Business Leaders Joins UN Secretary-General in Calling for More Action on Sustainability

On Tuesday, business leaders joined UN Secretary-General António Guterres is calling for increased investment in a “sustainable, net-zero, resilient, and equitable world.” 

Mr. Guterres was visited in New York by the Global Investors for Sustainable Development (GISD) Alliance, which brings together 30 corporate titans worth an estimated $16 trillion and highlighted clear steps for the future. 

The GISD Alliance’s CEOs and other top executives have been working with the UN and other partners to produce rules and solutions that integrate the existing finance and investment ecosystem with the Sustainable Development Goals(SDGs) since the Secretary-General convened the group in October 2019. 

Mr. Guterres acknowledged the “great responsibility” that private sector leaders bear, but said the objectives were clear: “build a sustainable, net-zero, resilient, and equitable world, better align investment with sustainable development, and act on their commitments, with credible timelines, targets, and plans,” he said. 

The GISD Alliance has established standards and technologies aimed at moving trillions of dollars to close the financial gap and accomplish the UN’s 2030 Agenda since its inception. 

The group’s goals are to increase the supply of long-term investment for sustainable development, to realize SDG investment opportunities in developing countries, and improve the effect of private investment for sustainable development. 

GISD also acted quickly to handle crises, including issuing a COVID Bond Call to Action in 2020. The call led businesses and governments to respond to the pandemic by forming innovative social links, resulting in long-term economic recovery. 

GISD released its latest investment tool this year, aimed at aligning financing with the SDGs. It offers to correctly quantify enterprises’ influence on sustainable development targets and provide investors with vital insights using a set of sector-specific measures. 

GISD will launch a net-zero ETF and a blended finance fund in the coming months, assisting in the march toward providing real-life opportunities to finance the SDGs according to Oliver Bäte, GISD Co-chair and CEO of Allianz. 

GISD is also collaborating with the G20 Sustainable Finance Working Group, the COP26 climate conference bureau, and the G7 leading economies, as well as multilateral development banks, to create concrete recommendations on how to increase private investment for sustainable development.