IDEAS FOR A SUSTAINABLE FUTURE
Apr 15, 2022
3 minutes
FINANCIAL INSTITUTIONS MUST DO THE WORK
Finance is indispensable to the achievement of the U.N.’s Sustainable Development Goals (SDG), which address issues from climate change to inequality. Without capital, no business or government can hope to achieve these goals.
At COP26, 450 major financial institutions committed to making their portfolios net zero by 2050, meaning they will require any company they invest in to eliminate or offset their carbon footprint. The $130 trillion they collectively manage may sound like more than enough capital to solve sustainability issues. However, a fraction of that is being put to this
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