Banks are crucial in the transition to a green economy, according to UNEP

October 14, 2015

A group of 10 international banks has just launched the “Positive Impact Manifesto”, a document on the central role played by the banking sector for sustainable development.

The initiative is supported by the UN Environment Program (UNEP), which ensures that the transition to a green economy requires considerable funding.

The manifesto outlines a plan for the establishment of a new paradigm, based on the positive financial impact on the economy, society and the environment.

According to the UNEP executive director, the initiative is a clear request for the banking sector to actively participate in the 2030 Agenda.

Achim Steiner stated that banks have a strategic position between the real economy and the capital markets, with assets of almost 140 trillion dollars.

The director of UNEP explained that therefore, financial institutions are essential to catalyze the global transition to an inclusive green economy.

According to Steiner, meeting the Sustainable Development Goals requires between $ 5 and $ 7 trillion a year.

October 14, 2015

A group of 10 international banks has just launched the “Positive Impact Manifesto”, a document on the central role played by the banking sector for sustainable development.

The initiative is supported by the UN Environment Program (UNEP), which ensures that the transition to a green economy requires considerable funding.

The manifesto outlines a plan for the establishment of a new paradigm, based on the positive financial impact on the economy, society and the environment.

According to the UNEP executive director, the initiative is a clear request for the banking sector to actively participate in the 2030 Agenda.

Achim Steiner stated that banks have a strategic position between the real economy and the capital markets, with assets of almost 140 trillion dollars.

The director of UNEP explained that therefore, financial institutions are essential to catalyze the global transition to an inclusive green economy.

According to Steiner, meeting the Sustainable Development Goals requires between $ 5 and $ 7 trillion a year.