SDGI Launch at GIIN Investor Forum
21 signatories present SDGI Agenda
to Dutch Government and Central Bank
Dutch SDG Investing Agenda
SDG Investing INVITATION to the Dutch Government and Central Bank
Our world is in flux. Today, more than ever before, the private sector plays a critical role in safeguarding a sustainable future for upcoming generations. In 2015, world leaders from all sectors signed off on three major sustainability mandates: The Addis Ababa Action Agenda, the 2030 Sustainable Development Agenda, and the Paris Agreement on Climate Change. The 2015 Agreements provide a comprehensive, global strategy towards a fair, stable and sustainable society. However, a 'crowding in' of private and institutional SDG investment (SDGI) towards the estimated $5-7 trillion in capital that is needed each year to finance the Agenda, is not happening at the right pace and scale yet.
We, the undersigned financial institutions, are committed to contribute to the SDG Agenda an view its underpinning 17 Global Goals as a catalytic driver for positive change. We believe that is is in our nest interest, as well as that of our clients and investees, to consider the largest societal challenges of our time in our work an investments. Efforts to date by the undersigned to maximize the positive impact of the -2,800 billion in Euros in assets we collectively manage, are testament to this.
This Dutch SDG Investing (SDGI) Agenda serves to reinforce our commitment and to offer concrete recommendations for 'SDGI action' in context of Dutch investment value chains. It articulates milestone achievements to date, priorities that we will collectively undertake, as well as ways in which individual institutions will seek to make a difference. Most importantly however, it identifies areas where we believe that collaboration with the DNB and the Dutch government will unlock greater SDG investment and increase our net positive contributions to each of the seventeen SDGs - including SDG #17 which calls for greater collaboration between public and private sectors.
As reinforced by the Addis Ababa Action Agreement, we recognize that the government and regulatory supervisors are needed to fully realize the financial sector's contributing potential. We look at the government to help raise the profile of the SDGs in The Netherlands, to provide policy support and catalytic funding instruments, and to deploy innovative sustainable finance approaches. Specifically, we invite the Dutch government and DNB to collaborate with the undersigned to continue to take action in support of the 2030 Agenda in at least four areas of action:
1. Catalyze significant SDG investment through the systematic deployment of blended finance instruments
2. Make SDG investment the 'new normal' by encouraging and enabling all Dutch retail investors to invest with impact
3. Establish an enabling SDGI data environment by stimulating the uptake of sustainability indicators and standards
4. Identify and address actual and perceived regulatory barriers and incentives to SDG investment
Our hope is that our attempt at articulating a shared national SDGI Agenda will help lead to greater convergence, collaboration, and coordination between a broad spectrum of actors. We are greatly encouraged by the resonance this Initiative has found already with the Dutch government and by the new connections that were forged as a result of our consultation with them.
As a country, we have a unique opportunity to set the tone for SDG investing. We look forward to sharpening the content of the Dutch SDGI agenda to this effect and to collaborating with our colleagues, peers, and fellow initiatives to elevate each of our individual SDG journeys and successes to one of national - and ultimately global - SDG investment success