Sustainable finance: a key tool for socio-economic and environmental development
As the climate and economic crises intensify, the need for decisive action becomes inevitable. It is estimated that more than 140 million people could be displaced by climate change-related disasters by 2050, and rising economic inequality will leave the most vulnerable communities in precarious situations. (IPCC, 2022). In these difficult times, sustainable finance has emerged as a global priority.
In this sense, sustainable finance, which includes ethical, environmental, social and governance (ESG) considerations in investment decisions, is key to promoting a fairer and greener future. This approach not only directs funding to projects that generate economic benefits, but also aims to foster a more inclusive and resilient economy that reduces inequality gaps, thereby increasing community resilience. and create opportunities that benefit society and the environment.
To achieve these goals, it is important to take a holistic approach. We must advance efforts to mitigate and adapt to climate change, conserve biodiversity and promote a circular economy. At the same time, it is essential to combat inequality, promote inclusiveness and protect human rights under ethical and responsible governance that promotes fair labor relations as a fundamental pillar of this process.
Similarly, by supporting the transition to clean energy, reducing carbon emissions, and improving resource efficiency, sustainable finance has a positive and lasting impact on our economies and communities, making them more equitable. can promote green economic growth.
What has UNDP been doing regarding sustainable finance?
The United Nations Development Program (UNDP) has been actively working through the Center for Sustainable Finance to help national economies build financial architectures that support the achievement of the Sustainable Development Goals (SDGs). As part of its role, UNDP serves as the technical secretariat for the G20 Sustainable Finance Working Group (SFWG), fostering collaboration between the world’s major economies and the private sector to advance sustainable finance initiatives. I’m doing it.
UNDP has supported Peru’s 2024 APEC Presidency, including through the Finance Ministers Process (APEC FMP). This year, active efforts were made to support the Finance and Central Bank Deputy Ministers Meeting (FCBDM) held in Arequipa in February and the Senior Financial Officials Meeting (SFOM) held in Cusco in May. There is.
“By working together, we can fulfill APEC’s mission to contribute to sustainable financial development and pursue long-term socio-economic and environmental sustainability. UNDP supports these efforts. We believe that through collaboration and knowledge sharing, we can transform sustainable finance into a driver of inclusive growth and lasting prosperity,” said Maria Del, UNDP Deputy Regional Director for Latin America and the Caribbean. – Carmen Sacasa said.
At UNDP, we are committed to supporting this effort with our technical expertise and supporting Peru’s APEC Presidency in its mission to empower people, engage all communities, and grow sustainably. Masu. Through partnerships, we can drive sustainable finances and move towards a more resilient socio-economic and environmental future.
