Meeting and realising the Sustainable Development Goals (SDGs) by 2030 will be heavily reliant upon the private sector’s ability to allocate and invest finance that aims to tackle the most urgent social and environmental challenges.
For Australia to prosper in the 21st century, we need to realign our financial systems to support human well-being, social equity and the environment. In doing so, we will create a stable, resilient and inclusive economy.
The UN Sustainable Development Goals (SDGs) provide us with a universal framework to embark on this realignment, whilst at the same time solving the world’s most intractable social and environmental problems and meeting the expectations of Australians now and in the future.
Although financing the SDGs remains a challenge, it is one that the private sector can play a key role in overcoming. By placing the SDGs at the heart of their strategies and operations, investors, financial institutions and companies can drive the necessary transformational change to bridge the gap between the promise and reality of these Global Goals.
The time to rethink the future of corporate finance and investments as a catalyst for growth and social impact is now. The financial sector has a fundamental role to play in driving progress towards the SDGs to both safeguard existing and future investments but also deliver sustainable economic growth. With an estimated USD 12 trillion in market opportunities offered by the SDGs globally, businesses will need to reorient their investments towards sustainable development whilst continuing to meet their risk appetite and maximise shareholder returns.
The Global Compact Network Australia will convene a Sustainable Finance Forum: Delivering on the SDGs later this year in partnership with the Australian Stock Exchange (ASX) and the Australian Council of Superannuation Investors (ACSI). Register your interest at email@example.com.