This article was originally published on IISD SDG Knowledge Hub.
- UN Environment, in partnership with 19 banks and financiers, launched the ‘Positive Impact Principles’ to guide financing for sustainable development.
- The principles aim to guide investors, donors, auditors, and governments in evaluating the social and environmental impacts of investments.
The UN Environment Programme, in partnership with 19 banks and financiers, launched a set of principles to guide financing for sustainable development. The ‘Positive Impact Principles’ are meant to help direct some of the estimated US$5-7 trillion that will be needed for fully implementing the Sustainable Development Goals (SDGs) towards meeting the global challenges of climate change, population growth and resource scarcity.
The principles are aimed at helping investors and donors to evaluate the social and environmental impacts of their investments. The guidelines also help auditors rate investments by their impacts, and support governments in issuing “impact-based” tenders for projects, as well as guiding private sector and civil society organizations in developing business models that benefit the environment as well as society…”
Read on at: IISD SDG Knowledge Hub.