Edinburgh Ethical Finance Round Table – Blended Finance for the SDGsAll Events
October 24, 2018 @ 1:45 pm - 4:00 pmTo coincide with Ethical Finance 2018 the next award winning Edinburgh Ethical Finance Round Table meeting, delivered in partnership with Baillie Gifford, will take place at The Scottish Parliament. Hosted by Ben Macpherson, Minister for Europe, Migration and International Development, the round table will discuss the role blended finance can play in delivering the UN Sustainable Development Goals (SDGs).
Finance GapAchieving the SDGs requires US$5-7 trillion p/a investment. With an estimated US$ 2.4 trillion p/a shortfall, the private sector is poised to fill the gap. But only a fraction of the worldwide invested assets of banks, multinational enterprises, pension funds, insurers, as well as philanthropists and foundations is SDG-relevant.
OpportunityThe SDGs could create 380 million jobs and generate US$12 trillion in business savings and revenue across four sectors by 2030. The total economic prize from implementing the SDGs could be 2-3 times bigger (assuming benefits are captured across the whole economy and accompanied by much higher labour and resource productivity).
“The world has never before been united by a set of global goals on poverty, inequality, injustice and climate change. Not achieving these Goals would be the biggest market failure of our time. Financial markets must play a vital role in creating a sustainable future for us all.” Mark Wilson, Chief Executive Officer, Aviva Plc