General Corporate Purposes is Not Enough, but Neither is the Current Approach to Sustainable Finance
With a USD2.5tn gap in the funding required to meet the UN sustainable development goals (SDG), the industry needs to move more swiftly in mobilising the capital needed to address persistent sustainable development shortcomings. Thankfully, a number of forces may be conspiring to provide an important tailwind for sustainable finance. But the industry needs to hunker down and address some key questions before the segment can evolve into a meaningful force for good.
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