Wikipedia defines sustainable finance as a green finance which is a set of financial regulation, standards, norms and
product that pursue an environmental objective, and in particular to facilitate the energy transition. It allows the
financial system to connect with the economy and its populations by financing its agents while maintaining a growth
objective.
Ensure the security of your HCL environment by applying the Zero Trust princi...
Sustainable-Finance.ppt
1. FORCE
FOR
GOOD
Sustainable Finance
Wikipedia defines sustainable finance as a green finance which is a set of financial regulation, standards,
norms and product that pursue an environmental objective, and in particular to facilitate the energy
transition. It allows the financial system to connect with the economy and its populations by financing its
agents while maintaining a growth objective.
Harvard Division of Continuing Education defines sustainable finance as a decision of investment into the
account of environmental, social and governance (ESG) factors of economic activity or project.
When we try to extract the life after any drastic situation like pandemic then a result comes out that
mobilizing of fund, moreover sustainable finance is the foundation of sustainable future. As per the
WHO report of the year March, 2022, confirmed cases are 470,839,745 and 6,092,933 deaths globally.
The pandemic has not only adversely affected the economy; it has also broken down the human life.
International Labour Organisation (ILO) Director-General Guy Ryder (ILO) has stated in a new report that
"We've gone backwards, we've gone backwards big time," said". The employment scale is back to 2015
levels; where we set the sustainable development goal for next 15 years, but the Covid-19 crises has
flipped the progress and backed us to the starting line. As per the World Bank Organization (WBO)
economy all across the world has poised to its least. Capital as a Force for good is globally essential to
sustain and to do the improvisation in economy.
Global Finance Industry Leaders are now on front now and playing the role of strong pillar specialty
finance Ecosystem. These industry leaders include government, non-government, not profitable
organisations. The force for good market leaders approaches marginalized human being to provide them
the right of equality and sustainable future. They builds specialty finance ecosystem to initiate and
involve the world's leading financial institutions and other stakeholders with a view to impacting
sustainable development through the deployment of capital and solutions that address the world's
greatest issues and build a better future.
The Force for Good engages 100 financial institutions such as ABN AMRO, Allianz SE, AIG, Australian
Super, Barclays, Captial group, and many, technology companies such as Amazon, Google, Facebook,
Microsoft and 7 government institutes (World Bank, National Development bank, European Investment
Bank) as the key stakeholders to conducts research on ESG (Environmental, Social and Governance).
These institutions collectively accelerate their efforts to strongly face the complex and interrelated
challenges like climate change, social inclusion and sustainable development. These Global Finance
Industry Leaders provides support in cash and kind. They use capital as a force for good to distribute
2. among marginalized and needy human being. Even though most of us misunderstand the term
'Sustainable Finance' as a marketing strategy to attract the persuading people, meanwhile the industry
leaders take it a disruptive force in business. But it is not at all and the market leaders work to build the
strong Specialty Finance Ecosystems for approachable to everyone
Conclusion
Since the frequent disasters have made the environment very fragile hence it is globally essential to
have the sustainable finance and industry leaders to do force for good. The Force for Good has taken
this responsibility and bridge the gap and work towards the sustainable development goal.