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Final Impact Disclosure Guidance Aims to Drive Capital for UN Sustainable Development Goals

October 25, 2024 No Comments

Key Impact Points: New Guidance Targets Impact Transparency The Impact Disclosure Taskforce, a collaborative initiative co-chaired by J.P. Morgan and Natixis Corporate & Investment Banking, has released its final voluntary Impact Disclosure Guidance. This guidance is aimed at helping corporate and sovereign entities disclose their contributions to reducing poverty and

Last Chance Race for Clean Energy Funds as US Administration Scrambles to Spend Remaining IRA Funds

October 24, 2024 No Comments

White House Races to Allocate Clean Energy Funds As the end of President Joe Biden’s term nears, his administration is scrambling to secure clean energy funding from the Inflation Reduction Act (IRA) before the possibility of a new administration disrupts progress. With Donald Trump threatening to pull back unspent IRA

Revolutionizing Clean Energy: $900M Push for Next-Gen Small Nuclear Reactors

October 22, 2024 No Comments

Key Impact Points: The U.S. Department of Energy (DOE) has announced the opening of applications for up to $900 million in funding to accelerate the deployment of Generation III+ small modular reactors (SMRs). This initiative is a cornerstone of the Biden-Harris Administration’s Investing in America agenda, supported in part by

Constellation Foundation Launches $1M Initiative to Protect Wildlife and Natural Resources

October 22, 2024 No Comments

Key Impact Points: $1M Grant to Drive Sustainability Constellation, the largest U.S. producer of emissions-free energy, has announced $1 million in grant funding through its Constellation Foundation. This funding will support 35 community-based conservation projects across five states as part of Constellation’s commitment to creating cleaner, healthier environments in nuclear

Unpacking the SFDR: How Asset Managers Are Navigating Sustainability Challenges

October 15, 2024 No Comments

3 Key Impact Points: The Sustainable Finance Disclosure Regulation (SFDR), a key component of the EU’s Action Plan for Sustainable Finance, is driving the transition toward greater transparency and trust in the financial markets. Designed to combat greenwashing and accelerate capital flows into sustainable investments, SFDR is already having a

EU Watchdog Reviews ESG Fund Naming Rules Amid Industry Backlash

October 15, 2024 No Comments

3 Key Impact Points: The European Securities and Markets Authority (ESMA) is considering revising its forthcoming rules on the naming of sustainable investment funds following concerns from industry players. Set to take effect on November 21, the new regulations aim to clamp down on greenwashing by banning funds with names

Fidelity introduces the world's first blue transition bond fund, focused on improving ocean and freshwater health.

Fidelity International Launches Blue Transition Bond Fund to Support Ocean and Freshwater Sustainability

October 14, 2024 No Comments

Key Impact Points: Fidelity International has launched the Fidelity Funds 2 – Blue Transition Bond Fund, a pioneering fixed income fund designed to support the transition to healthier oceans and freshwater ecosystems. The fund also aims to achieve long-term capital growth. A Focus on Underfunded SDGs The fund is the

Blue Alliance and BNP Paribas Launch $35M Impact Loan Facility to Support Coral Reef Conservation in the Global South

Blue Alliance, BNP Paribas Launch $35M Impact Loan Facility for Coral Reef Conservation

October 10, 2024 No Comments

Key Impact Points: Blue Alliance Marine Protected Areas (BA) and BNP Paribas have announced the launch of Blue Finance, a USD 35 million impact loan facility designed to support reef-positive businesses and accelerate the growth of the Blue Economy within Marine Protected Areas (MPAs). This innovative financial facility, which leverages

PROMPT FOR SDG NEWS: You are tasked with rewriting articles for a news publication website called SDG News. Follow the steps below carefully: 1. Rewrite the article in Smart Brevity Format: Focus on concise, clear, and impactful writing. 2. Provide a title for the article: The title needs to directly report the findings from the provided article 3. Provide 3 key impact points: These should be in bullet points format at the beginning of the article. 4. Include all original quotes: Place them strategically within the article to support key statements. 5. Target Audience: Country Leaders, Presidents, Prime Ministers, C-Suite, Executives, Directors, Big Investors 6. Add H3 Headings inbetween the article to break up the paragraphs United Nations Development Programme (UNDP) and Mizuho Financial Group join forces to scale up sustainable finance in Asia Tokyo, October 10, 2024 - The United Nations Development Programme (UNDP) and the Mizuho Financial Group have entered into a partnership to support scaling up sustainable finance across Japan and Asia. This follows an announcement by the Mizuho Financial Group that it intends to raise USD 700 billion in sustainable finance by 2030. The partnership aims to expand sustainable and impact finance initiatives which strengthen economic infrastructure by resolving a range of societal and environmental issues and enhancing socioeconomic sustainability. The approach aims to integrate sustainability into business strategies and operations to achieve the Sustainable Development Goals (SDGs). UNDP has prioritized engaging with the private sector to mobilize much needed resources and to scale up efforts in achieving the SDGs. Its SDG Finance Team at the Regional Bureau for Asia and the Pacific (RBAP) and UNDP’s Sustainable Finance Hub have introduced service lines for businesses and investors to align investments towards the SDGs. These service lines are focused on the development of impact-driven investment frameworks, integrated into the entire investment cycle. In 2022, Mizuho became the first global company to participate in UNDP’s “SDG Impact Standards Training”, strengthening efforts to enable a wide range of customers to engage in impact finance. Mizuho published its “Impact Business Compass” in May 2024, which guides its thinking on impact, both in terms of the opportunities and approaches to becoming an impact business. This announcement advances collaboration with Mizuho, an industry leader in Asia, while serving as a model for other companies to follow suit. In collaborating with UNDP, Mizuho is advancing initiatives that seek to establish positive cycles that cogenerate SDG impact and economic and corporate value. UNDP will provide Mizuho with comprehensive advisory services to enhance its sustainable investment strategy, operations, and project identification. UNDP’s expertise and global network will help Mizuho identify and support impactful projects aligned with the SDGs, structure blended finance solutions, and amend its sustainability-related policies. Key areas of the partnership include developing a comprehensive sustainable investment strategy and financing for Mizuho that aligns with international standards and best practices. UNDP will also support Mizuho to develop sustainable product offerings, policies, and operational procedures, as well as identify and prioritize investment opportunities that can contribute to the SDGs. “Private capital investments at scale are essential to see accelerated progress across the Sustainable Development Goals. Our partnership with the Mizuho Financial Group underscores the vital role and compelling business case for investing in areas like climate change, biodiversity, and social equity,” said Kanni Wignaraja, UNDP’s Regional Director for Asia and the Pacific. “By combining Mizuho’s financial capabilities and assets with UNDP’s strategic vision and development expertise across Asia and the Pacific, we look to enable transformative change. We hope this partnership serves as an inspiration for other financing institutions to follow the Mizuho Financial Group's lead,” she added. Yasuhiko Ushikubo, Executive Officer and Head of the Research and Consulting Unit, Mizuho Financial Group and Mizuho Group Chief Sustainability Officer (CSuO), said, “Mizuho works to co-create impact with diverse stakeholders in working towards its purpose of tackling new challenges and achieving success together. Achieving a sustainable society requires incorporating social and environmental factors, which have been regarded as external to corporate and economic activities, into decision-making as internal factors. In this way, internalizing externalities is crucial to fostering a virtuous cycle of impact creation and corporate growth. The UNDP has a proven track record of supporting projects that aim to create global impact towards achieving the SDGs through capacity building that accelerates impact thinking. Through this partnership, Mizuho will work with the UNDP to promote its impact business not only Japan, but also globally.”About the United Nations Development Programme (UNDP) As the United Nations lead agency on international development, UNDP works in 170 countries and territories to eradicate poverty and reduce inequality. UNDP helps countries to develop policies, leadership skills, partnering abilities, institutional capabilities, and to build resilience to achieve the Sustainable Development Goals. UNDP’s work is centred around six signature development solutions: poverty and inequality, governance, resilience, environment, energy and gender equality.About the UNDP Sustainable Finance Hub The Sustainable Finance Hub brings together UNDP’s financial expertise to harness public and private capital for the Sustainable Development Goals (SDGs) – supporting governments, investors and businesses in reaching climate, social impact and sustainability targets. Its work drives systemic change towards a sustainable financial architecture that benefits people and the planet.

UNDP and Mizuho Financial Group Form Strategic Partnership to Align $700 Billion with the SDGs by 2030

October 10, 2024 No Comments

Key Impact Points: Strategic Partnership for Sustainable Finance The United Nations Development Programme (UNDP) has partnered with Mizuho Financial Group to scale sustainable finance across Japan and Asia. This collaboration follows Mizuho’s commitment to raise USD 700 billion in sustainable finance by 2030, focusing on resolving societal and environmental issues

Morningstar: The 10 Largest Funds Aligned to Sustainable Development Goals

October 10, 2024 No Comments

By Liz Angeles, Morningstar Investors seeking clues about where society is headed—and which trends could benefit—might look at the Sustainable Development Goals. Adopted by United Nations members in 2015, the 17 Sustainable Development Goals form a wide-ranging plan to grapple with poverty, equalities, climate change, and other challenges, while promoting economic growth.