The UNEP published its Inquiry, The Financial System We Need on October 8th, 2015 at the World Bank/IMF meeting in Lima. The Inquiry explores, “how changes in financial system design can bring the environment more effectively into financial decision-making.” Along with the report, the UNEP also launched a web portal ‘Inquiry Live’ providing access to 50 research pieces. We were lucky enough to speak with Simon Zadek, Co-director of the Inquiry.
by Simon Zadek
The Summit on the Global Agenda 2015 takes place at a moment of extremes. Conflicts are raging across the region where the Summit is taking place. Meanwhile, 2015 is in other respects an uplifting year; the international community has launched an ambitious set of Sustainable Development Goals and hopes to strike a global deal on climate change in Paris later in the year.
Ask a financial regulator or a central bank governor what role they should play on environmental issues, and most will suggest you’re talking to the wrong person. This is changing, and will change faster after the launch this past week of UNEP’s “Inquiry into the Design of a Sustainable Financial System.” It’s a very important report, and will hopefully help launch a decade of reform in financial markets.
The year 2015 highlights the global shift from traditional money-based, gross domestic product (GDP)-measured economic growth to the new models of sustainable, inclusive human development embodied in the United Nations Sustainable Development Goals (SDGs) ratified by its 193 member nations.
by Simon Zadek
As you know, the UNEP Inquiry's global report, “The Financial System We Need: Aligning the Financial System with Sustainable Development” is out. But in addition to the report, we simultaneously launched on 8th October Inquiry Live!, a new web portal dedicated to providing knowledge about progress in advancing a sustainable financial system.
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