Conciliation Center issues 73,000 agreements in H1 2025    Saudi Arabia identifies key dust storm hotspots    Chief of staff inspects THAAD air defense unit in Jeddah    Saudi Arabia imposes SR2.1 million in anti-concealment fines in Q2 2025    Saudi Arabia tops global tourism revenue growth in Q1 2025    Ministry of Commerce recalls over 2,000 Baseus power banks over fire risk    PIF launches Tasama to boost Saudi business services sector    Saudi minister meets innovators, researchers in London to advance tech-driven economy    Macron condemns US tariffs, urges swift EU countermeasures    Taiwan–US tariff talks enter 'crucial moment,' negotiator says    Israel to present new Gaza withdrawal map in Qatar ceasefire talks    Russia and North Korea blame U.S. military activity for tensions on Korean Peninsula    France's Lady Liberty artwork goes viral as a new Statue of Liberty could be in the works    Abdullah Al-Qaisoom wins silver at Asian Youth and Junior Weightlifting Championship    Aubameyang's future at Al Qadsiah in doubt after cryptic post comparing Saudi League strikers    Theo Hernández: Al Hilal can compete with Europe's best    SFDA approves 'Winrevair' for rare pulmonary hypertension treatment    HONOR returns to Esports World Cup as Official Smartphone Partner for 2025 The renewed commitment will see HONOR elevate mobile esports competition with cutting-edge AI technologies and industry-leading hardware    Michael Madsen, actor of 'Kill Bill' and 'Reservoir Dogs' fame, dead at 67    BTS are back: K-pop band confirm new album and tour    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Pakistani star's Bollywood return excites fans and riles far right    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Business leaders join UN chief to step up action for sustainability
Published in The Saudi Gazette on 20 - 10 - 2021

Business leaders joined UN Secretary-General António Guterres on Tuesday, to step up delivery of critical investment, for a 'sustainable, net zero, resilient and equitable world'.
The Global Investors for Sustainable Development (GISD) Alliance, which brings together 30 business giants worth an estimated $16 trillion, met Guterres in New York, and outlined concrete actions for the future.
Since October 2019, when the Secretary-General convened the GISD Alliance, its CEOs and other top executives have been working with the UN and other partners to develop guidelines and products that align the existing finance and investment ecosystem, with the Sustainable Development Goals (SDGs).
Acknowledging the "great responsibility" facing private sector leaders, Guterres said that the goals were clear: to "build a sustainable, net zero, resilient, and equitable world, to better align investment with sustainable development, and to act on their commitments, with credible timelines, targets and plans".
Since its creation, the GISD Alliance has developed standards and tools aimed at moving trillions of dollars to bridge the gap in financing, to realize the UN's 2030 Agenda.
The group works through increasing the available supply of long-term investment for sustainable development, realizing SDG investment opportunities in developing countries, and enhancing the impact of private investment for sustainable development.
"I count on the members of the GISD Alliance to catalyze greater investment for developing countries and make net zero and sustainability the core of everyone's policies and business models.", Guterres continued.
GISD also sprang into action to address crises, including in 2020, by developing a COVID Bond Call to Action. The call prompted companies and governments to use innovative social bonds to respond to the pandemic, contributing to a sustainable economic recovery.
This year, GISD published its latest investment tool designed to align financing with the SDGs. Through a set of sector-specific metrics, it proposes to accurately measure the impact of companies on sustainable development targets, and provide investors with key insights.
This is an important step, since previous reporting frameworks would largely focus on measuring the impact of company operations on sustainability across whole industries.
According to Leila Fourie, GISD co-chair, and group CEO of the Johannesburg Stock Exchange, "industry-agnostic performance indicators, while useful, tend to fall short in capturing the full sector-specific impact of products and services that companies produce."
In the coming months, GISD will launch a net-zero Exchange Traded Fund (ETF) and a blended finance fund, helping the "move toward creating real life opportunities to finance the SDGs", said Oliver Bäte, GISD Co-chair and CEO of Allianz.
GISD is also working with the G20 Sustainable Finance Working Group, the COP26 climate conference bureau and G7 leading economies, as well as engaging with the multilateral development banks, to develop actionable recommendations on ways to scale up private investment for sustainable development. — UN News


Clic here to read the story from its source.