Driving Sustainable Finance Towards a New Economic Model
12th June 2020 3:30pm Singapore Time
- In recent years there has been a significant shift towards impact and ESG. The main drivers have been attractive returns, sustainability threats, regulatory pressures, and investor/consumer demand. With the COVID-19 crisis there has been a magnification of this trend with an increase in funding towards the UN goals for developing markets.
- The panelists believed that blended finance coming from different sectors was critical to meet the capital needed for the SDGs (2.5T annually). This collaboration will also allow for combining expertise, which can create higher impact while minimising risks.
- Panelists touted sustainability and technology as continuing trends to look forward to. Today 1 out of every 4USD has some element of ESG or sustainable finance component and this is likely to increase. Meanwhile, the panelists felt that technology would be one of the driving forces allowing for more far reaching impact as it allows for more accessibility than ever before.