July 2017: The UNEP Finance Initiative (UNEP FI) has joined the Finance for Tomorrow initiative, which aims to encourage a transition in financial flows towards a low-carbon and inclusive economy, in line with the Paris Agreement on climate change and the Sustainable Development Goals (SDGs). Finance for Tomorrow has joined the Positive Impact Initiative, a UNEP FI initiative that seeks to drive SDG financing by working with stakeholders in the finance industry.

Paris EUROPLACE and members of the Paris Financial Center launched Finance for Tomorrow to promote sustainable finance in France and internationally and to capitalize on the mobilization of the financial sector, following public sector commitments to encourage a transition in financial flows towards a low-carbon and inclusive economy and the prioritization of green governance and responsible investment. Finance for Tomorrow brings together private, public and institutional stakeholders and combines long-term investment while addressing environmental and social challenges. The Initiative will contribute to SDG 17 (partnership for the Goals) and SDG 8 (decent work and economic growth), among others.

The Positive Impact Initiative aims to support the achievement of SDG financing through a common framework and collaborative, solution-building approaches to help the finance community and public and private stakeholders identify and implement new business models and financing approaches to address the funding gap for the SDGs and support achievement of the SDGs.

Finance for Tomorrow and the Positive Impact Initiative aim to encourage a more inclusive, low-carbon economy and to support SDG financing.

Through their collaboration, these groups aim to encourage shifts in financial flows towards a more inclusive, low-carbon economy and to support SDG financing. Finance for Tomorrow and the Positive Impact Initiative are advancing a number of activities and actions, including establishing a working group on green and sustainable finance research and innovation; developing new mechanisms for financing green infrastructure in developed and developing countries; and discussing the construction of new green and sustainable finance products. [UNEP FI News Story] [Finance for Tomorrow Website] [UNEP FI Positive Impact Initiative]