FC4S plans major growth in sustainable finance
FC4S, the UN Environment Programme’s global network of financial centres for sustainability which has its European headquarters in Dublin, has set in place plans for major growth in sustainable finance.
The network of 30 centres agreed at its AGM in Geneva to mainstream green and sustainable finance internationally and launched a regional programme for Africa. They aim to agree on key, measurable common targets by the end of 2022.
In Geneva, the centres set out a new strategy aiming to align their investments with the Paris Agreement and the Sustainable Development Goals.
The meeting bore witness to how quickly the sustainable finance agenda has been mobilised in the past year. It discussed the results of the FC4S global financial centre sustainable finance survey which showed that Dublin is performing well in terms of activities and results.
In addition, the leaders of the Commission’s DG FISMA sustainable finance efforts and the Network for Greening the Financial System (NGFS – 46 Central Banks including Ireland) gave members an overview of policy and regulatory activities over the next 12 – 24 months. A full update on this will be provided on ESG Day, 5th November as part of Climate Finance Week in Dublin.
Sustainable Nation’s FC4S membership aligns with government’s Ireland for Finance strategy which focuses on international collaboration in support of sustainability.
“The FC4S network has now reached a critical mass and is primed to play an important role in the global sustainable finance agenda,” Stephen Nolan, head of FC4S, said.