The GISD Alliance organized a dialogue during the Fourth AOS Climate and ESG Owner Summit hosted by the New York CFA Society. The speakers, including GISD representatives from CDPQ, Amundi, Allianz Global Investors, Aviva and UNDESA, shared their view on some of the key challenges to scaling up private investment in sustainable development, such as local currency risk, lack of quality data, risk-return profiles of projects in developing countries and credit ratings. Looking ahead to the Fourth International Conference on Financing for Development in 2025, the panel then build on the GISD Alliance workstreams to discuss a range of possible solutions. For example, panelists shared insights on how to scale up blended finance through stronger partnerships with development banks, including at the national level. They further pointed to need for more and better data and called for the full release of the GEMs database. Speakers also referred to changes in regulatory frameworks that would facilitate private investment.

 The GISD Alliance organized a discussion on the topic of “Scaling Up Financial Innovations for Sustainable Development” at the 2024 SDG Investment Forum, hosted by the UN Global Compact and the CFO Coalition for the SDGs. Coming together at the sidelines of the 79 UN General Assembly, the panelists in the discussion included senior representatives from GISD members Nuveen, Enel, and Banco do Brasil. The panelists shared successful examples of financial innovations such as blended finance instruments and sustainability-linked bonds that are channeling investments into SDG-advancing sectors such as infrastructure, renewable energy, and agriculture. The conversation focused on challenges that hinder scaling up of investments for sustainable development and actions to overcome them that can be brought to the consideration of UN Member States ahead of the Fourth International Conference on Financing for Development in 2025.