18 April 2023 - UN Headquarters, New York - The Global Investors for Sustainable Development (GISD) Alliance, together with the UN Development Programme, today announced the launch of an initiative and workstream aimed at enhancing the integrity and quality of sovereign bond issuance aligned to the Sustainable Development Goals.
The Strategy Group of the Global Investors for Sustainable Development (GISD) Alliance met in Dubai, UAE on 23rd and 24th February. The meeting was hosted by Ms. Habiba Al Mar'ashi, Chairperson of Emirates Environmental Group. Mr. Navid Hanif, Assistant Secretary-General for Economic Development, UN DESA, moderated the meeting with special remarks provided (virtually) by GISD Alliance Co-Chairs Mr.
In an op-ed for The Business Times (Singapore), GISD Alliance Co-Chair Jose Vinals (Group Chairman of Standard Chartered) urges the investor community to embrace a new era of sustainable development investing: "to meet the challenges facing us, we must reject the false choice between profits and principles. There is a path forward that can unleash the power of private capital to make our world more sustainable and our lives more equitable."
We, the Global Investors for Sustainable Development (GISD) Alliance, reiterate our full support to the United Nations Sustainable Development Goals (SDGs). The SDGs remain the blueprint to navigate these turbulent times. They can guide us back on course towards a sustainable world with prosperity for all.
Photo credit: UN Photo/Rick Bajornas
The Model Mandate was first published by ICGN in 2012 and has been updated in partnership with the GISD Alliance. The Mandate offers guidance on how to incorporate the UN Sustainable Development Goals into investor stewardship activities. It provides asset owners with example contractual terms to consider when agreeing mandates with asset managers in their efforts to preserve and enhance long-term value.
GISD and ICGN launch new Model Mandate to better align financial incentives with long-term investment in sustainable development
Guidance to help asset owners and managers to invest sustainably, closely aligning portfolios with the SDGs
The International Corporate Governance Network (ICGN) and the Global Investors for Sustainable Development (GISD) Alliance today launched a new Model Mandate to provide asset owners with guidance that facilitates the alignment of their portfolios with long-term investment in sustainable development – and more specifically with the Sustainable Development Goals (SDGs).
GISD in collaboration with ICGN launches a new Model Mandate to align investment portfolios with sustainable development
Together with the International Corporate Governance Network (ICGN), the GISD Alliance is launching a new Model Mandate to provide asset owners with guidance that facilitates the alignment of their portfolios with long-term investment in sustainable development and with the Sustainable Development Goals (SDGs).
Recommendations to Incentivize Key Actors Along the Investment Chain Towards a Longer Term, Sustainable Perspective
To procure a shift from short-termism to long-termism within the finance sector, and thereby supporting the achievement of the SDG goals, the incentives within the investment chain should be adjusted. The working group behind this report has reviewed and assessed key actors along the investment chain as presented in the picture below. The review has been done with the aim to identify a handful of recommendations that are actionable and capable of having a meaningful and speedy impact of providing impetus for long termism across the financial sector.
We, the members of the Global Investors for Sustainable Development (GISD) Alliance, reaffirm our support for the 2030 Agenda for Sustainable Development – which sets out a vision for a prosperous future for people and planet, underpinned by sustained, inclusive and sustainable economic development.