CEOs Explore Solutions to Bridge Annual USD 4.3 Trillion SDG Financing Gap | News | SDG Knowledge Hub

Members of the Global Investors for Sustainable Development (GISD) Alliance met with UN Secretary-General António Guterres to present transformative solutions for bridging the estimated yearly gap of USD 4.3 trillion in SDG financing. The Secretary-General convened the GISD Alliance in 2019 to align, scale up, and accelerate finance and investment for the 17 Goals.

Concurrent global crises, including the war in Ukraine, climate change, and the COVID-19 pandemic, are threatening to derail the SDGs. “Governments on their own cannot achieve the goals. The private sector needs to play its part in financing sustainable development,” said Navid Hanif, Assistant-Secretary-General for Economic Development, UN Department for Economic and Social Affairs (DESA) in an interview ahead of the Fourth Annual Meeting of the GISD Alliance.

Held in New York, US, on 12 October 2022, the meeting brought together prominent business leaders from around the world who jointly control assets worth USD 16 trillion. The meeting presented “an opportunity to explore strategic partnerships that can catalyze critical shift in the finance and investment ecosystem towards sustainable development.”

“The large and persistent SDG financing gap must spur our collective effort to scale up private finance and investment for the SDGs,” emphasized the Secretary-General, addressing participants.

There is no time to waste. We cannot afford for the SDGs to fall out of reach.

— UN…

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