UNDP accelerates finance for the SDGs and COVID-19 recovery

The challenge: Finance is not working for people or the planet.

The global wealth of US$430 trillion is not going where it is most needed under the current financial system. The current small, separate sustainable finance initiatives will not deliver the change at scale needed.

The answer: an architecture for sustainable finance based on the SDGs

The world needs an economic governance architecture deliberately designed to support governments, development agencies, civil society and the private sector to make decisions that prioritize investment in the SDGs.

UNDP’s strengths: UNDP is uniquely positioned to realize a sustainable finance architecture by working with multiple partners through:

  • Mobilizing financial expertise to sustainable development
  • Bringing sustainable development expertise to the private sector
  • Providing access to private financial investors 
  • Designing instruments for the delivery of vertical funds and innovative instruments
  • Building a sustainable finance architecture at the country level
  • Facilitating South-South exchanges and horizontal knowledge-sharing on sustainable finance practices

The target: $1 trillion “Moonshot”

UNDP re-commits to working with countries to expand people’s choices for a fairer, sustainable future and calls on its partners to join UNDP in its $1 trillion ‘Moonshot’ target to help mobilise game-changing public and private sector resources towards the SDGs.

In order to address these demands, UNDP established the Sustainable Finance Hub (SFH) in April 2019, aggregating UNDP's existing work and expertise on financing the SDGs. The SFH offers a comprehensive package of methods and tools in support of the organization’s SDG Integration offer to enable governments, the private sector and international financial institutions to accelerate financing for the SDGs. From supporting national strategies that deepe public-private collaboration to developing global Standards for Private Equity funds, SDG Bonds and Enterprises, and investor maps for SDG-enabling investment at global, regional and national levels, the SFH brings the best of UNDP to accelerate progress of the SDGs.  

UNDP’s Istanbul International Center for Private Sector in Development (IICPSD), established in 2011 in partnership with the Government of Turkey, an integral part of the Sustainable Finance Hub, supports the private sector and foundations to become transformative partners in development through research, advocacy for inclusive business, and facilitation of public-private dialogue and multi stakeholder-partnerships. The Center hosts four global initiatives: Business Call to ActionSDG Philanthropy PlatformGlobal Islamic Finance and Impact Investing PlatformConnecting Business Initiative.

A Robust Approach to Financing the SDGs

UNDP, having a long track record of working in public finance and private sector development, and more recently in unlocking private capital for the SDGs, is uniquely positioned to advance financing for the SDGs. UNDP has seen a growing demand from partners to scale up its work around public finance, as well as private sector engagement, development, and finance issues. Corporations are increasingly seeking UNDP’s advisory services on strategic alignment with the SDGs.

In order to address these demands, UNDP established the Sustainable Finance Hub (SFH) in April 2019, aggregating UNDP's existing work and expertise on financing the SDGs. The SFH offers a comprehensive package of methods and tools in support of the organization’s SDG Integration offer to enable governments, the private sector and international financial institutions to accelerate financing for the SDGs. From supporting national strategies that deepe public-private collaboration to developing global Standards for Private Equity funds, SDG Bonds and Enterprises, and investor maps for SDG-enabling investment at global, regional and national levels, the SFH brings the best of UNDP to accelerate progress of the SDGs.  

UNDP’s Istanbul International Center for Private Sector in Development (IICPSD), established in 2011 in partnership with the Government of Turkey, an integral part of the Sustainable Finance Hub, supports the private sector and foundations to become transformative partners in development through research, advocacy for inclusive business, and facilitation of public-private dialogue and multi stakeholder-partnerships. The Center hosts four global initiatives: Business Call to ActionSDG Philanthropy PlatformGlobal Islamic Finance and Impact Investing PlatformConnecting Business Initiative.

UNDP’s Sustainable Finance Service Offers 4+1

UNDP works with multiple partners to realize a sustainable finance architecture and calls on its partners to join UNDP in its $1 trillion ‘Moonshot’ target to help mobilise game-changing public and private sector resources towards the SDGs through 4+1 service offers.

  • Service Offer 1: Public Finance
  • Service Offer 2: Unlocking Private Capital and Aligning Business Operations for the SDGs
  • Service Offer 3: SDG Impact Managment and Finance Tracking
  • Service Offer 4: Integrated National Financing Frameworks (INFFs) and Portfolios
  • Service Offer 5: SDG Finance Academy

GROUNDED IN PARTNERSHIPS

At the national level, the Sustainable Finance Hub supports UNDP Country Offices in aligning public as well as private finance with the SDGs.Working with UNDP Regional Bureaus, the Sustainable Finance Hub promotes knowledge and technical/technology exchanges between countries through South-South partnerships, and works to generate stronger regional integration on key financing-related topics.

The Sustainable Finance Hub collaborates with partners and networks that champion the systemic reforms and brings an SDG financing focus to the partnerships with International and Development Finance Institutions, business leaders, faith-based finance partners,and other private sector partners. UNDP builds consensus for improved governance of financing, and also strengthens the work on SDG financing with the UN system, including UNDESA, UNICEF, UN Women and UNCDF.