The Taskforce is acutely aware that the world is not on track to achieve the SDGs, the global agenda agreed in 2015 to alleviate poverty and inequality, provide for basic needs, protect the planet and combat climate change by 2030.
Bank of America, Citi and Standard Chartered are among a list of major financial institutions that have come together to form the new Impact Disclosure Taskforce. The Taskforce aims to help corporate entities and sovereigns measure and disclose their efforts to achieve the United Nations’ Sustainable Development Goals (SDGs).
Achieving the SDGs requires unprecedented levels of investment, particularly in emerging markets and developing economies, says the Taskforce in a Nov 28 statement. This financing gap is estimated by the UN Conference on Trade and Development to be over US$4 trillion ($5.35 trillion) per year.
