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Banks, UN Set Standards on Channelling Investments for Sustainable Development

February 13, 2017 |

This article was originally published on Eco-Business

“Leading finance institutions including Australian Ethical, Banco Itaú, and BNP Paribas are among a new UN-backed framework aimed at funding low carbon and inclusive projects that would help achieve the Sustainable Development Goals (SDGs).

Nearly 20 leading global banks and investors, totalling $6.6 trillion in assets, have launched a United Nations-backed global framework aimed at channelling the money they manage towards clean, low carbon and inclusive projects.

The Principles for Positive Impact Finance – a first of its kind set of criteria for investments to be considered sustainable – provide financiers and investors with a global framework applicable across their different business lines, including retail and wholesale lending, corporate and investment lending and asset management…”

Read on at: Eco-Business.

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