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Edinburgh Ethical Finance Round Table – Blended Finance for the SDGs
October 24, 2018 @ 1:45 pm - 4:00 pm
To coincide with Ethical Finance 2018 the next award winning Edinburgh Ethical Finance Round Table meeting, delivered in partnership with Baillie Gifford, will take place at The Scottish Parliament.
Hosted by Ben Macpherson, Minister for Europe, Migration and International Development, the round table will discuss the role blended finance can play in delivering the UN Sustainable Development Goals (SDGs).
Finance Gap
Achieving the SDGs requires US$5-7 trillion p/a investment.
With an estimated US$ 2.4 trillion p/a shortfall, the private sector is poised to fill the gap. But only a fraction of the worldwide invested assets of banks, multinational enterprises, pension funds, insurers, as well as philanthropists and foundations is SDG-relevant.
Opportunity
The SDGs could create 380 million jobs and generate US$12 trillion in business savings and revenue across four sectors by 2030. The total economic prize from implementing the SDGs could be 2-3 times bigger (assuming benefits are captured across the whole economy and accompanied by much higher labour and resource productivity).
“The world has never before been united by a set of global goals on poverty, inequality, injustice and climate change. Not achieving these Goals would be the biggest market failure of our time. Financial markets must play a vital role in creating a sustainable future for us all.” Mark Wilson, Chief Executive Officer, Aviva Plc
Round Table Discussion
Ben Macpherson MSP will kick-off the meeting with a summary of how Scottish Government has integrated the SDGs into the National Performance Framework and the consideration given to the SDGs in relation to its international development approach.
Gail Hurley and Jamie Ervin from United Nations Development Programme (UNDP) will then highlight how public and private investment can strategically mobilise additional private finance in “blended finance approaches” for SDG-aligned instruments.
Further insights will be provided from leading local and international finance practitioners before the floor opens for discussion.
THIS EVENT IS BY INVITATION ONLY. TO REGISTER YOUR INTEREST PLEASE EMAIL CHRIS@UKIFC.COM