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FCC Construcción is the first construction company in the world to join the UN's “Sustainable Finance and Investments” group

22/09/2020

FCC Construcción is the first construction company in the world to join the UN's “Sustainable Finance and Investments” group

The United Nations Global Compact CFO working group has published the principles for integrating sustainable finance and investment, with a focus on private sector investment in development.

The goal is to create an efficient market for investments and capital flows in the SDGs.

The principles seek to guide companies to align their sustainability commitments with financing strategies to create a real impact on the Sustainable Development Goals (SDGs).

The principles have been published in the UN General Assembly, 34 Chief Financial and have incorporated: impact of the SDGs and measurement, strategies and investments integrated in the SDGs, integrated corporate finance and communication and integrated reporting on the SDGs. The goal is to work with the investment value chain, including investors, banks, development finance institutions, sustainability and credit rating agencies, appraisal companies to create a broad, liquid and efficient market for investments and capital flows. in the SDGs.

There is more than $ 14 trillion a year in corporate investments, with CFOs being a driving force in achieving the SDGs.

“The Principles for Corporate Finance Aligned with the SDGs allow the broader financial ecosystem to scale financing and investments towards the SDGs to ensure that no one is left behind. This is the right and timely as the long-term success of business is inextricably linked to a sustainable future for all, ”said Sanda Ojiambo, CEO and Executive Director of the UN Global Compact.

The principles are intended to build on and complement the UN Ten General Principles, Covenant on Human Rights, Labor, Environment and Anti-Corruption.

With the launch of the principles, representatives of the CFO Taskforce convene investors, companies, banks, governments and other market participants to work together towards a sustainable financial economy system that drives investment in the SDGs. The principles will be supported by implementation, guidance, case studies and working groups to help companies set ambitious goals to accelerate the transition from corporate finance and investment to sustainable development.

The CFO Principles on Investment and Finance Integrated into the SDGs, download here.

About the United Nations Global Compact CFO Working Group

In 2019, the United Nations Global Compact created a network of CFOs to address the sustainability challenge and the SDGs. Over the past year they have interacted with investors, financial institutions and the United Nations to share ideas, develop new concepts and provide recommendations for creating a market for incorporating investments into the SDGs. Help companies implement the principles.

Learn more about the United Nations Global Compact for the SDGs CFO Working Group at www.cfotaskforce.org.