FinMin, UNDP launch Sustainable Finance Collaborative

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News: Department of Economic Affairs, Ministry of Finance and United Nations Development Programme(UNDP) India has launched the Sustainable Finance Collaborative(SFC).

Facts:

  • Objective: To bring together leading experts and organizations to work together to boost India’s efforts on mobilizing sustainable and green finance.
  • The collaborative saw a host of discussions centred around Sustainable Finance architecture in India.It included dialogues on barriers to deploying new and innovative financing such as impact investing, green finance instruments for sustainable development among others.

Additional Facts:

  • Sustainable Finance: It refers to any form of financial service integrating environmental, social and governance(ESG) criteria into the business or investment decisions for the lasting benefit of both clients and society at large.