SUSTANABLE DEVELOPMENT GOALS
INVESTING:
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For sustainable impact towards 2030’ SDGs
By Enock Were
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t a recent meeting with investors in Stockholm, GRI and UN Global Compact brought the 2030 Agenda for Sustainable Development to the table. The discussion highlighted current bottlenecks in sustainable investment and what should be done to resolve them. The outcomes of this discussion have been formalized in the Stockholm Declaration. According to the 2016 Global Sustainable Investment Review, the total assets directed towards sustainable and responsible investment strategies globally amounted to $22.89 trillion in 2016, growing at a remarkable rate of 25% from 2014. The story revealed by this figure is one of the rapidly expanding influence of the investor community on the agenda for sustainable development.
To trigger a big impact on the 2030 Agenda for Sustainable Development, GRI and UN Global Compact (UNGC) called on the investor community to engage in the discussion on SDGs. During a two-day event ‘Investing for sustainable development and sustainable impact towards 2030’, held in Stockholm in May, speakers, panelists and round-table discussions contributed to expanding the conversation around investors’ expectations and vision regarding sustainable investment
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To encourage greater investor engagement, the UN-supported Principles for Responsible Investment (PRI) was invited to co-convene these discussions. PRI is an investor initiative, which works to promote responsible investment among its international network of signatories. The event, hosted by Sida, received an overwhelming response, drawing in 80 participants including senior or CEO level representatives from several Nordic and other pension funds, insurance companies and fund managers, including Alecta and Folksam, co-hosts of the event. The discussions brimmed with expert insights, described below, which GRI and UNGC aim to concretize in their Reporting on SDGs Action Platform, to better meet the reporting
As one of the pioneer companies to implement ECO-Benefits Programme of Cleaner Production in Uganda, MAKSS PACKAGING INDUSTRIES believes in environmental sustainability, and therefore, we are proud to join National Environment Management Authority - NEMA and the rest of Ugandans to celebrate 2017 World Environment Day.
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Controlling the flow of vast amounts of capital gives the investment community considerable power in determining the success of the Sustainable Development Goals (SDGs), such as SDG #1: No Poverty. “By choosing to invest in business models and value chains that enable stable, inclusive and sustainable markets, investors can instigate a systemic impact that decisively improves people’s livelihoods and accelerates the fight against poverty, this being in accordance with the Financing for Development Agenda and Addis Ababa Action Agenda,” highlighted Lennart Båge, acting Director of the Swedish International Development Cooperation Agency (Sida), at the the conference.
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Our Sales & Administration Office: Plot 41 Mukabya Close, Nakawa Ind. Area, P.O. Box: 20141, Kampala - Uganda Tel: +256-414-286544/5/8, Fax: +256-414-286547 Mob: +256-712-220093, 0712-854100, 0701-349936 E-mail: sales@maksspackaging.com
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Strapping Tools, Seals, Metal Clips, Heavy duty stapling Machine, Staples, Stitching wire, Rubber Bands, Stretch wrap, Shrink & Cling film, PP Strapping rolls, Tenax strapping rolls, plain & custom printed gum tapes in all colours.
EnviroConserve AFRICA June/August 2017
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Getting investors talking about SDGs
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