Despite a high number of respondents (88%) within the financial services system taking action on the SDGs, only 58 per cent reported that their core business strategy is aligned with the SDGs. The interview data supports this, stating that businesses struggle with alignment.
Growing business action, but greater alignment with strategy needed
In the financial services system, there is reasonable alignment between the SDGs that individual companies are prioritizing and those that respondents feel are a priority for the system industry as a whole. Only 3% acknowledge negative impacts on Goal 10: Reducing Inequalities, despite the sector being instrumental to advancing this SDG.
System and company priorities aligned
Scaling action towards the transition is neededAcross the four most important SDGs for the system, at least 50 per cent of respondents feel that the challenge is recognized by their sector, the vision for transition is in place and there is an agreed approach to deliver.
Sustainable transition needs
The challenge of financing the SDGs is not just about mobilizing more money to close the financing gap — it is more systemic, requiring investors and businesses of all sizes to be influenced. Centralized system to identify public and private investment flows, aligned with country development plans and better connection of green finance and digital services.