In October 2015 a group of banks and investors released the Positive Impact Manifesto, which calls for a new financing paradigm. As per the Manifesto, bridging the funding gap for sustainable development and the attainment of the SDGs requires a new, impact-based approach, based on a holistic consideration of the three pillars of sustainable development. Manifesto

The Manifesto outlines a Positive Impact Roadmap towards to the achievement of SDG financing, which focuses on two core needs:

  • A common framework to help the finance community and a broader set of public and private stakeholders identify, assess and promote positive impact activities, entities and projects.

To this effect, the Principles for Positive Impact Finance were launched on January 30th, 2017 in Paris. More information available here.

  • A collaborative, solution-building approach to developing and implementing new business models and financing approaches that will help address the SDG funding gap and realize the SDGs themselves.

As a first step, a grounding paper on approaches to SDG financing is being developed in partnership with the World Business Council for Sustainable Development (WBCSD) and Price Waterhouse Coopers (PWC), for release in 2017.