|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.|
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.
- 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.