Sustainable Nation has a mandate from the Irish Department of Finance under its International Financial Services (IFS) 2020 strategy to raise awareness of the Sustainable & Responsible Investment (SRI) agenda and to promote and position Ireland as an international hub for Green Finance. Our two initiatives to deliver on this mandate are SIF Ireland and Finance Green Ireland.
SIF Ireland (Sustainable & Responsible Investment Forum) was established in Q1 2017 by leading Irish located capital market participants as a platform for policy makers, capital providers and intermediaries to advance sustainable & responsible investing across all asset classes domestically. The Forum is a member of EuroSIF, Europe’s leading responsible investment trade association. The Forum also works closely with the UN Principles of Responsible Investment, which works to understand the investment implications of environmental, social and governance (ESG) factors and to support its international network of investor signatories in incorporating these factors into their investment and ownership decisions.
SIF Ireland’s activities are overseen by a Committee that consists of Ireland’s Strategic Investment Fund, Irish Life Investment Managers, Mediolanum, BCP Asset Managers, KBI GI, L&P, KPMG, the Irish Department of Finance (observer), the Irish Association of Pension Funds and the Irish Funds Industry. Terence O’Rourke is the Chair of this Committee.
Finance Green Ireland
The need to develop a sustainable financial system is rapidly evolving. Global policy drivers include the Paris Agreement, G20, G7, OECD, UNEP Finance Inquiry and most recently the EU High-Level Expert Group on Sustainable Finance.
We aim to drive awareness of Ireland’s world leading green finance credentials and promote Ireland as a leading Global Green Finance Centre.
Recognising that there are also domestic economic opportunities, Finance Green Ireland advocates for policy and regulatory certainty to allow local and global capital contribute to Ireland as a Sustainable Nation. This work supports the realisation of Action 13 under the Irish government’s National Mitigation Plan 2017.
Climate finance is the finance required for the mitigation of and adaptation to climate change. It is often used to refer to financial flows from developed to developing nations.
With Ireland already a member of the UN Green Climate Fund, Sustainable Nation is currently exploring the development of an African Leadership for the Financing of Clean Energy (ALFCE) programme. This work is carried out in partnership with the UN founded GESCI platform and the EU’s Climate-KIC.