Sustainable Nation Handed Key Role In Government’s IFS Action Plan For 2017

Sustainable Nation Ireland will this year play a pivotal role in supporting the Government’s action plan for Ireland’s international financial sector.

Financial services minister Eoghan Murphy, who is also chair of the IFS2020 joint committee, on Monday announced details of the State’s action plan for 2017.

The Strategy for Ireland’s International Financial Services Sector is a five year programme to develop Ireland as key location for specialist financial services.

Under the plan, Sustainable Nation Ireland will continue to focus on the promotion and positioning of Ireland as an international hub for green finance, while continuing to raise awareness of the responsible and sustainable investment agenda.

The IFS Action Plan 2017 acknowledged Sustainable Nation’s key role in supporting and developing ideas, innovations and investment strategies to successfully transition Ireland to a low-carbon economy.

The plan says: “IFS2020 sets out a vision for Ireland to be the recognised global location of choice for specialist international financial services.

“Green finance provides a unique opportunity to build on Ireland’s reputation as a centre of excellence for niche international financial services and as a hub for innovative technology-driven international financial services.”

The IFS2020 action plan for 2017 also tasks Sustainable Nation Ireland with:

  • the further development of key international partnerships (EU Climate-KIC, UN Principles of Responsible Investment, Climate Bonds Initiative, EuroSIF and CDP);
  • promoting Ireland as a centre for green finance including the establishment of Europe’s first dedicated Climate Finance Accelerator through its on-going relationship with Climate-KIC;
  • co-hosting the Global Sustainable Capital Forum in Dublin in December 2017 (in partnership with leading international publication Responsible Investor);
  • Delivering with the support of Sustainability Skillnet a Certificate in Green Finance accredited at Level 7 on the National Framework of Qualifications and roll out of UN PRI Academy responsible investing online courseware;
  • Supporting the establishment in Ireland of a new low-carbon investment fund focused on investing in Irish cleantech SMEs at a regional level, by extension supporting regional job growth.

CEO of Sustainable Nation Ireland Stephen Nolan confirmed the body will update the IFS2020 Joint Committee in Q3 2017 regarding progress.

“This key role for Sustainable Nation further cements our mission to develop Ireland as a global centre for sustainable, responsible investment and innovation. We are relishing the challenge.”

Pic: Martin Shanahan, CEO IDA Ireland; An Taoiseach Enda Kenny, T.D.; and Minister Eoghan Murphy, T.D. at the European Financial Forum, Dublin Castle 24th January 2017.

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