Alliance News | CASVI Chairman Ma Weihua Was Invited to Join the UNDP SDG Impact Steering Group

To more effectively promote SDG-enabling investment, UNDP has initiated SDG Impact Programme and invited 10 global leading figures in finance and business sector to join SDG Impact Steering Group.The Steering Group is chaired by UN Deputy Secretary General and UNDP Administrator Mr. Achim Steiner.

Ma Weihua, Chairman of the CASVI, was invited to attend the Steering Group Inaugural Ceremony at UNDP Headquarters in New York on 20th June, accompanied by Secretary General of CASVI Angela Bai.

During the meeting discussion, Chairman Ma pointed out that developing countries were facing a funding gap of $2.5 trillion per year in promoting sustainable development. In order to mobilize more capitals flowing into SDGs, he proposed to establish globally-accepted principles and standards for the impact assessment under the UN framework.

Over the past three years, CASVI and other 53 research institutions have co-developed the assessment standards on sustainable development contribution of listed companies and issued the “Social Value 99” rankings and reports. CASVI is now working with a China's top fund management company to co-develop SDG-related ETF Fund product. CASVI is also willing to open its assessment model as well as database in the joint efforts on developing global impact assessment standard.

Chairman Ma proposed a global summit on Sustainable Development Impact held in China to continue in-depth discussions on the global SDG Impact Standards. Mr. Achim Steiner expressed his appreciation on Chairman Ma’s suggestions.

Elizabeth Boggs Davidsen, Director of the SDG Impact at UNDP, showed her warm welcome to Steering Group members, and expected to further improve the SDG assessment standards with CASVI based on SDG practice in China.

Attendees also include Sir Ronald Cohen, Chairman of GSG; Daniel Hanna, Global Head of Sustainable Finance at Standard Chartered; Anna Ryott, Chair of Board of Summa Equity and EQT Representative; and Amy Jadesimi, CEO of the Lagos Deep Offshore Logistics Base (LADOL).