Geneva to host new sustainable finance network
The United Nations Environment Programme (UNEP) has decided to establish the secretariat of its new network of Financial Centres for Sustainability (FC4S) in Geneva. The network of 17 leading financial centres, created last September, aims to accelerate green and sustainable finance. The FC4S network follows work undertaken by Italy’s Ministry of Environment during Italy’s 2017 G7 presidency, which endorsed and encouraged cooperation between financial centres. The network was launched in Casablanca, Morocco, in September 2017 with a mission to “exchange experience and take common action on shared priorities to accelerate the expansion of green and sustainable finance”. The 17 financial centres belonging to the network are: Astana, Casablanca, Dublin, Frankfurt, Geneva, Hong Kong, Liechtenstein, London, Luxembourg, Milan, Paris, Seoul, Shanghai, Shenzhen, Stockholm, Toronto and Zurich. UNEP is establishing the network’s secretariat in Geneva with support from Swiss federal ...