The Financial Services industry is a vital enabler for the real economy. It supports improved economic well-being which then increases the ability of families and Governments to improve social outcomes.
The biggest opportunities for shared value, i.e. where we see the coming together of market potential, societal demands and policy action, are grouped around the following themes:
- ACCESS – Increasing financial inclusion for individuals (SDGs 1, 2, 3, 4, 10), small and medium sized enterprises (SDGs 5, 8) and Governments (SDG 13). This includes access to secure payment and remittance facilities, savings, credit and insurance.
- INVESTMENT – Investing in, financing and insuring renewable energy (SDGs 7, 13) and other infrastructure projects (SDGs 6, 9)
- RISK – Leveraging risk expertise to directly influence customer behavior and to create more resilient nations through developing innovative pricing models which incentivize more sustainable living and production (SDG 12); and sharing non-proprietary risk data, risk analysis and risk management expertise to inform public policy and practice (SDG 11)
- CROSS CUTTING – Positively influencing environmental, social and governance (ESG) practices of corporate clients and investee companies (SDGs 13, 14, 15, 16).
Download the complete SDG Industry Matrix : FINANCIAL SERVICES
The Matrix provides some of the most significant opportunities, principles-based initiatives and collaborations for the Financial Services industry. It also presents a simplified view of the sources of capital within the financial system to explain the context within which these take place. The supporting Matrix provides additional ideas and examples submitted by companies.