Monday 19 August 2019

New international financial services plan will make Ireland a global climate finance leader

Stock photo
Stock photo

THE country's growing profile as a world-leading centre for sustainable investment and climate finance has been significantly boosted today with the launch of the Government’s new five-year strategy for international financial services called ‘Ireland for Finance’.

Under the strategy, Sustainable Nation Ireland has been tasked with helping to implement a range of key actions supporting the development of Sustainable Finance that will place Ireland in the vanguard of this growing area.

Sustainable Finance is the capital required to tackle climate change and includes green bonds, ESG and socially responsible investing (SRI) investments, sustainable infrastructural investments, climate finance, and performance bonds. Ireland is home to a number of world leaders in sustainable finance investments, asset management companies, insurance companies and pension funds.

Among tasks mandated to Sustainable Nation Ireland under the ‘Ireland for Finance’ plan are:

* To undertake a deep sector analysis of future sustainable finance and responsible investment skills and talent requirements in partnership with industry bodies and Sustainability Skillnet. 

* In addition, Sustainable Nation Ireland will organise Ireland’s second Climate Finance Week in November 2019 - both events will be held under the banner of the Year of Sustainable Finance 2019.

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