COP27 Finance Awards Concept Celebrating Most Committed Banks, Insurances and Stock Exchanges

(November 9, 2022, Sharm El Sheik, COP27) -- At the UNFCCC Innovation Hub four partners came together to present the joint efforts of UNGSII, UNSDSN, UNFCCC and YKC to celebrate those companies within the banking, insurance and stock exchange sectors most committed to the SDGs.

A team of analysts looked at the top 500 stock listed companies’ legally binding annual reports published between 2017 and 2022 and read line-by-line how they spent their budgets and what they are planning to do regarding one or more of the 17 SDGs and 169 targets. These signed self-commitments are then benchmarked against selected opinion-leading media such as BBC, WSJ, and FT on how they report on these described commitments as well as against how financial analysts’ judgements on these commitments receive awareness.

“The SDG Commitment Report Awards provide transparency on how the lighthouses in the banking, insurance, and stock exchange industries are increasingly committed to accepting the SDGs as their additional compass in business,” explained Roland Schatz, Founder of UNGSII, the concept of the COP27 Finance Awards presented for the first time in Sharm El-Sheik. Tal Ronen, CEO of YKC added: “With Banco Bradesco, BNP Paribas, and Banorte in the category Banking; Axa. Zurich Insurance, and Aviva in the category of Insurances; and B3, Tokyo Stock Exchange and the German Stock Exchange Frankfurt in the category of Stock Exchanges being the most committed in the test period 2017-2022 the world can see, how the finance sector is working hard to regain trust while becoming reliable partners for SDG Implementation.”

As Prof. Phoebe Koundouri, Co-Chair of UNSDSN, pointed out, it is not a question of funding, as enormous funds like the EU Green Fund, as well as those agreed to by the World Bank, IMF, EBRD and the like, were created. It is important to make sure that those providing funding to companies, cities, hospitals, and others across the world understand that they also have to disclose their guidelines for investment decisions. Thanks to the former president of NASDAQ, Alfred Berkely, and the former manager of the UN Pension Fund, Joseph Cajigal, investments, like UNGSII’s SCR 500, within the framework of the SDGs, create competitive returns. The UNGSII SCR 500 was able to celebrate a five-year cumulative result above 67%, outperforming the MSCI world.

"We are looking forward to seeing all the experts joining our UNFCCC Innovation Hub next year at COP in Dubai," said Massamba Thioye, Head Innovation at UNFCCC.

Download the full reports at http://us.mediatenor.com/en/library/reports

For further information, please contact Roland Schatz at This email address is being protected from spambots. You need JavaScript enabled to view it.