The CFO Coalition for the SDGs is a platform where global CFOs and other corporate officers can collaborate with peers, investors, financial institutions and UN agencies to develop principles, frameworks and recommendations to integrate the sustainable development goals (SDGs) in corporate finance and create a market for mainstream SDG investments. The UN has estimated that the world will need to spend between $3 trillion and $5 trillion annually to meet the SDGs by 2030, and the ongoing Covid-19 pandemic has increased that estimate by an additional $2 trillion annually. Recognition is growing among investors and governments that there are enormous opportunities for the private sector to play a critical role in the transition to a sustainable, climate-safe future.
The CFO Coalition for the SDGs is re-envisioning the role of CFOs architects of long-term sustainable value creation. It is an initiative of the United Nations Global Compact (UNGC), the world’s largest corporate responsibility initiative.
In December 2019, a small group of CFOs formed the CFO Taskforce with the goal to lay the groundwork for a broader coalition of CFOs to fully harness the potential of corporate finance. First, in September 2020, the CFO Taskforce published the CFO Principles on Integrated SDG Investments and Finance to guide this work. In order to expand and accelerate the CFO Taskforce’s critical early efforts, the UNGC is launching the CFO Coalition for the SDGs - a wide-ranging, global coalition working to align corporate investments with the SDGs and linking corporate finance to relevant and credible SDG targets based on the CFO Principles. Members of the CFO Taskforce have transitioned to form the CFO Advanced group, guiding the work of the CFO Coalition for the SDGs. The Coalition also includes CFOs who wish to become Signatories committed to the CFO Principles.