Achieving the Sustainable Development Goals (SDGs), a set of 17 global targets for social, environmental and economic development, requires an estimated US$3.3-4.5 trillion of investment annually through 2030 in developing countries alone, according to the United Nations Conference on Trade and Development (UNCTAD). The annual investment gap is a sizeable US$2.5 trillion, with investments required in developed economies adding to that gap. Leveraging private capital at scale is essential, as public capital alone is hugely insufficient to meet the SDGs.
About the Nordea Challenge
Future-fit finance requires new measurements of progress, improved disclosure and data, and closer engagement between finance sector players, companies and consumers on the SDGs. The finance sector and businesses need to implement new financing models that incentivise capital to flow at scale to investments aligned with the SDGs. Nordea takes sustainability matters seriously – and as the leading bank in the Nordic region, Nordea is has a key role in encouraging a more sustainable future.
Together with Nordea, we are now looking for bold entrepreneurs with unconventional solutions working to disrupt the current financial system and collaboratively solve the challenge: How might we finance a sustainable future?
Apply now to join the Xynteo Exchange. The 50 selected Impact Maker finalists will pitch and showcase their solutions, at the Marketplace during the Xynteo Exchange/Norway 2019. The Exchange is made of a curated tribe of 500+ business leaders, policy-makers and innovators where finalists can find mentorship, meet with potential partners, pursue funding from the Nordic investing community and compete to win a €50,000 cash prize – The Impact Maker Award 2019.