About the Nordea Studio

Leaders from business, start-ups, academia and research institutions are meeting at the Xynteo Exchange/Norway to advance a new growth model fit for the 21st century. At the heart of the Exchange is a series of Studios, where we will bring leaders together to try to develop commercial solutions to human problems.

 

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.

 

We need to rethink the norms, incentives and decision-making processes that guide actors within the financial system if we are to finance the SDGs. In short, we need to renew the governance of the financial system. Out-dated governance holds back progress at many levels of the financial system, which is essential to channelling capital at the vast scale required to meet the SDGs.

 

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. Our task at the studio is to identify how the finance sector and businesses can implement governance models that incentivise capital to flow at scale to investments aligned with the Sustainable Development Goals (SDGs).

 

On day one, we will interrogate the complex nature of capital flow to support the SDGs, and explore how our capabilities could be brought to bear to deliver future-fit finance models. On day two, we will identify potential interventions within these problem areas, with the aim of developing early-stage concepts for projects that can deliver both human and commercial value. Finally, we will select the most promising concepts to present in the Marketplace.

 

Location: Felix Conference Centre, Bryggetorget 3, 0250 Oslo

PROBLEM STATEMENTS

During the studio, participants will split into five breakout groups to roll up their sleeves and work together on different challenges related to future-fit finance. Read more about each of the problems we’ll be tackling together below:

HOLISTIC MEASUREMENTS OF WEALTH

 

Current measurements of wealth at the country-level and business level provide incomplete information on total economic, environmental and social progress.

 

The challenge: How might we measure wealth more holistically for societies, businesses and individuals?

 

Read more here.

FINANCING THE LOW-CARBON BUSINESS TRANSITION

 

Green finance offerings need to scale and align with climate targets, as decarbonisation rates remains insufficient to limit global warming to at least 2 degrees Celsius, the global climate target agreed in 2015.

 

The challenge: How might the finance sector better enable companies to decarbonise?

 

Read more here.

COMMUNICATING SUSTAINABILITY IMPACTS TO FINANCIAL CONSUMERS

 

Customers increasingly want their savings, pensions and investments to have a positive impact in addition to offering a competitive financial return, but limited information about their options prevents them from translating desire into practice on a significant scale.

 

The challenge: How might we better communicate to customers the contribution their investments make to the SDGs?

 

Read more here.

MEASURING COMPANIES’ IMPACT ON THE SUSTAINABLE DEVELOPMENT GOALS (SDGS)

 

Corporate disclosure of metrics relating to the SDGs is inadequate for financial sector stakeholders to easily compare companies’ relative SDG impacts.

 

The challenge: How might we access clear, credible data on companies’ impact on the SDGs?

 

Read more here.

ADOPTING CIRCULAR BUSINESS MODELS

 

Companies must evolve business models to capture the full value of a circular economy and truly decouple growth from resource use.

 

The challenge: How might we incentivise company boards to adopt circular business models?

 

Read more here. 

Find out more about the next Studio