What’s it about in short: A group of 10 international banks recently signed the Positive Impact Manifesto. This includes a roadmap towards a new paradigm of positive financial impact on the economy, society and environment.
When was it released: October 2, 2015
By whom: Mercados de Medio Ambiente
More info: http://www.mercadosdemedioambiente.com/actualidad/la-banca-determinante-en-la-transicion-hacia-una-economia-verde-e-inclusiva/ (in Spanish, see the pdf of the manifesto in English here)
Un grupo formado por 10 bancos internacionales ha firmado recientemente el Manifiesto Impacto Positivo, en el que se recoge una hoja de ruta para el establecimiento de un nuevo paradigma basado en el impacto financiero positivo en la economía, la sociedad y el medioambiente.The Banking Commission believes that, in 2015, when the urgency for the transition to sustainability continues to increase, and when policy-makers across multiple fora, from the G20 to the UN General Assembly are multiplying their calls to action, a new financing paradigm is needed if we are to act in time.
The Banking Commission is calling for a wide-ranging movement across the banking sector and the broader financial sector to drive Positive Impact Finance hand in hand with the players that lie at the heart of the economy and hence of the transition: corporates, businesses and entrepreneurs.
Positive Impact Finance is that which verifiably produces a positive impact on the economy, society or the environment once any potential negative impacts have been duly identified and mitigated.