The FC4S Network was launched in Casablanca, Morocco, in September 2017, at a meeting co-hosted by the Casablanca Finance City Authority and the United Nations Environment Programme (UN Environment), in association with Italy’s Ministry of the Environment and Morocco’s presidency of the COP22 climate conference. At this meeting, financial centres adopted the Casablanca Statement on Financial Centres for Sustainability.
The FC4S Network is structured as a partnership between financial centres and the United Nations Environment Programme, which acts as its Convenor and Secretariat. The objective of the network is to exchange experience and take common action on shared priorities to accelerate the expansion of green and sustainable finance. The long-term vision of the FC4S Network is rapid global growth of green and sustainable finance across the world’s financial centres, supported by strengthened international connectivity, and a framework for common approaches.
The FC4S Secretariat, based in Geneva, Switzerland, works with financial centre members to achieve FC4S' objective, through the provision of research on emerging issues, guidance on best practices, strategic advisory, and project development and support services, including through regional initiatives.
The work of FC4S is made possible through generous financial support from the governments of Italy, Luxembourg and Switzerland, from the EU’s EIT Climate-KIC, as well as the Canton of Geneva and Swiss private sector donors. In addition, Sustainable Nation Ireland provides both funding and staffing support.