The Sustainable Finance Development Network is a public-private sector platform for dialogue on sustainable finance embedded within the APEC forum which is made up of 21 member economies and home to approximately 2.9 billion people and represent approximately 60 percent of world GDP and 48 percent of world trade in 2018.
The SFDN was formed at the recommendation of the APEC Business Advisory Council (ABAC) by the APEC Finance Ministers in 2020 to resolve the growing need to address and consolidate efforts towards sustainable finance. SFDN is designed to serve as a permanent platform for public-private sector collaboration to help accelerate the convergence of sustainable finance policies among APEC member economies while strengthening the region’s voice in developing a global and more interoperable sustainability frameworks.
The SFDN is guided by a steering committee which oversees the outputs and strategic direction of the network. The steering committee is made up of experts from multilateral development institutions, private sector organisations, key financial institutions and think tanks. In addition to the steering committee, the SFDN is actuated on workstreams which are led by sherpas, appointed for their expertise in the workstream. The secretariat, which coordinates the network is provided by the UNDP hosted Financial Centres for Sustainability (FC4S).
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