United Nations Development Programme hosted Financial Centres for Sustainability (FC4S) announces launch of Americas Hub
In partnership with regional members, the UNDP hosted Financial Centres for Sustainability (FC4S) network has today announced the creation of a FC4S Americas Hub.
Focused on supporting regional member financial centres further develop and grow their sustainable finance activities in line with the 2030 Agenda and Paris Agreement, the hub consists of three financial centres – Montréal, Mexico City and Rio de Janeiro.
Today’s announcement coincides with the launch of a new Centre of Excellence for Finance for Tomorrow, a hub created by the regulator in partnership with Brazil’s Comissão de Valores Mobiliários (CVM), and Rio de Janeiro City’s Administration.
FC4S Co-Chair and Deputy General Manager Casablanca Finance City Authority, Lamia Merzouki said: “Today’s launch is an important milestone for FC4S and our Americas members. It demonstrates that we have reached a critical mass of collective activity that requires a dedicated regional Hub. The Hub will support members by increasing access to the tools, frameworks, and insights underpinning talent development, product innovation and policy engagement all required to progress the sustainable finance agenda further and help achieve shared regional climate goals.”
Jose Alexandre Vasco, Director, Investor Protection and Assistance Office Director at CVM and coordinator of the Financial Innovation Laboratory, Brazil said: “We are very pleased to participate in today’s launch of the FC4S Americas Hub, which took place in Rio de Janeiro. An important achievement, its creation enhances the perspective of a regional approach. The Laboratory looks forward to working with the Hub in promoting an ecosystem favourable to innovation and strengthening sustainable finance here in Brazil.”
Commenting, Alba Aguilar, CEO, Green Finance Advisory Council, Mexico said: “I am excited about today’s launch of FC4S’s Americas Hub. At the regional level, it can only serve to enhance regional collaboration at the financial centre level on important sustainable finance topics, not least mobilising increasing amounts of private sector capital in support of the regional climate action agenda. CCFV looks forward to supporting the Hub and working with our colleagues in Brazil and Canada.”
Speaking about the launch, Jacques Deforges, CEO Finance Montréal noted: “As we look to further accelerate the mainstreaming of the sustainable finance agenda at the financial centre level the sharing of best practice, exchanging experiences, and finally acting together on shared priorities is key. Finance Montréal is a proud member of FC4S and looks forward to working with our colleagues in the region to support the activities of the FC4S Americas Hub.”
An international collective of 39 financial centres working together to achieve the objectives set by the 2030 Agenda and the Paris Agreement, today’s launch of the FC4S Americas Hub builds on similar FC4S Hubs in Africa, Asia, and Europe.
Notes for editors:
UNDP hosted Financial Centres for Sustainability (FC4S) network is a collective of 39 financial centres working together to achieve the objectives set by the 2030 Agenda and the Paris Agreement. Through national and regional initiatives, the FC4S Secretariat works with members to achieve this objective by providing the tools and insights to measure progress, engage local institutions and inform policy, including research on emerging issues, guidance on best practices, and strategic advice and support services.
About the LAB
The Financial Innovation Laboratory (LAB) is a forum for multisectoral interaction, created by the Brazilian Development Association (ABDE), the Inter-American Development Bank (IDB) and the Securities and Exchange Commission (CVM), which, in partnership with Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, brings together government and society representatives to promote sustainable finance in the country.
The Green Finance Advisory Council (CCFV) is a representative body of the Mexican financial sector that works to promote the financing of projects and investment assets that generate positive environmental impacts. CCFV represents over 300 members and was created in response to the growing need in Mexico to develop a sustainable financial market with an authentic long-term vision.
About Finance Montreal
Founded in 2010, Finance Montréal, the financial cluster in Quebec, is at the heart of the development and promotion of the Quebec financial services industry and its international positioning as a growing, competitive, attractive and innovative world-class financial center. The organization also focuses on fintech and innovation, sustainable finance and talent development. Hub of the financial community, Finance Montréal mobilizes its forces around these poles, much like the community it built around its Montréal FinTech Station.