KARLSRUHE, Germany -- DBP is one of the signatories to ‘The Karlsruhe Resolution’ that supports the U.N.-backed sustainable development goals (SDGs) and the Paris Climate Agreement (COP21) collectively known as the “Agenda 2030.”
More than 200 delegates from over 30 countries including DBP President and Chief Executive Officer Cecilia C. Borromeo, high-ranking public officials and senior members of the international financial industry signed the resolution during the 7th Global Sustainable Finance Conference (GSFC 7) held here recently.
The resolution stresses the important role of the financial services industry in achieving the aspirations of Agenda 2030. It also underlines the need to encourage mobilization and allocation of commensurate amount of funding for the next five years to finance and invest in the implementation of the U.N. resolution on the SDGs and the COP21.
By being a signatory to the The Karlsruhe Resolution, governments and policy-making institutions commit to create policy frameworks that promote investments in innovation that will contribute in creating a green, inclusive and sustainable economy. They also pledge to be part of the collective global action to ensure a level playing field for all financial sector players and innovative banking and finance to address 21st century challenges.
In her presentation at the GSFC 7, President Borromeo underscored, “In support of the Philippine government’s efforts to achieve the SDGs, DBP under my leadership shall amplify its activities that will immediately and directly lead to results, but with a better appreciation and appropriate recognition of the country’s distinct and current needs. These current needs will be used as a platform for realizing sustainable development goals on both the national and international levels.”
The SDGs are a set of goals to end poverty, protect the planet, and ensure prosperity for all. This set of goals was adopted by UN-member countries on September 25, 2015 as part of Agenda 2030. Each goal has specific targets to be achieved over the next 15 years with the participation of governments, the private sector, civil society and the people.