UNDP Sustainable Finance Hub

📻 As climate negotiations continue this week at #COP29 in Baku -  the focus remains on a strong climate finance outcome for developing countries' mitigation and adaptation efforts, and critical loss and damage funding* 🌡️ Investments in nature-based solutions, social protection and health systems are being debated as equally critical to build #financialresilience irrespective of escalating disaster events. Promoting a culture of risk awareness, risk reduction and financial resilience has never been more critical to advancing development and protecting long term investments. To build awareness and knowledge sharing around this topic, UNDP’s Insurance and Risk Finance Facility and Milliman are hosting a discussion on “Understanding and financially managing risk to build resilience” 🗓️ Monday, November 25th, 2024 from 4pm-5:30pm CET. Join experts from across the risk-management universe - insurers, regulators, actuaries and development leaders - for direct insights and tools for decision-makers, including: ⚆ accurately pricing new, existing and bundled risks ⚆ developing innovative insurance products ⚆ the role of regulatory frameworks. Speakers include: 🔹Carolina Fuentes Castellanos, Director, Santiago network 🔹Dermot Corry, President and CEO, Milliman 🔹Elsa González, President of the Colegio Nacional de Actuarios, A.C. 🔹Jan Kellett, UNDP Global and Corporate Lead on Insurance and Risk Finance, Head of the Insurance and Risk Finance Facility 🔹Hope Murera, Managing Director and CEO, ZEP-RE (PTA Reinsurance Company) 🔹Laura Elena Rosado, Strategy and Performance Manager, AXA EssentiALL 🔹Mark Davies, Head of Disaster Risk Finance, Foreign, Commonwealth and Development Office 🔹Miguel Solana, Global Technical Lead, Inclusive Insurance Specialist, UNDP Insurance and Risk Finance Facility 🔹Pujan Dhungel, Director NEPAL INSURANCE AUTHORITY (Insurance Regulatory) 🔹 Saurabh Sharma, Insurance for Development Technical Lead, UNDP Insurance and Risk Finance Facility 🔹Steve White, Principal and Consulting Actuary, Milliman 🔹(MC) Ceandra Faria, Communications and Engagement Specialist, UNDP Insurance and Risk Finance Facility ➡️ Find out more: https://lnkd.in/edj94CUH ✒️ Register directly to join us online: https://lnkd.in/e5cGGPF7 To express your interest in joining us in person in Geneva please email 📧xinyue.cui@undp.org #SolutionsforaWorldatRisk *https://lnkd.in/dpe5PVgm

Blog: This is a pivotal moment to underscore the critical role of private finance in accelerating progress towards the Sustainable Development Goals (#SDGs), including those aligned with the Tri-COP goals. With an estimated $4.2 trillion annual SDG financing gap, leveraging private sector capital is crucial to meeting these urgent global challenges. Learn more: https://lnkd.in/eEddKCiQ UNDP #privatefinance #sustainabledevelopment

🌿 It’s #COP29 Day 6 and we’re talking about the role of technology and innovation in advancing climate action. ➡ If you’re in 📌 Baku, join us at the Pavilion in the blue zone for tech-driven climate solutions. 📅 For a full calendar of events, check out https://bit.ly/40JTxiH * Please note the schedule on the visual is subject to change. To ensure you are seeing up-to-date information, make sure to check out the link. United Nations Capital Development Fund (UNCDF) | Nizami Ganjavi International Center | UNDP Azerbaijan

Philanthropy is uniquely positioned to tackle the challenges that face the global food system, and in particular the small-holder farmers that contribute so much but are right in the frontline of our changing climate, and often lack the financial resilience needed in the face of rising risk and shock. Increasingly substantial finances, increasing technical capacity, flexibility of funding that sometimes is a challenge for a donor country, and in some cases possessing the unique ability of being able to leverage the expertise of a parent company or corporation, philanthropy offers much for development, but only, I argue, if financial resilience is increasingly built into everything they do. Ceandra Faria UNDP Sustainable Finance Hub

As COP29 is in full swing in Baku, Azerbaijan, Tom Beloe, Director of the UNDP Sustainable Finance Hub, and Christopher Marc Lilyblad, PhD, SDG Finance and NDC Policy Specialist at UNDP, discuss the critical connection between financing and achieving the Paris Agreement’s climate targets. Despite growing recognition of this link, emerging economies still face challenges in securing financing for climate action and investments in renewable energy. In 𝑴𝒖𝒍𝒕𝒊𝒍𝒂𝒕𝒆𝒓𝒂𝒍 𝑨𝒄𝒕𝒊𝒐𝒏 𝒇𝒐𝒓 𝑪𝒐𝒖𝒏𝒕𝒓𝒚-𝒍𝒆𝒅 𝑪𝒍𝒊𝒎𝒂𝒕𝒆 𝒂𝒏𝒅 𝑬𝒏𝒆𝒓𝒈𝒚 𝑭𝒊𝒏𝒂𝒏𝒄𝒊𝒏𝒈, they emphasize the need to build a sustainable financial architecture and to connect Nationally Determined Contributions (NDCs) under the Paris Agreement with efforts to meet the Sustainable Development Goals (SDGs). Open access to training in sustainable finance through UNDP’s SDG Finance Academy demonstrates how knowledge developed through multilateral action can be shared as a global public good. Beloe and Lilyblad underscore the essential role of international financial institutions (IFIs), who provide affordable financing to countries and act as “impact multipliers” that collaborate with investors to drive sustainable development. With an eye on the 2025 4th International Conference on Financing for Development, they call upon IFIs to join in the multilateral, multi-disciplinary commitment to build a sustainable finance architecture that benefits all people and the planet. Read the full think-piece here: https://lnkd.in/eZdxWHWW #Baku #COP29 #ClimateFinance #SustainableFinance #IFI #UnitedNations #NDCs #SDG #SDGs #ParisAgreement #Climate #ClimateChange Columbia | SIPA Hope Elizabeth Traficanti

🌍Could a new tax programme be the game changer in #Nigeria’s fight against multinational profit shifting?   In our latest blog, we discuss the recent launch of a new technical assistance programme by Tax Inspectors Without Borders (TIWB), a joint OECD - OCDE-UNDP initiative, and African Tax Administration Forum (ATAF). This programme aims to tackle transfer pricing in Nigeria’s vital oil and gas sector by equipping tax officials with the skills to conduct effective audits.   With the oil and gas sector serving as a primary revenue source, optimizing tax collection—especially from Multinational Enterprises (MNEs)—is critical to the nation’s economic growth. The programme specifically targets transfer mis-pricing, where MNEs shift profits to low-tax jurisdictions to minimize tax liability.   🔗 Read our full blog to learn more: https://go.undp.org/ojt UNDP Nigeria | UNDP Africa | UNDP West and Central Africa | Elsie Attafuah | Marcos Neto | Tom Beloe | Maxwell Gomera | Oyintare Abang | Saied Tafida Sulaiman

🗓 Join the UNDP-Milliman hybrid event “Understanding and financially managing risk to build resilience”, happening on 25 November at 16:00 CET / 10:00 EST. With financial losses from rising risks growing more significant and unpredictable, promoting a culture of risk awareness, risk reduction and financial resilience is essential for safeguarding sustainable development and protecting long term investments. This joint UNDP and Milliman event will unpack the strains of colliding crises on current risk management toolkits. Insurers, regulators, actuaries, and development organizations will share insights and tools for decision-makers on better understanding and managing risks. Areas of discussions will include the importance of accurately pricing new risks, developing innovative insurance products and the role of regulatory frameworks. ➡ Register to join online: https://lnkd.in/e5cGGPF7 ➡ Learn more about the event or express interest in attending in person in Geneva: https://lnkd.in/edj94CUH #financialresilience I Carolina Fuentes I Dermot Corry I Hope Murera I Jan Kellett I Elsa González I Mark Davies I Pujan Dhungel I Laura Elena Rosado I Miguel Solana I  Saurabh Sharma I Steve White I Ceandra Faria 

💡 Today at #COP29 it’s all about energy, peace, relief & recovery! We’re focusing is on fostering resilience through peace and sustainable transitions. ➡ Visit us in the blue zone for insights into peace and recovery in climate resilience. 📅 For a full calendar* of events, check out 🔗 https://bit.ly/40JTxiH * Please note the schedule on the visual is subject to change. To ensure you are seeing up-to-date information, make sure to check out the link. United Nations Capital Development Fund (UNCDF) | Nizami Ganjavi International Center | UNDP Azerbaijan

Keeping the ball rolling! 💪 After a successful roadshow in Jakarta, here are some images captured at the UNDP Private Finance for the SDGs' roadshow in Manila, where experts, investors, enterprises, and mentors from across the impact investing ecosystem gathered this week for the recent launch of the SDG Venture Scaler.  📷 The Philippines offers vast potential, especially for ventures in health care, education, and infrastructure. Based on our research, we’ve identified significant opportunities to innovate in areas like digital health care solutions, accessible education financing, waste management systems, and beyond. The SVS program was created specifically to address these challenges by connecting investors directly with participating ventures and facilitating deal-making. If you're a venture working in education, health care, or climate action in the Philippines, Indonesia, or Vietnam, we invite you to apply! https://lnkd.in/dVXpszYz #SDGVentureScaler #ClimateAction #Education #Healthcare #ImpactEntrepreneurs #Accelerator #StartUps #ScaleYourBusiness Creatella Impact | Development Organization Centre for Impact Investing and Practices (CIIP) UNDP Philippines UNDP in Asia and the Pacific

📣 Now available! UNDP Sustainable Insurance Forum (SIF) just released a report titled 'Supervisory Thinking on Insurance-related Climate Transition Plans'. ➡ This document offers valuable insights into the current supervisory landscape regarding transition plans. 🔗Press release: https://lnkd.in/dAPJv3y4