Financial
institutions in the country have been tasked to adopt sustainable finance
practices, which will ensure that economic development is not achieved at a
cost to the nation’s ecosystem and future generations.
Speaking
at workshop in Abuja, for board members of Financial Services Regulation
Coordinating Committee organized by Financial sector regulatory bodies, in collaboration
with the United Nation Financial Initiative, Special Adviser to the CBN Governor on sustainable banking, Dr. Aisha Mahmod, called for the pursuit
of sustainable development concepts which will create a balance between
environmental protection, social equity and economic development.
She said ''As you are aware, many of the Earth’s ecosystems are nearing critical tipping points of depletion or irreversible change, caused by high population growth and economic development (UNEP, 2015). According to United Nations Environment Program (UNEP, 2015), there is growing evidence that people are consuming far more natural resources than what the planet can sustainably provide. With the global human population projected to reach 9.6billion by 2050, we will need three planets to sustain our way of life, if the current consumption and production patterns remain unchanged.''
Dr. Mahmod urged
FSRCC member agencies to build on the momentum by supporting and promoting the
evolution of an economy driven by sustainable finance.
Speaking
further Deputy head UNEP-Finance Initiative, Yuki Yasui, emphasized that Financial Services Regulators have an
integral role to play in the acceleration to a sustainable growth and make a
positive difference to the future generations.
The United Nations
Sustainable Development Goals which will be adopted in September, 2015; are
developed to address the challenges of economic development, social inclusion,
environmental sustainability and good governance.
No comments:
Post a Comment