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The banking sector and the SDGs: interconnections and future directions

In: A Research Agenda for Social Finance

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  • Olaf Weber

Abstract

The Sustainable Development Goals (SDGs) define the main goals to achieve sustainable development until 2030. It is estimated that $5 to $7 trillion will be needed annually until 2030 to achieve the SDGs, with domestic governments providing up to 80 percent of the funding for the SDGs. Hence, the SDGs might be an opportunity for the financial industry to further establish sustainability principles and to engage in financing sustainable development. This chapter recommends that future research on the topic should address the analysis of negative impacts of banking on the SDGs, contribute to the understanding the net gain of banking on the SDGs; analyzie ng the additionality of SDG finance; help understanding financial risk and opportunity of SDG banking for individual SDGs; explore types of SDG finance products and services.

Suggested Citation

  • Olaf Weber, 2021. "The banking sector and the SDGs: interconnections and future directions," Chapters, in: Othmar M. Lehner (ed.), A Research Agenda for Social Finance, chapter 8, pages 175-198, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:19308_8
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