“…we will see changes in capital allocation more quickly than we see changes to the climate itself. In the near future – and sooner than most anticipate – there will be a significant reallocation of capital.”
Sustainable investing assets are now estimated at over US$30 trillion (as of 2018) and will continue to grow rapidly based on demand from investors, businesses and companies around the world. As the world grapples with climate change, we expect significant capital shifts into sustainable strategies. In ASEAN, it is estimated that US$200 billion flow of green finance is needed every year till 2030. Given current annual flows of US$40 billion, there needs to be a concerted effort in bridging this financing gap.
How can we enhance the role of capital markets to support the needs of this region? How can we accelerate sustainable investing? What are the regulatory hurdles to sustainable finance? What are the financing instruments available and how can we more effectively crowd in capital?
BlackRock, International Finance Corporation (IFC) and Temasek will convene the first-ever Singapore Sustainable Investing & Financing Conference (SSIFC) on 30 September 2021.
Themed “Bridging the Gap – Advancing Asia’s Sustainable Future”, the conference is designed to spark deep conversations about the drivers needed to catalyse sustainable investing and financing. Leveraging the combined networks and expertise across our three organisations, SSIFC will bring together key actors from the Asia-Pacific region, including senior level representatives from central banks, SWFs, financial institutions, private banks, government agencies and corporations.
Please check back for updates on the conference programme and speakers.
This is issued by BlackRock and does not constitute investment advice or an offer or solicitation to purchase or sell in any securities, BlackRock funds or any investment strategy nor shall any securities be offered or sold to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Risk is inherent in all investing. © 2020 BlackRock, Inc. All Rights Reserved. BLACKROCK is a registered trademark of BlackRock, Inc. All other trademarks are those of their respective owners.