Building Highways to SDG Invesing Invitation to collaborate on a Dutch susainable development invesing agenda December, 2016 ABBREVIATIONS “We invite the Dutch government and DNB to 2015 Agreements The 2030 Agenda for Susainable Development, the Addis Ababa Acion Agenda and the Paris Agreement on Climate Change collaborate with the undersigned to continue 2030 Agenda The 2030 Agenda for Susainable Development by the United Nations to take acion in support of the 2030 Agenda ACM Authority Consumer and Market AFM Autoriteit Financiële Markten DNB De Nederlandsche Bank / Dutch Central Bank for Susainable Development.” ECI Export Credit Insurance EMIR European Market Infrasrucure Regulation ESG Environmental, Social, Governance FIN Financial secor FTK Financieel Toetsingskader SDGI Signatories GIIN Global Impac Invesing Network GOV Government HLPF High-Level Political Forum I&M Infrasrucure and Environment OECD Organization for Economic Cooperation and Development REG Regulator SDG(s) Susainable Development Goal(s) / Global Goal(s) for Susainable Development SDGI initiative Susainable Development Goals Invesing Initiative SME Small-Medium Sized Enterprises TOSSD Total Ofcial Support for Susainable Development WG Working Group DISCLAIMER All information provided in this document is for information purposes only and is not, and does not consitute or intend to consitute, invesment advice or any invesment service as referred to in the Ac on Financial Supervision. 3 In 2015, world leaders from all secors signed of on three major susainability mandates - the 2030 Susainable Development Agenda, the Addis Ababa Acion Agenda, and the Paris Agreement on Climate Change. The 2015 Agreements provide a comprehensive, global srategy towards a fair, sable and susainable society. 4 5 INVITATION INVITATION Our Invitation Our world is in flux. Today, more than ever This Dutch SDG Invesing (SDGI) Agenda serves 1. Catalyze significant SDG invesment through As a country, we have a unique opportunity to set before, the private secor plays a critical role to reinforce our commitment and to ofer concrete the sysematic deployment of blended finance the tone for SDG invesing. We look forward to in safeguarding a susainable future for recommendations for ‘SDGI acion’ in context of insruments sharpening the content of the Dutch SDGI agenda up coming generations. In 2015, world leaders Dutch invesment value chains. It articulates 2. Make SDG invesment the ‘new normal’ by to this efec and to collaborating with our from all secors signed of on three major milesone achievements to date, priorities that we encouraging and enabling all Dutch retail colleagues, peers, and fellow initiatives to elevate susainability mandates: The Addis Ababa will collecively undertake, as well as ways in which invesors to inves with impac each of our individual SDG journeys and successes Acion Agenda, the 2030 Susainable individual insitutions will seek to make a diference. 3. Esablish an enabling SDGI data environment to one of national – and ultimately global – SDG Development Agenda, and the Paris Agreement Mos importantly however, it identifies areas where by simulating the uptake of susainability invesment success. on Climate Change. The 2015 Agreements we believe that collaboration with the DNB and the indicators and sandards provide a comprehensive, global srategy Dutch government will unlock greater SDG inves- 4. Identify and address acual and perceived towards a fair, sable and susainable society. ment and increase our net positive contributions to regulatory barriers and incentives to SDG However, a ‘crowding in’ of private and insitu- each of the seventeen SDGs – including SDG#17 invesment tional SDG invesment (SDGI) towards the which calls for greater collaboration between esimated $5-7 trillion in capital that is needed public and private secors. Our hope is that our atempt at articulating a each year1 to finance the Agenda, is not shared national SDGI Agenda will help lead to happening at the right pace and scale yet. As reinforced by the Addis Ababa Acion greater convergence, collaboration, and Agreement, we recognize that the government and coordination between a broad secrum of We, the undersigned financial insitutions, are regulatory supervisors are needed to fully realize acors. We are greatly encouraged by the commited to contribute to the SDG Agenda the financial secor’s contributing potential. We look resonance this Initiative has found already and view its underpinning 17 Global Goals as a at the government to help raise the profile of the with the Dutch government and by the new catalytic driver for positive change. We believe SDGs in The Netherlands, to provide policy support connecions that were forged as a result of that it is in our bes interes, as well as that of and catalytic funding insruments, and to deploy our consultation with them. our clients and invesees, to consider the innovative susainable finance approaches. larges societal challenges of our time in our Specifically, we invite the Dutch government and work and invesments. Eforts to date by the DNB to collaborate with the undersigned to undersigned to maximize the positive impac of continue to take acion in support of the 2030 the ˜2,800 billion Euros in assets we collecively Agenda in at leas four areas of acion: manage, are tesament to this. 1 Esimates are that $5-7 trillion of incremental annual invesment is needed to finance the SDGs, mosly for energy. This represents 7 to 10% of global GDP and 25-40% of annual global invesment – H. Kharas, J. McArthur, Brookings, 2016; UNCTAD, 2014 6 7 SIGNATORIES SIGNATORIES Signatories of the Dutch Financial Insitutions ABN AMRO Bank Achmea ACTIAM Aegon APG Caroline Princen, Jacob de Wit, George Coppens, Marco Keim, Gert Dijksra, SDG Invesing Agenda Member of the Chairman Achmea Chief Commercial Chief Executive Ofcer, Chief Strategy and Managing Board Invesment Ofcer Management Board Communication Management ASN Bank ASR Nederland Delta Lloyd FMO ING Groenbank Piet Sprengers, Jack Julicher, Ingrid de Graaf, Linda Broekhuizen, Geert Van De Guchte, Head of Susainability Chief Invesment Ofcer Executive Board Chief Invesment Ofcer Chief Executive Ofcer Member MN NIBC NN Group PGGM Rabobank Gerald Cartigny, Robin Willing, Jelle van der Giessen, Else Bos, Bas Rüter, Chief Invesment Ofcer, Senior Susainability Chief Invesment Ofcer Chief Executive Ofcer Direcor Susainability Managing Board Ofcer Robeco Triodos Bank Van Lanschot Kempen Peter Ferket, Head of Peter Blom, Karl Guha, Invesments, Member Chief Executive Ofcer, Chief Executive Ofcer, Executive Commitee Chairman of the Board Chairman of the Board Enabling Networks & Initiatives Impac Summit PYMWYMIC VBDO Europe (ISE) Katrin Ley, Angelique Laskewitz, Sophie Robé, Managing Direcor Executive Direcor Founder Phenix Capital SDGI Facilitators C-Change SDG Charter Coalition Carolien de Bruin, Herman Mulder, Founder & CEO Chairman of the Board 8 9 RECOMMENDATIONS RECOMMENDATIONS Recommendations are lised in A number of agenda seting 1. Contouren Agenda Verantwoord the sequence or timeframe by initiatives are taking place that Ondernemen (Pensioen Federatie) which they are expeced to be have overlap with our SDGI 2. ‘Next Level’ agenda (VNO-NCW) Recommendations mos relevant. Acions cut across priorities. Areas where such 3. Invitation to Collaborate on the SDGs the invesment value chain and synergies exis are highlighted. (NVB) are believed to have a significant Parallel initiatives are: 4. Platorm for Susainable We invite the Dutch government and DNB to collaborate with the undersigned to take acion in support of the catalytic efec on susainable Development (DNB) invesment, operations, and 5. SDG Working Group (UNPRI) 2030 Susainable Development Agenda. Priorities describe areas where financial secor (FIN), government (GOV), trade by Dutch acors. and/or regulator (REG) collaboration and acion is considered beneficial. Important to note is that not all Signatories will be involved across all 16 priorities, yet they are united by a shared commitment to the 2030 Agenda. 1 2 3 4 Blending Public & Mobilizing Retail- Stimulating Ensuring a Supportive Private Capital Oriented Impac Capital Data Standardization Regulatory Environment GOAL: Catalyze significant SDG invesment GOAL: Make SDG invesment ‘the new normal’ GOAL: Esablish an enabling SDGI data GOAL: Identify and address acual and through the sysematic deployment of blended by encouraging and enabling all Dutch retail environment by simulating the uptake of perceived regulatory barriers and incentives finance insruments invesors to inves with impac susainability indicators and sandards to SDG invesment RECOMMENDATIONS: RECOMMENDATIONS: RECOMMENDATIONS: RECOMMENDATIONS: 1.1 FIN: Set insitutional targets for susainable or 2.1 ALL: Launch an SDG campaign to increase 3.1 FIN: Collaborate to determine a selec set 4.1 REG: Conduc further research and publish SDG invesing as feasible, and proacively awareness of the SDGs and flag the opportunity of SDG indicators for tracking insitutional a summary of barriers and incentives, including address internal barriers to SDGI (4) for all to inves in the 2030 Agenda SDG invesments, that can be used to track a clarification of areas where barriers are 1.2 FIN/REG: Pool insitutional funds and 2.2 FIN: Promote the relevance of a long-term and compare susainable development perceived but do not exis (4) resources where feasible to enable economies invesment approach and inclusion of SDG invesments (4) 4.2 ALL: Ensure SDG transarency by of