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Emerging economies are significantly behind schedule in achieving the 2030 Sustainable Development Goals (SDGs).
The COVID-19 pandemic has increased the investment gap in meeting SDG targets, particularly in emerging markets, by $1.7 trillion.
Sustainable finance is crucial to bridge the funding gap for SDG projects.
Fiscal incentives, such as tax holidays, are proposed to encourage sustainable finance, considering that SDG projects often yield lower economic returns than traditional ones.
The term "green" lacks a universally accepted definition and varies based on economic development, existing industrial structures, and resource availability.
Efforts are underway to establish a globally accepted green taxonomy to standardize disclosure standards and promote transparency in cross-border green investments.
Global policy support in key industries (electric vehicles, organic farming, biogas production, waste management, recycling, and carbon capture) is driving new product development and technological advancements.
Initiatives like the Global Methane Pledge are propelling opportunities for growth in these sectors, contributing to global sustainability goals.
Full disclosure of Environmental, Social, and Governance (ESG) activities is now considered an essential corporate responsibility.
Accurate data collection is imperative for ESG disclosure, and the application of blockchain with the Internet of Things (IoT) is highlighted to automate data collection and meet disclosure standards.
In my two decades in the sustainability space, I have witnessed a transformative shift from the traditional 3P model to our groundbreaking 6P framework. From policies shaping the inception to platforms ensuring accountability, this framework, encompassing everything from people and partnerships to measurable platforms, is not just a roadmap; it's the future of ESG sustainability and the circular economy. It's a call for data-driven policy making, collaboration, and verification, ushering in an era of genuine progress for both our workplaces and the planet we call home.”