Global Investors for Sustainable Development Alliance

The GISD Alliance at the B20 Summit in India

Aug 28, 2023

The Business 20 (B20) Summit took place on 25-27 August in New Delhi, India. The B20 is the official G20 dialogue forum with the global business community, which aims to deliver concrete actionable policy recommendations on priorities identified by the Presidency to spur economic growth and development.

On the sidelines of the B20 Summit, GISD Alliance member Ms. Shinta Kamdani (CEO of Sintesa Group) participated in the event "Driving the 2030 Agenda through Responsible Business Actions" organized by the United Nations in India (the UN Resident Coordinator's Office and the United Nations Development Programme) in partnership with the Confederation of Indian Industry. The panel emphasized the role of business in achieving the 2030 Agenda and strengthening responsible business actions, identified key challenges faced by business in creating resilient, sustainable, and equitable value chains, and discussed the role of corporate non-financial disclosures in driving sustainable development.

Ms. Kamdani highlighted GISD as a global, cross-sectoral, and collaborative initiative that develops solutions to addressing some of these key challenges, outlining the Sustainable Development Investing (SDI) definition, the SDG-related sector-specific metrics, the updated model mandate, and the Sustainable Infrastructure Investment Platform (SIIP). Ms. Kamdani called on all stakeholders - from global companies to local SMEs - to commit to the 2030 Agenda.

A recording of the event can be viewed here.

At the B20 Summit, the B20 conveyed its final recommendations to the G20 Presidency. The GISD Alliance and its members have actively engaged with the B20 on its recommendations related to the work of the Alliance. GISD members Standard Chartered and Amundi were Co-Chairs of the Task Force on Financing for Global Economic Recovery and ENEL and CDPQ were Co-Chairs of the Task Force on Energy, Climate Change and Resource Efficiency.

Within the B20's recommendations to the G20, GISD's work is included in the Policy Paper on Financing for Global Economic Recovery

  • GISD's Sustainable Development Investing (SDI) definition is suggested as a tool for aligning finance with the SDGs under Policy Action 2.1: Enhance existing capacity and capability of domestic financial sectors in G20 countries for addressing SDGs financing gap (page 46).
  • The Sustainable Infrastructure Investment Platform (SIIP) is provided as an example of a blended finance structure under Policy Action 4.1: Foster public and private-sector partnership to ramp up spending through innovative and sustainable financing models for bridging infrastructure financing gap while promoting sustainable energy development (page 74).