JPMorgan Says New SDG Guidelines to Empower Impact Investors [BNN Bloomberg (Canada)]
JP Morgan Chase & Co. (JPM)
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Source: BNN Bloomberg
JPMorgan Chase & Co., together with Natixis Corporate & Investment Banking, has led a group of financial firms in putting together a set of guidelines that the biggest US bank characterizes as a game changer in impact investing. The goal is to bring more structure to impact reporting from governments and corporates in order to help investors single out SDG-aligned projects and activities, according to Arsalan Mahtafar, co-chair of the taskforce and head of JPMorgan's development finance institution. “This helps investors identify companies that are managing their business, not just for financial returns, but also positive SDG impacts,” Mahtafar said in an interview.“And by just connecting those entities to the investors that have similar objectives, and empowering them with the right data, we think that just really helps us take additional steps towards bridging that financing gap.” Read More: Analyzing the Sustainable Development Goals With BI's SDG Model The 17 Sustainable-
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