Interesting article below on JPM creating a $100 billion finance...

Interesting article below on JPM creating a $100 billion finance arm to specifically target the U.N's Sustainability Development Goals (S.D.G's).
(of which, for those who have forgotten, DNK's Colluli project meets an unprecedented 13 of the 17 goals)

JPM (and others) are going beyond simple ESG investing.
It is now about meeting these goals.
And it looks like this is the way our finance/investing world is heading.
It is happening very fast and will probably be bigger than anyone can imagine.

If you google 'Standard Chartered + SDG's' there is a 12MB report titled 'Opportunity 2030'.
Standard Chartered expect Ten's of $Trillions of dollars to flow into investments in developing economies over the coming years to meet these sustainability goals.


JP Morgan Creates $100B Funding Arm To Help UN

Posted on January 21, 2020

JPMorgan has created a $100 billion funding arm — the JPMorgan Development Finance Institution (DFI) — to expand investments in emerging markets and help the United Nations (U.N.) meets its Sustainable Development Goals, JPMorgan announced on Tuesday (Jan. 21).

JPMorgan consulted with other development institutions to develop defining principles to ascertain the prospects most likely to produce both financial and developmental gains.

“By defining eligible transactions and anticipating their impact, we can help attract much-needed private investment to developing countries,” said Daniel Pinto, co-president of JPMorgan Chase and CEO of the Corporate & Investment Bank. “Our aim is to increase engagement with clients and investors interested in financing critical projects and transactions in emerging markets.”

The DFI will be headed by Faheen Allibhoy, a country manager responsible for JPMorgan’s West African division. She brings nearly two decades of experience at the International Finance Corporation.

“It’s an honor and privilege to join JPMorgan’s DFI,” said Allibhoy. “JPMorgan’s global scale, expertise, and suite of financing capabilities provide an excellent platform to make a real difference in emerging markets.”

The U.N is striving to tackle a host of issues in developing countries — from infrastructure and food security to climate change and health — by 2030. The investment gap is roughly $2.5 trillion of the estimated $5-7 trillion that is needed annually to address these issues. The JPMorgan DFI intends to shrink that gap.

JPMorgan anticipates that the DFI will bring more backers to assist with funding emerging economies. Last year the firm served people in 82 of the 144 World Bank-eligible borrowing countries.

It estimates the firm can finance development projects valued at more than $100 billion annually.