The centre will act as an international hub from which the finance community based in Ireland will help develop a response to sustainability.Its aim will be to help finance firms to design and implement new financial mechanisms that will help with the movement to a net-zero economy.
The centre is one of the targets of the Government's Sustainable Finance Roadmap and will help deliver the Ireland for Finance Strategy 2025."Sustainable finance is critical for Ireland’s future growth in financial services ensuring the industry has the strategies and skills needed to take action," said Minister for Further and Higher Education, Research, Innovation and Science Simon Harris.
"The collaboration between my Department and the Department of Finance through Skillnet Ireland, Sustainable Finance Ireland, the UNDP and EU Climate-KIC to develop the Centre will support the sector’s future talent development needs and inspire new people to enter this growing new area of work.
"The moment is right for leading financial centres to take a quantum leap to transition in this direction; in doing so, serve the needs of the real economy and support efforts at limiting climate change and biodiversity loss.""The International Sustainable Finance Centre of Excellence will help in addressing the challenge of the current finance model not working for both the people and the planet," said Marcus Netto, Director, UNDP Sustainable Finance Hub.