OVER A DECADE OF SUSTAINABILITY JOURNEY
European Organization for Sustainable Development (EOSD) formally begins its sustainable finance initiatives. Among other activities, it enters into a collaboration with the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP). The host City of Karlsruhe, Germany becomes a partner of EOSD in its activities, which included promoting of sustainable finance across the globe.
EOSD launches Global Sustainable Finance Network and in cooperation with ADFIAP and under the auspices of the World Federation of Development Finance Institutions (WFDFI). It organizes the first Global Sustainable Finance Conference which was held in Karlsruhe, Germany.
The Association of African Development Finance Institutions (AADFI) join hands with EOSD in the field of sustainable finance forming an international consortium to actively promote integration of sustainability in the financial industry with strong focus on emerging and developing economies.
In cooperation with associations and the international partners, EOSD and the City of Karlsruhe announced the launch of Karlsruhe Sustainable Finance Awards to honour financial institutions from around the world that demonstrate outstanding contributions in the field of sustainable banking and finance.
Karlsruhe awards were conferred to the first batch of financial institutions in the following three categories:
- Best Innovation in Sustainable Financial Products & Services
- Outstanding Sustainable Project Financing
- Outstanding Business Sustainability Achievement
Innovation, Digitalization and Technology became an integral part of all sustainable banking and finance programs.
UN Sustainable Development Goals (SDGs) were incorporated in all the activities.
In a ceremony hosted by the Lord Mayor of Karlsruhe, Dr. Frank Mentrup, the Karlsruhe Resolution for Implementing the SDGs was adopted by the members of Global Sustainable Finance Network and a wide range of other stakeholders, including Central Banks and Governments.
The groundbreaking Sustainable Standards and Certification Initiative (SSCI) for Value-Driven Financial Institutions was launched and first four applicants were admitted in the initiative.
The international partners joined EOSD and the City of Karlsruhe in signing a Memorandum of Understanding to start the Financing 4.0 Program. The ceremony was held at the Process Automation World, Siemens Industry Park in Karlsruhe, Germany.
Association of National Development Finance Institutions in Member Countries of the Islamic Development Bank (ADFIMI) joined the international consortium.
International Sustainable Finance Organisation was formed.