In 2015, the United Nations General Assembly set a collection of 17 global goals called the Sustainable Development Goals (SDGs). These goals are considered to be the blueprint to achieving a more sustainable future by the year 2030.
While organizations work to advance these goals, there remains a significant gap between the capital needed to address global environmental challenges, and what is currently being spent. The capital required to successfully tackle the SDGs is estimated at approximately $6 trillion per year; the current annual funding gap is as much as $3 trillion.
Government alone can’t solve these challenges, nor can philanthropic giving. Private-sector leadership and investment is critical to drive change. At Bank of America, we’re deploying $445 billion (2007-2030) in capital and working alongside clients and partners to accelerate the transition to a low-carbon, sustainable economy, drive innovative thinking and advance the SDGs.
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