ILN, MDBs and SIF to accelerate collaboration on sustainable initiatives

January 23, 2019

Leaders from the Investor Leadership Network (ILN) and Multilateral Development Banks (MDBs) are pleased to announce the start of discussions to establish a partnership and accelerate their collaboration around ongoing ILN initiatives.

After a productive meeting facilitated by the Sustainable Infrastructure Foundation (SIF) this morning in Davos, leaders of the private and public investment institutions are looking forward to seeing their increased collaboration fuel the momentum driving sustainable investment worldwide.

Created in June 2018, under Canada’s presidency of the G7, ILN comprises a group of twelve leading institutional investors, representing over $6 trillion of assets under management working together to facilitate and accelerate collaboration on key issues related to sustainability and long-term growth. Since its launch, the ILN has focused on three critical issues: capacity-building for sustainable infrastructure development, improved climate change disclosures, and increased diversity in the financial industry.

The long-term mindset and overall objectives of the ILN are particularly well-aligned with MDBs’ mandates. Furthermore, MDBs’ unique capacity and experience in sustainable development, as well as their extensive field presence around the world make them natural partners for ILN initiatives. In this context, ILN and MDB leaders consider there is a great opportunity to increase the impact of their respective activities through closer collaboration, active networking and expertise sharing.

The parties agreed that upcoming discussions would include the three topics covered by ongoing ILN initiatives and would focus on concrete actions in all regions covered by participating MDBs.

SIF, a strategic partner to both the ILN and MDBs, and a key participant in the delivery of the Sustainable Infrastructure Fellowship Program (one of ILN’s 3 initiatives) will continue the role it has played in identifying present and future opportunities for collaboration.

As technical discussions will start taking place over the coming weeks, parties have agreed to reconvene as a group during the 2019 WBG-IMF Spring Meetings, in Washington DC, where a progress report will be issued.

The meeting was attended by representatives from the African Development Bank, the European Bank for Reconstruction and Development, and IDB Invest, a member of the Inter-American Development Bank Group. The following investors attended on behalf of ILN members: CDPQ, OTPP, Natixis Investment Managers, Generali, CPPIB and OMERS.

About the Investor Leadership Network (ILN): Launched in 2018 to facilitate and accelerate collaboration by leading global investors on key issues related to sustainability and long-term growth, the ILN comprises a group of twelve investors representing over $6 trillion of assets under management. ILN operates as an open and collaborative platform, with a focus on concrete initiatives under the leadership of member investors. ILN’s creation was a direct outcome of Canada’s 2018 presidency of the G7.

About the Sustainable Infrastructure Foundation (SIF): SOURCE is the multilateral platform led and funded by multilateral development banks in order to support governments to define, prepare, tender and manage their infrastructure projects. SIF, a not-for-profit foundation based in Geneva, coordinates the provision and customization of SOURCE for its user countries, and ensures the development and maintenance of the software. For more information: http://public.sif-source.org

About the African Development Bank (AfDB): Established in 1964, the African Development Bank is the premier pan-African development institution, promoting economic growth and social progress across the continent. There are 80 member states, including 54 in Africa (Regional Member Countries). The Bank’s development agenda is delivering the financial and technical support for transformative projects that will significantly reduce poverty through inclusive and sustainable economic growth. For more information, visit www.afdb.org

About the European Bank for Reconstruction and Development (EBRD): The EBRD was set up in 1991 after the fall of the Berlin Wall to meet the challenge of an extraordinary moment in Europe’s history: the collapse of communism. It is a multilateral bank with 69 shareholders which promotes the development of the private sector and entrepreneurial initiatives in 38 economies across three continents. 

About IDB Invest: IDB Invest, the private sector institution of the Inter-American Development Bank (IDB) Group, is a multilateral development bank committed to supporting businesses in Latin America and the Caribbean. It finances sustainable enterprises and projects to achieve financial results that maximize economic, social and environmental development for the region. With a current portfolio of $11 billion under management across 362 projects in 22 countries, IDB Invest works across sectors to provide innovative financial solutions and advisory services that meet the evolving demands of its clients.

Media contact

CESALTINE GREGORIO
Senior Advisory Director, Global Media Relations, CDPQ
+1 212 596 6314
cgregorio@cdpq.com