UBS social impact initiatives aim to support the UN's Sustainable Development Goals (SDG), recommends opportunities for impact investment in the infrastructure needed for these fast growing cities.
"Emerging markets are forecast to account for almost two thirds of global infrastructure spending by 2025 – totaling $5.5 trillion", says Mark Haefele, global chief investment officer for UBS Wealth Management. "Investing in sustainable urban infrastructure that is affordable, accessible and sustainable will lead to a secure future, both financially and in terms of healthy living and life expectancy. The two come hand in hand."
As World Cities Day is marked on October 31, the focus is on attaining the UN's Sustainable Development Goal (SDG) 11 to make cities "inclusive, safe, resilient and sustainable."
The UN has called for collaboration with the private sector in order to achieve the global goals. Citing the Better Business Better World report, Private Sector Program Analyst at UNDP, Nazila Vali, says the goals could open up an estimated $12 trillion in market opportunities in four areas: food and agriculture, cities, energy and materials, and health and well-being.
"Inclusive business practices can help achieve the Sustainable Development Goals while opening up new market opportunities for companies," she affirms.
Boeri's vision is that Liuzhou will be the first of a series of sustainable mini-cities across China, providing a green road map, and inspiring others to boldness, innovation and sustainability as they re-design our urban landscape.