“The Alliance members are committing to cooperate across financial sectors and even with their competitors because it is both ethical and good business sense to invest in sustainable development for all people on a healthy planet,” Guterres said in a public statement.
According to the UN’s press release, the GISD Alliance will devise ways to stimulate long term investment in development both at the company and system-wide levels and speed up progress toward achieving the SDGs. The meeting was called to answer the most urgent challenges of the SDGs such as the alarming levels of youth unemployment, uneven growth, persistent poverty and trade tensions. In the social sector, rising global hunger, continued gender inequality and climate change were among the most pressing issues.
You may read UN press release here: https://www.un.org/sustainabledevelopment/blog/2019/10/gisd-alliance/