Capital as a Force for Good
Capitalism for a
The 'Capital as a Force for Good, Capitalism for a Sustainable Future' Report 2021 examines the initiatives and commitment of the world's leading financial institutions. The United Nations Sustainable Development Goals (UN SDGs) face a financing gap that has soared to up to US$100 trillion in the wake of COVID-19 and other urgent global challenges. Additional annual funding worth roughly a tenth of global economic output will be needed every year to meet the SDGs by the deadline of 2030. Finance industry leaders have significantly increased their engagement in this regard, committing a record US$9.5 trillion in sustainable financing to 2030. Closing such a gap will require a global multi-stakeholder effort and a new consensus to be reached on how that can be achieved as a matter of urgency.
For HDFC, Hope Begins at Home: Caring for People and the Planet
India has a large and growing housing shortage with 29 million households inadequately housed, which has likely been further exacerbated by the coronavirus pandemic. As the largest private sector mortgage financier in the country today, the pandemic has reinforced Housing Development Finance Corporation's (HDFC) core mission to be a 'force for good' that drives systemic change through financial and social inclusion across the country.