Media News- Force for Good

Comment: How to overcome the $137 trillion shortfall to fund the Global Goals

The signing of a political declaration to accelerate progress against the Sustainable Development Goals, at the U.N. General Assembly this week, is a welcome and urgently needed step in the right direction.

Clear solution pathways show that the UN Sustainable Development Goals can be achieved by their 2030 deadline despite their rising costs

With only seven years remaining to their 2030 deadline, meeting the UN Sustainable Development Goals will require a global effort to mobilize capital, resources and stakeholders on a scale never seen before, the latest Capital as a Force for Good annual report finds.

SDGs in Jeopardy: Massive Funding Effort Needed, New Research Finds

Progress on the United Nations Sustainable Development Goals (SDGs) has stalled and in some cases reversed, exacerbated by a funding shortfall of up to US$137 trillion, raising the risk of failure by the 2030 deadline, the latest Capital as a Force for Good annual report finds.

Global SDG Funding Gap Persists, but Solutions Exist, New Research Finds

A new report identifies six solution areas that can essentially address the UN SDGs and can over-deliver relative to the targets if rolled out at scale across the world.

UN Human Security Unit

New findings reveal that shortfalls in SDG funding can be tackled and lead to even greater impact. We need to refocus efforts on amplifying proven initiatives that can be expanded or replicated.

SDG Investment Fair 2023

Force for Good contributing to progress on the SDGs

CES Technology Trade Show Adopts Social Theme

Reuters - 7 January 2023 - Working to improve the human condition ultimately pays dividends, said Ketan Patel, a longtime Goldman Sachs banker who now runs the Force for Good Foundation. "If you add to the purpose of every tech company, all of a sudden you have a moral purpose, you have something that could be hugely profitable," Patel said, "because your technology reaches a customer base that (previously) was not profitable."

Technology Can Bridge the Cost Gap to Help Achieve SDGs

SG Voice - 5 January 2023 - Force for Good sees tech silver lining amid SDG achievement gloom. Focused on the 100 largest tech companies in the world, representing more than two-thirds of total industry revenues, the report analyses companies in the “Broader Tech Sector”.

Can Tech be a Force for Good? It's Complicated.

Grid - 5 January 2023 - Technology is uniquely capable of addressing global problems ranging from educational gaps, climate change and unequal access to financial services, said Ketan Patel, chairman of Force for Good. But he also acknowledged the industry's potential to do harm. “The flip side of everything we said about technology and its potential to do good is you know, there is a darker, less positive other side,” said Patel. “So if two-thirds of the world connected then one-third is left behind, which is a big deal.”

Report: Technology Could Cut Cost of SDG Delivery by 40%

Edie - 4 January 2023 - That is the headline conclusion of a new report from the Force for Good initiative, which convenes financial institutions to collaborate on the deployment of capital for sustainable development. In the face of these new and evolving challenges, the new report looks at how technologies could be deployed to reduce the costs of SDG delivery in a manner that also paves the way for more inclusive global economies.

Technology Investments Could Reduce Cost of UN SDGs by US$55 Trillion, According to Force for Good Initiative

ESG News - 5 January 2023 - With the world currently failing to pursue and fund the United Nations Sustainable Development Goals (UN SDGs), the Force for Good Initiative today reveals that technology can help bridge this gap by up to 40% and lay the foundations for future prosperity. New analysis by Force for Good shows that technology is likely to determine whether the UN SDGs can be met, with investments in critical areas able to dramatically reduce the growing funding gap.

Jon Miller And Ketan Patel Are Mobilizing Capital For Good

FINTECH.TV – 10 Oct 2022 - Jon Miller and Ketan Patel are on a mission to mobilize capital as a force for good. They believe that sustainable development is key to making the world a better place for future generations. Tune in to TheIMPACT with Vince Molinari to discover how we can all help make sustainable development happen.

U.N. Sustainability Goals will Cost $176 Trillion to Achieve: Report

The CSR Journal - September 9, 2022 - According to a new report released on Thursday, the cost of achieving global goals to combat problems including hunger, poverty, and climate change increased by 25% to $176 trillion over the previous year as the performance on some of the indicators reversed.

UN Needs $176 Trillion To Meet Sustainability Goals

Business Times - 9 September 2022 - As per the Force for Good Initiative (FFGI) research, the funding gap for the UN's Sustainable Development Goals (SDGs), a set of 2030 targets supported by all member nations, increased even more over time, rising 35% to US$135 trillion.

Cost to hit U.N. sustainability goals rises to $176 trillion – report

London - Sept 8, 2022 - The cost of meeting global targets to fight issues such as hunger, poverty and climate change rose 25% to $176 trillion over the last year, with performance on several measures reversing, a report on Thursday said.

2022 Capital as a Force for Good Report Highlights SDGs at Risk Due to Global Shocks

London – Sept 9, 2022 - Force for Good’s 2022 Capital as a Force for Good report has revealed that the funding gap for sustainable development has widened to up to US$135 trillion, despite record inflows by private sector financial institutions during the past year

Force for Good on FintechTV's 'The Impact' Discussing The Growing Ambition of Finance Industry Leaders in Funding the SDGs

New York – Dec 21 2021 – Ketan Patel, the Founder and Chairman of Force for Good, joins Vince Molinari on FintechTV's The Impact to discuss the true size of the SDG funding gap and the increasing awareness of the finance industry on the need for action, with industry leaders becoming increasingly proactive deploying their balance sheets in pursuit of sustainable development objectives.

Force for Good reveals $100 trillion financing gap for sustainable development ahead of United Nations General Assembly debate

London, UK – September 17, 2021 – 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, according to a new report by Force for Good in collaboration with the UN and other organizations.

New Report Examines the Critical Role of the Global Finance Industry in Transforming Capitalism for a Sustainable Future

The report has been produced in support of the UN Secretary General’s strategy and roadmap for financing the 2030 Agenda for Sustainable Development, and spotlights the substantial and growing ‘common ground’ in the finance industry’s focus on ESG sustainability and broader stakeholder engagement which has the potential to transform capitalism for a sustainable future.

Future Capital Initiative Seeks Common Solutions to Common Challenges

A cross-disciplinary meeting of minds considers the major challenges facing humanity and the planet while taking into account multidisciplinary insights, perspectives and stories.

Changing the Way Capital and Finance are Allocated

More sustainable pathways for business charted in reconvened special United Nations working group focused on the future of capital.

Launch at UN Conference ‘Global Leadership in the 21st Century’

Launch of the Future of Capital project at the UN-WAAS Conference in Geneva, Switzerland, as part of the Global Leadership in the 21st Century Series.

Force for Good in the Media