UN says Asia’s social enterprises face $2.5T funding gap
By Leah Marie Angelou
The United Nations Development Programme (UNDP), the UN’s global development network, says there is a $2.5 trillion funding gap for social enterprises in Asia. Filling this gap is necessary to help meet the UN’s Sustainable Development Goals (SDG), such as eradicating poverty, improving health and education, and enhancing environmental sustainability.
As such, Xu Haoliang, the UNDP’s Assistant Secretary General, calls on private investors— pension funds, high net worth individuals and big institutional investors—to increase their participation to channel more money into social enterprises with impact investment projects in Asia, as reported by the South China Morning Post.
Photo courtesy of John Twohig.