International Sustainable Finance Centre of Excellence launches in Ireland
The International Sustainable Finance Centre of Excellence has been launched in Ireland to aid in the delivery of skills needed for the financial services community to finance a net-zero future. The Centre will be an international hub from which the Irish-located finance community will develop its response to sustainability demands.
Launched on the opening day of Climate Finance Week Ireland, the Centre is a key output of the Sustainable Finance Roadmap, which has been developed by Sustainable Finance Ireland in partnership with Skillnet Ireland, and in collaboration with the United Nations Development Programme (UNDP), the Department of Finance and international partners.
The Centre will lead on research, talent development and leadership activities to support the design and implementation of innovative financial mechanisms to facilitate the transition to a net zero economy in Ireland and internationally. It will also play a critical role in delivering the Sustainable Finance Roadmap and ‘Ireland for Finance Strategy 2025’ which aims to position Ireland as a global centre of sustainable finance by 2025.
Working with key stakeholders, it is planned the Centre will be fully operational by mid-January 2023.
Paul Healy, chief executive, Skillnet Ireland, said the establishment of the Centre will help “position Ireland as a world leader in sustainable finance by developing the talent, knowledge and expertise needed by businesses. It is a key part of the government’s Ireland for Finance Strategy 2025. Skillnet Ireland is committed to delivering initiatives that support industries to adopt sustainable practices and this launch is also a key step in achieving Ireland’s climate goals. We look forward to further research and international collaboration in the future to build on this vital step.”
“Sustainable finance is critical for Ireland’s future growth in financial services ensuring the industry has the skills needed to meet our climate objectives,” said Minister for Further and Higher Education, Research, Innovation and Science Simon Harris, speaking at the launch. “This centre of excellence will help the planet, but it is essential to the future proofing of the economy. This centre will work with customers, colleagues, and communities to support their transition to a resilient, net zero economy by 2050. The collaboration that has developed the centre is key. Those partnerships will support the sector’s future talent development needs and inspire new people to enter this relatively new area of work.”
This is one of several activities being delivered throughout Ireland’s fifth Climate Finance Week; including supporting the launch of Ireland’s first sustainable finance fintech strategy; going live with the world’s first Postgraduate Diploma in Sustainable Finance for Compliance Professionals in partnership with Sustainable Finance Skillnet; and IFS Skillnet supporting the development of Ireland’s Sustainable Finance Roadmap Action Plan 2023.
Alongside Skillnet Ireland, some of the firms that are supporting the work of Centre include AIB, Bank of Ireland, Deloitte, Eirgrid, FD, Goodbody, IDA Ireland, Irish Life Investment Managers, KPMG, Maples Group, Mazars, PTSB, PwC and TD Securities.
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