On Thursday 19 January 2017, at the World Economic Forum in Davos, UNEP FI member ANT Financial Services and UN Environment launched the ‘Green Digital Finance Alliance’ a ground-breaking initiative to harness digital technologies in catalyzing financing that addresses global environmental challenges.

Financing sustainable development is one of the greatest challenge of our times. To meet this challenge will require ambition, innovation, and commitment, underpinned by effective collaboration. Digital finance can drive environmental risks, opportunities, incentives and choices into the decision-making across the financing value chain. One such innovation is Ant Financials’ app which provides its users with a carbon account alongside their credit and saving accounts.

“The Green Digital Finance Alliance is a unique partnership ensuring that we can align tomorrow’s fintech-powered global financial system with sustainable development. UN Environment is honoured to partner with Ant Financial in making green finance an integral part of the daily life of every individual and business”, said Erik Solheim, Executive Director of UN Environment.

Please read the full press release here. Find out more about Ant Financial and UNEP FI here.

Read more about the Green Digital Alliance in an article from UN Environment Inquiry.