To create the world’s first public sculpture conveying the transformational power of green finance in global markets.
It’s now 30 years since the first environmentally responsible funds were launched, and for a long time, sustainable investing and its products were a niche market. Today, green finance or sustainable finance is critical to the global economy, as well as being a vital tool to deliver the Paris Agreement and the Sustainable Development Goals. It’s also giving a new purpose to the finance profession itself and changing how financiers think about traditional investment portfolios, banking, credit and even fintech.
Despite the good progress, current financial flows are still well below what is required to deliver the trillions of dollars needed to finance the Sustainable Development Goals and the Paris Agreement.
Make Green Finance Visible. A Global Movement
“We need to be confident about placing visual markers in all the financial cities of the world to make green or sustainable finance more visible. Everyone should think about how they can support a more visual expression of green finance and how best to mark the next 30 years in a very powerful way.” Tessa Tennant (June 28, 2018). See a video here.
If we are to make green finance the transformational force it needs to be in the global financial system, it needs to be a celebrated and visible part of our cities and work culture. It needs to become a global movement, inspiring our norms and beliefs and the touchstones that drive our everyday behaviour as professionals in the field.
Sculpture and the wider notion of public art, can often be the best way to depict complex notions, as it simultaneously speaks to our intellect and imagination. It can catalyse a deepening of thinking between individuals and communities and inspire us on what comes next.
A Symbol of the Movement
We hope that the sculpture will become a symbol of the movement, a focal point for the finance community to reflect upon the impact of their trades and be in place many years from now. We also want the sculpture to be a global inspiration, adapted across the world.
We take inspiration from the Fearless Girl by Kristen Visbal commissioned by State Street Global Advisors in 2017, with her hands on her hips defiantly staring down the iconic Wall Street Charging Bull. The statue was originally created to spark discussion around the importance of increasing the number of women on corporate boards. She has since become a symbol of many things: from female leadership, to a reminder that we all need to fight harder for a sustainable future for younger generations.
What could a sculpture on green finance become a symbol of? We are excited to be working with the art world on this and look forward to realising their unique vision.