Target 17.3: Mobilize additional financial resources
Mobilize additional financial resources for developing countries from multiple sources
Owners remove an obstacle nothing else removes. Others must also act.
Why shareholder democracy is necessary
Private companies are a major source of the flows this target counts. FDI to developing countries was 867 billion dollars in 2023, and remittances to low- and middle-income countries were 669 billion dollars. Officially mobilized private finance was 55.3 billion dollars in 2022, and UNCTAD reports SDG-linked investment fell more than 10 percent in 2023. Corporate conduct shapes both volume and cost. The global average cost of sending a 200 dollar remittance was 6.4 percent in 2023, more than double the 3 percent SDG target. That price is set by money-transfer firms and banks. Owners of banks, asset managers and multinationals can supply a necessary input: lower fees, SDG-aligned investment and blended finance participation. Public finance and donor guarantees must also act.
How this was scoredNecessary
Necessary. Owners remove an obstacle nothing else removes. Others must also act.
We have not yet written down the two answers behind this rating. Recording them on every item, so a reader can check the reasoning and not only the conclusion, is work in progress.
Every rating is the higher of two answers, one for what companies do and one for what they spend to stop the outcome, because the same vote reaches both. See the full method.
Sources
No shareholder advocacy found yet
We looked and found nothing that met our standard, which is a source we opened and confirmed. No shareholder proposal or investor engagement located on remittance pricing, SDG-aligned investment or blended finance participation by listed companies. The 2024 New York City Comptroller clean energy financing ratio proposals at banks, recorded under unsdg|7.b, are the nearest ownership precedent on redirecting bank capital, but they do not address developing countries. Web search was unavailable for this batch.
How this rating was made
Every item on every one of our maps is read against one question: how far does this depend on the people who own companies voting their values? We answer it twice, once for what companies do and once for what they spend to stop the outcome, and take whichever answer is higher, since the same vote reaches both. The score carries its reasoning and its sources so that a reader can check it rather than take it.
- Pivotal. Owners voting their values can deliver most of the outcome.
- Necessary. Owners remove an obstacle nothing else removes, and others must also act.
- Helpful. Owners voting their values help, and others carry most of it.
- Independent. This moves without owners. Other levers carry it.
The advocacy record on this page holds only what a source we opened says happened. Where we searched and found nothing, the page says so rather than leaving a silence. Where a campaign names a filer the source does not name, it says that too. Ratings are ours; the list of subjects is UN Sustainable Development Goals's, and we link to their original.
How we score dependency, in full.