Sanlam at forefront of sustainability with blended finance funds

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 77 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 34%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

SPONSORED | Often, ESG becomes more boxing-ticking than tactical, which is when we lose sight of the bigger picture in creating a sustainable world, writes sanlam's Andrew Johnstone.

Recognising this, Sanlam InfraWorks wanted to make a real impact, fast, so it designed the fund with blended finance principles in mind, just as the term was being coined. The results have been groundbreaking, with close to 8,000 jobs created, 228,770 tCOeq/year emissions avoided and more than 1.1-million people having improved access to renewable energy, in 2020 alone.

The Climate Investor Funds are evidence that blended finance works. We urge others to employ it to generate impact at scale. Crucially, the success of the funds demonstrates what can be achieved through powerful partnerships grounded in respect and shared purpose. Climate Fund Managers is a joint venture between Sanlam Infraworks and FMO, the Dutch Development Bank — two long-dated institutions with a shared vision for the future and a passion for climate impact.

We wanted to create funds that work faster than their historical counterparts to quickly close the gap between need and response. Blended finance enables us to do just that. The partnership focuses on key pillars to secure a better future for all. Climate Investor One focuses on renewables, Climate Investor Two on the oceans, waste and water scarcity and Climate Investor Three will be about hydrogen as our future energy source.

As the world shifts towards a just transition and sustainable practices, investment flows will be directed towards renewable energy, mobility solution and biodiversity conservation. We’re heading in the right direction; we just need to accelerate our efforts. The Covid-19 pandemic showed us what’s possible in mobilising a fast response. Every day, we poured over the news to view the infection curve rate.

Sanlam InfraWorks' philosophy is to put action to that narrative because there’s no alternative. The numbers will prove up, society will shift, and business and commerce will shift around it.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

REGISTER | 2023 Directors Event: what sustainability means for SA companiesSPONSORED | This year’s Directors Event will touch on how business can better deliver social impact for the country — social impact means business for SA. ArenaEventsZA
Source: TimesLIVE - 🏆 28. / 59 Read more »