With US$10 trillion in combined assets – many of which are highly polluting – the world’s sovereign wealth funds have been accused of lagging behind the rest of their financial sector in terms of their climate change commitments. What can be done to change the status quo?
Obi Emetarom is an ambitious man. He wants his fintech company Appzone to be at the heart of African banking and payments with its proprietary cloud and blockchain based technology, and, after raising US$10mn in series A funding earlier this year, he is building the team to do it.
Italian energy company Enel sold a multibillion-dollar sustainability-linked bond at the start of July, as the nascent deal structure, which sees a coupon step up on missed ESG targets, continues to gain global popularity.
Sir Paul Collier has been working in Africa for four decades and is one of the world’s leading voices on the economies of the region. He tells EMEA Finance that, while the pandemic has ravaged the continent, there are clear signs of hope for sustainable economic growth.
Supply chains have come under unprecedented pressure in the last two years, with the coronavirus pandemic and Russia’s war on Ukraine leading to a worldwide shortage of everything from microchips to wheat. Logistics companies are at the forefront of getting supply chains working again, and for many, the collapse of reliable supply routes has led to both opportunities and challenges.