Bank merger set to create banking behemoth
Turkey has seen a re-balancing of its political landscape. The economic consequences are more difficult to ascertain. Analysts at BNP Paribas Investment Partners, the asset management arm of the French bank, believe there is likely to be short-term volatility but the long term implications of these results are quite positive.
Banks and asset managers are rushing-in to adopt environmental, social and governance (ESG) risk when making investment decisions. They are starting to provide their clients with direct assess to professional advisors who specialise in this area as well.
In 2008, Abu Dhabi embarked on ambitious plans to create a world-leading sustainable eco-city that would serve as a blueprint for how other cities can accommodate rapid urbanisation while reducing energy output, water and waste. This vision was realised in Masdar City – a city reliant on clean energy generated on-site from rooftop solar technology as well as one of the largest photovoltaic (PV) installations in the Middle East.
Being a signatory to the UN Principles for Responsible Investment (PRI) has become a badge of honour for many pension funds and asset managers.