The Dutch Fund for Climate and Development open for business

The Hague, November 15, 2019 – The Dutch Fund for Climate and Development (DFCD) has officially been launched in the presence of government officials, NGOs, investors, politicians and other interested parties. In May of this year, the DFCD was awarded to the consortium of Dutch development bank FMO, SNV Netherlands Development Organisation (SNV), World Wide Fund for Nature (WWF-NL) and Climate Fund Managers (CFM). “Today’s launch means that the DFCD is officially open for business,” said Linda Broekhuizen, Chief Investment Officer at FMO. “The consortium is keen to connect with innovative entrepreneurs with climate-related businesses and with private investors keen to mobilize much-needed funding from the private sector to join us in our mission to create a more climate-resilient world.”

Climate change is one of the biggest challenges we face today. It is already affecting people and nature across the globe, with developing countries being most impacted. “The poorest communities are the most vulnerable to climate change. Poor farmers and others at the bottom of the pyramid suffer and lose their livelihoods even with small changes in rainfall patterns or temperature”, as Meike van Ginneken, Chief Executive Officer at SNV explained.

There is an urgent need for investment to enable vulnerable communities and ecosystems to adapt to climate change. Carola van Rijnsoever, Director of Inclusive Green Growth, and Ambassador for Sustainable Development, Dutch Ministry of Foreign Affairs, said: „The challenge we face to help communities adapt to and mitigate the effects of climate change is enormous, and the case for action is incredibly clear. We cannot do this with governments alone. We need all stakeholders to be strong enough to confront this challenge. The set-up of this consortium in which finance and NGOs come together, is unique and uniquely positioned to do this.“ The government of The Netherlands has committed to addressing this need through the DFCD, making EUR 160 million available in the period 2019-2022 for climate adaptation and mitigation, of which at least 50% is earmarked for climate adaptation projects.

DFCD is a direct response to the increasing demand for climate adaptation projects that have to date suffered from a lack of funding compared with mitigation efforts. Linda Broekhuizen adds: “In 2018, USD 612 billion was invested in climate mitigation which is important and much needed. In contrast however, only 5%, USD 30 billion, was invested in adaptation. Adaptation may have to be USD 180 billion a year if the 2030 goal is to reach the USD 1.7 trillion as required according to the most recent report of the Global Commission on Adaptation.”

To help bridge this funding gap the DFCD aims to mobilize upwards of EUR 500 million from private sector investors. Andrew Johnstone, Chief Executive Officer of Climate Fund Managers adds: “The opportunities are there. Take water for example: 80% of the world’s wastewater enters rivers and oceans untreated and by 2025, half of the world’s population will be living in water stressed areas. Neither the private nor the public sector is doing enough, but together the investment potential is enormous, as is the impact to be delivered.”

This partnership of NGOs and financiers seeks to develop and finance sustainable private sector solutions to enhance resilience to the effects of climate change. These projects will boost the health of freshwater, forest, agricultural and ocean ecosystems, and improve water management.

“The consortium takes a landscape approach through investing in projects which are planned in an inclusive manner, and build on a solid understanding of the landscape, ecosystems and communities. In this way these projects will contribute to healthier ecosystems,” said Kirsten Schuijt, Chief Executive Officer of WWF-NL. “New and incredibly exciting in this consortium is that there is early-stage funding available to convert adaptation opportunities into bankable projects.” 

WWF and SNV take on the key role of developing climate-relevant projects from an early-stage idea to a bankable business case. Climate Fund Managers and FMO provide investment capital, delivering projects to full operations. This combination of early-stage involvement with full life-cycle funding will ensure lasting, long-term impact that contributes to the Paris Agreement and the United Nation’s Sustainable Development Goals (SDGs).

Interested parties can contact the DFCD through: www.thedfcd.com.

The Dutch Fund for Climate and Development open for business
In picture from left to right the DFCD partners at the official launch event in The Hague: Andrew Johnstone, CEO of Climate Fund Managers, Kirsten Schuijt, CEO of WWF-NL, Linda Broekhuizen, CIO of FMO, Albert Bokkestijn, project manger DFCD at SNV, Carola van Rijnsoever, Director of Inclusive Green Growth, and Ambassador for Sustainable Development, Dutch Ministry of Foreign Affairs.

In picture from left to right the DFCD partners at the official launch event in The Hague: Andrew Johnstone, CEO of Climate Fund Managers, Kirsten Schuijt, CEO of WWF-NL, Linda Broekhuizen, CIO of FMO, Albert Bokkestijn, project manger DFCD at SNV, Carola van Rijnsoever, Director Inclusive Green Growth, and Ambassador Sustainable Development, Dutch Ministry of Foreign Affairs.

NDB President reports to BRICS leaders at 11th Summit in Brasilia, Brazil

NDB President reports to BRICS leaders at 11th Summit in Brasilia, Brazil

On November 14, 2019, Mr. K.V. Kamath, President of the New Development Bank reported to the Leaders of Brazil, Russia, India, China and South Africa during the 11th BRICS Summit in Brasilia, Brazil.

“Thus far, the NDB has approved 46 projects for USD 12.8 billion in our member countries. By the end of this year, we expect the approvals to reach about USD 15 billion. In 2020, we are targeting approvals of USD 8-10 billion,” said Mr. K.V. Kamath.

“We are measuring the impact of our work through our contributions to the achievement of the Sustainable Development Goals that our members have committed to. We are also supporting projects that address some of the core developmental needs in our member countries, as articulated in their development agendas,” said the NDB President.

NDB President reports to BRICS leaders at 11th Summit in Brasilia, Brazil

Mr. K.V. Kamath highlighted operations of the Bank in its member countries:

  • In Brazil, the NDB is supporting improved physical connectivity of remote areas to logistical hubs while simultaneously laying the infrastructure for enhanced digital connectivity.
  • In Russia, in addition to financing infrastructure that will conserve and improve accessibility to historic and cultural centers, the Bank is moving into new areas such as bringing digital technologies to the judicial system, expanding higher education and supporting railway sector.
  • In India, the NDB is investing in improving connectivity of rural areas to markets and opportunities, as well as in better management of water resources.
  • In China, the Bank is contributing to the rehabilitation and restoration of environmental assets that were adversely impacted during the phases of rapid growth and lending for innovative green technologies.
  • In South Africa, the NDB is assisting energy and water projects, two areas that are at the heart of the country’s economic and social challenges.

“NDB has thus far received USD 5.6 billion in capital, including advance payments of the fifth instalment by China and Russia. We expect to receive the balance USD 900 million of the fifth instalment from our other three members by January 2020,” stated the NDB President.

“The Bank’s Africa Regional Center in Johannesburg has proved that on-the-ground presence makes a big difference to our work. Our Brazil office is already staffed and ready to open and we await completion of necessary formalities. Preparations for our office in Moscow are at an advanced stage and we will open this office early next year. We will follow that up with our Delhi office in the first half of 2020,” added Mr. K.V. Kamath.

“Going forward, the Bank is capable of sustaining between USD 8-10 billion of annual lending. With the initial USD 10 billion of capital that has been provided to it by the founding members, by 2027, the Bank can achieve a total asset book of about USD 50 billion.”

“As and when the decision is taken to admit new members to the Bank, and capital from these new members is received, the Bank can grow further. Under this scenario, it can achieve a total asset book of about USD 90 billion by 2027,” projected the NDB President.

Background Information

The NDB was established by Brazil, Russia, India, China and South Africa to mobilize resources for infrastructure and sustainable development projects in BRICS and other emerging economies and developing countries, complementing the existing efforts of multilateral and regional financial institutions for global growth and development. To fulfill its purpose, the NDB will support public or private projects through loans, guarantees, equity participation and other financial instruments. According to the NDB’s General Strategy, sustainable infrastructure development is at the core of the Bank’s operational strategy for 2017-2021. The NDB received AA+ long-term issuer credit ratings from S&P and Fitch and AAA foreign currency long-term issuer rating from Japan Credit Rating Agency (JCR).

Read the full text of the President’s Report on the NDB website: https://www.ndb.int/president_desk/report-of-the-president-2019/ 

Inaugural SDGs Impact Summit to Urge Cross-Sector Collaboration Between the Global North and South to Accelerate SDGs Action

15th – 16th November 2019, New Delhi, India

The 17 Sustainable Development Goals (SDGs) were first established at the United Nations General Assembly in 2015 by 193 world leaders, with a commitment to ending global poverty, reducing inequalities and tackling climate change by 2030. With only 10 year’s left to achieve the SDGs, a high-level international forum – SDGs Impact Summit – has been conceptualised with a special focus on unlocking the innumerable potential of a collaboration between the Global North and South in accelerating action on the SDGs. Hosted and spearheaded by the Global South, the first edition of the Summit will bring the focus to India, the world’s youngest and second most populous country, and takes place on 15th and 16th of November at Taj Palace Hotel in New Delhi.

Inaugural SDGs Impact Summit to Urge Cross-Sector Collaboration Between the Global North and South to Accelerate SDGs Action

Whilst the Global North holds one quarter of the world’s population but controls four-fifths of the world’s income, the Global South inversely bears three quarters of the world’s population with access to only one fifth of the world’s income. As two separate and independent entities, the Global North and Global South houses the resources and capability to solve the world’s most prevalent issues, yet this remains firmly locked and restricted by the lack of interconnectivity and collaboration by the two. By bringing the Global North and Global South together as one force with a common blueprint, the SDGs Impact Summit aims to bridge this economic and resource divide, by connecting borders, unleashing innovation and localising solutions to address complex world issues and explore solutions to achieve the SDGs by 2030 and unlock a truly global alliance for good.

The Summit will convene a cross-sector, cross-continental collaboration between a dynamic and unusual coalition of leaders and changemakers across business, celebrity, polity, academia, NGOs and activists. Together they will inspire on-ground action by encouraging constructive and open dialogue, story-telling and lesson sharing, which will in turn help to galvanise the formation of partnerships from individuals and organisations within the Global North and South, committed to accelerating progress to achieving the SDGs by 2030.

The Summit will include Plenary and Speed Talk Sessions as well as a Hackathon in search of the next generation of disruptors. Audiences within and beyond the Global South will be encouraged to mobilise action to address some of the pressing issues of the decade including climate change, inequality, poverty, hunger, gender equality, education and government accountability, broadly segmented into four thematic areas – People, Prosperity, Planet and Partnerships.

The World We Want is Founded by Natasha Mudhar, an SDGs campaigner and advocate, who was also appointed India Director of Project Everyone, an organisation co-founded by filmmaker Richard Curtis to launch and popularise the SDGs when they were launched in September 2015, to 1.3bn people in India. Speaking ahead of the global announcement for the SDGs Impact Summit, Natasha said: “Currently, the discourse surrounding achieving the SDGs has been predominantly hosted by the West, which has somewhat limited the offering of the Global South. Without support and engagement from the South, the achievement of the SDGs will not be possible.

“We are living in an era by which the resources to ensure the sustainable future of our planet and human race are available. Yet these resources cannot be fully utilised until we explore the true potential of cross-sector collaboration, where the North meets South, East meets West, private sector meets public, business meets government, innovation meets investment and entrepreneur meets activist. The Summit will provide an interactive stage to the international rule breakers, problem solvers, storytellers, thought shapers and renegades with a cause who are committed to achieving the Sustainable Development Goals by 2030 and will unlock unimaginable possibilities between the Global North and South. The vision behind this Summit is to become the blueprint and facilitator for change as we move into the final decade of delivery from 2020.”

The SDGs Impact Summit will coincide with the launch of key initiatives to inspire advocacy and SDGs action.

The World We Want has conceptualised a 10-year grassroots plan starting in 2020 and begin-ning in India before rolling out to other Global South countries, to support the nation to acceler-ate its progress in achieving its targets by 2030. Agenda 2030 India will focus on cultivating cross-sector collaborations between corporates, celebrities, NGOs, young changemakers, aca-demia and policy officials through the launch of SDGs Hubs. Each Hub will be aligned to specific SDGs, SDGs targets and the government’s national and local agendas. The coalition members will raise awareness of the SDGs targets, leverage their networks to demonstrate action, show-case inspiring stories and mount a disruptive campaign to build a demand for change.

Hello! India Magazine will publish a special issue, Power of Giving on stands in January 2020, marking the countdown to a Decade of Delivery. The special edition issue will be aligned to SDGs and will spotlight the world’s most impactful thought-leaders and changemakers across multiple sectors. The special edition will coincide with the Hello! India Power of Giving Gala Ball & Changemakers Awards.

The World We Want with partners Global Goals World Cup, will organise a special mixed gender celebrity version of the flagship football match for SDG5: Gender Equality in 2020.

“We are not content with a singular event to pedal the success of the goals. The SDGs Impact Summit has been conceptualised to be a clarion call for an ongoing strategic plan of action across the proceeding decade. The SDGs can only be achieved with continuous calls to action, which can be achieved as the Summit takes place on an annual basis. One single sector cannot possibly solve the world’s problems by themselves, but a universe of stakeholders in tandem can”, Natasha added.

To register your interest to partner or to attend, log onto sdgsimpactsummit.com

Join the Conversation!

#SDGsImpactSummit

For more information, please contact:

Sterling Media

Tel: +44 20 7801 0077

Email: [email protected]

About the SDGs Impact Summit

The SDGs Impact Summit is a high-level international forum with a special focus on unlocking the innumerable potential of a collaboration between the Global North and South in accelerating action on the Sustainable Development Goals (SDGs). Whilst the Global North holds one quarter of the world’s population and controls four-fifths of the world’s income, the Global South inversely bears three quarters of the world’s population and has access to only one fifth of the world’s income. The SDGs Impact Summit has been specifically conceptualised to bridge this economic and resource divide, by unlocking borders, unleashing innovation and localising solutions to address complex world issues and explore solutions to achieve the SDGs by 2030. The multi-sector event will convene a dynamic coalition of sector leaders and changemakers across business, celebrity, polity, academia, NGOs and activists to encourage on-ground action through Plenary and SpeedTalk sessions, Hackathons, SDGs Marketplace and other impactful activities. The annual summit will be an interactive space for coalition building and to galvanise action within and with the Global South to address some of the pressing issues of the decade including climate change, inequality, poverty, hunger, gender equality, education and government accountability, broadly segmented into four thematic areas– People, Prosperity, Planet and Partnerships.

About The World We Want

The World We Want (WWW) is a global impact enterprise working with organisations and individuals to accelerate the progress to achieving the UN’s Sustainable Development Goals by 2030. WWW aims to utilise its global reach and expertise to convene governments, corporations, celebrity and popular culture. government, campaigners, civil society, individuals and not for profits, leveraging ideas, networks and technologies to bring visions to life and create sustainable solutions. The World We Want will be powered by “Accelerator” ventures aligned to the Sustainable Development Goals, with a focus on convening leading organisations, corporations, public figures including celebrities, campaigners and thought leaders around the world to awaken social consciousness and drive meaningful change. Ventures include using expertise to help organisations add real meaning to the lives of stakeholders, identifying and developing the change makers of the future, empowering the world’s citizens through supporting open data policies, harnessing the power of celebrity and pop culture to entertain and inspire audiences and supporting critical impact projects through an ethical investment fund. With an international team, WWW has been co-founded by Teji Singh and Natasha Mudhar, seasoned entrepreneurs with a commitment to doing well, by doing good. They are also the driving force behind the award-winning global business and communications consultancy Sterling Group.

See CFI.co’s SDG Coverage

Employers play a vital role in supporting employees with cancer, says Unum

6 November 2019 Leading employee benefits provider, Unum, hosted an event yesterday (5th November) to highlight how important it is for employers to provide the right support for employees impacted by cancer throughout their journey from diagnosis through treatment to recovery and possible return to work.

Employers play a vital role in supporting employees with cancer, says Unum
Employers play a vital role in supporting employees with cancer, says Unum

Guest speakers included former BBC presenter, and current Classic FM host, Bill Turnbull. Bill talked openly about his ongoing battle with prostate cancer, after being diagnosed in 2017, and how it has affected him both personally and professionally.

It is an accepted fact that now one in two people in the UK will get cancer in their lifetime[1]. In the context of an ageing work force, 125,000 of working age adults are diagnosed with cancer annually[2], meaning that cancer is becoming an issue which will impact most businesses whatever the size.

In 2018 cancer was the top cause of long-term sickness absence claims paid by Unum.

Upon returning to work, Unum’s research found that 28% of workers with cancer, or who have had cancer, said they didn’t receive any support, or the support they did receive fell below their expectations when they were at work following their diagnosis.

84% agreed their loyalty towards employers could have been influenced by the amount of support they received, and 3 out of 4 workers worried about the cost of cancer and how their families would cope with loss of income if they had to give up work.

A panel of corporate wellbeing and cancer care specialists, moderated by Unum’s HR Director Liz Walker, discussed that the key issues affecting employees include dealing with the feeling of fear that comes after a cancer diagnosis; fear of losing their job and fear of not being able to support themselves. Employees can also struggle with the lasting physical effects of cancer treatment after returning to work, including fatigue, as well as lack of confidence from being out of the workplace for a period of time.

The panel also highlighted that what can affect employers and line managers the most is speaking about a cancer diagnosis with an employee. This can be a sensitive and challenging conversation and one which they have not always been trained for, which could mean they struggle to provide the support needed. 

Employers can help by ensuring that the right support is put in place to help the employee throughout their treatment and possible return to work. The panel agreed that one effective way of doing this is to ensure all guidelines and advice relating to cancer are available in one place, easily accessible to both employees and employers.   

Unum is enhancing the cancer support it offers through its Critical Illness cover, including the introduction of Unum’s ‘Cancer Pathway’, which provides consultation assistance to patients, helps with managing symptoms, a medical concierge, and psychological and post-treatment support.

Vocational Rehabilitation Consultants (VRCs) are also available to work closely with employers to put together a plan to help recovering employees return to work when they’re ready to do so.

[email protected], Unum’s new app powered by Square Health, gives employees access to enhanced health support and is available with Unum’s Group Income Protection policies at no additional cost. Four key services are available to employees and their families through [email protected]: a remote GP service, a second opinion, mental health support and physiotherapy. The second opinion service can be particularly important after an initial cancer diagnosis to ensure an employee receives the most effective treatment, tailored to their unique needs. [email protected] provides access to specialist consultants who can offer either a face to face or video consultation.   

After the panel discussion, speakers and attendees networked with the Unum team as well as Unum’s support service providers and partners including reframe (formerly HSC), a UK provider of specialist cancer support, and Maggie’s, a charity that offers free emotional and practical help for people with cancer and their families.

Bill Turnbull says: “It’s been two years since my diagnosis and my life has changed forever. While I’ve had my ups and downs, it’s been the support of those around me who have helped me, and this extends beyond my family and friends to include my employer and colleagues at work. I think being able to go back to work is a huge part of being able to feel normal again. It’s vital that employers understand how important the support they provide to their employees with cancer is in helping them cope and live with this disease”.

Peter O’Donnell, CEO of Unum says: “As we live and work longer, the reality is that more and more of us will face a cancer diagnosis at some point in our working lives. Employers play an important role in supporting employees as they face the financial, emotional and professional obstacles a cancer diagnosis can bring.  Unum’s enhanced critical Illness product and the unique Cancer Pathway provides quick and easy access for employers and employees to cancer support upon diagnosis, through treatment and recovery – whenever it is needed.”


[1] Cancer Research UK, 1 in 2 people in the UK will get cancer. 2015

[2] Macmillan Cancer Research, Macmillan: Work and Cancer, 2017

Media Enquiries: [email protected] 020 7360 7878

About Unum

About Unum

Unum is a leading employee benefits provider offering financial protection through the workplace including: Income Protection, Life insurance, Critical Illness, and Dental cover.

Our Income Protection customers have access to medical and vocational rehabilitation expertise designed to help people stay in work and return to work following illness and injury. Unum LifeWorks, our Employee Assistance Programme, provides help and advice on a range of work/life issues.

Our Critical Illness customers can access our Cancer Support Service, providing personalised support for employees with a cancer diagnosis.

We are committed to workplace wellbeing for both employees and employers. We have a wide range of tools designed to help businesses create or enhance their employee wellbeing strategy, including our Mental Health Pathway and Wellbeing Calendar.

At the end of 2018, Unum protected 1.4 million people in the UK and paid claims of £314 million – representing in excess of £6 million a week in benefits to our customers – providing security and peace of mind to individuals and their families. 

Our parent company, Unum Group, is a provider of employee benefits products and services in the United States, including group and individual disability insurance. Premium income for Unum Group and its subsidiaries totalled $9.0bn in the year ended 31 December 2018, with reported revenues for the group totalling $11.6bn and total assets of $61.9bn.

A.M Best has given all rated Unum Group companies an Excellent rating for Financial Strength, with a stable outlook.

For more information please visit www.unum.co.uk.

Unum Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Unum Dental is a trading name of Unum Limited. Registered in England 983768.

Unum is a leading employee benefits provider offering financial protection through the workplace including: Income Protection, Life insurance, Critical Illness, and Dental cover.

Our Income Protection customers have access to medical and vocational rehabilitation expertise designed to help people stay in work and return to work following illness and injury. Unum LifeWorks, our Employee Assistance Programme, provides help and advice on a range of work/life issues.

Our Critical Illness customers can access our Cancer Support Service, providing personalised support for employees with a cancer diagnosis.

We are committed to workplace wellbeing for both employees and employers. We have a wide range of tools designed to help businesses create or enhance their employee wellbeing strategy, including our Mental Health Pathway and Wellbeing Calendar.

At the end of 2018, Unum protected 1.4 million people in the UK and paid claims of £314 million – representing in excess of £6 million a week in benefits to our customers – providing security and peace of mind to individuals and their families. 

Our parent company, Unum Group, is a provider of employee benefits products and services in the United States, including group and individual disability insurance. Premium income for Unum Group and its subsidiaries totalled $9.0bn in the year ended 31 December 2018, with reported revenues for the group totalling $11.6bn and total assets of $61.9bn.

A.M Best has given all rated Unum Group companies an Excellent rating for Financial Strength, with a stable outlook.

For more information please visit www.unum.co.uk.

Unum Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Unum Dental is a trading name of Unum Limited. Registered in England 983768.

Bilateral ties to play key role in meeting India’s $5t economy target: Al Saleh at UAE-India Economic Forum 2019

UAE-India Economic Forum 2019 wraps up the 5th edition gracefully.

Dubai, 5th November, 2019: The 5th Edition of UAE India Economic Forum observed a grand opening at Waldorf Astoria, Dubai International Financial Centre on Monday, 4th November with the participation of High Dignitaries and Officials, leading experts and leaders from the two nations.

India’s partnership with the UAE is set to play a key role in its march towards the ambitious goal of becoming a $5-trillion economy by 2022, Abdullah Ahmed Al Saleh, Undersecretary for Foreign Trade and Industry, Ministry of Economy, said on Monday.

Addressing the opening session of the UAE-India Economic Forum organized by BusinessLive Middle East, Al Saleh said the strong bilateral ties are the result of :the political will articulated by both governments,” and their sustained efforts to work together for the mutual benefit.

Al Saleh said the recent meeting of the UAE-India High Level Joint Task Force on Investments, which is a platform to communicate mutual requirements and vision for the future, has played a key role in boosting bilateral investments and cooperation.

“With Expo 2020 around the corner, we will witness India’s commitment with one of the largest pavilions, which is a testament to the value the country puts to promoting bilateral economic relations,” he said.

Al Saleh said the UAE is the largest Arab investor country in India, accounting for 81.2 per cent of total Arab investments. The UAE investments into India’s $2.8 trillion economy are estimated to be around $10 billion including foreign direct investment of almost $5 billion.

“The UAE hosts the largest Indian community overseas and their annual remittances are estimated to be more than $17 billion, which is 38 per cent of the total outflow,” he said.

“As both countries remain keen as ever to strengthen the trade dialogue, recently, an ambitious project – the India -UAE food corridor – was launched with the plan to benefit two million farmers and create an additional 200,000 jobs across India, due to cumulative investments of more than $7 billion by the UAE in the next three years,” said Al Saleh.

Among the dignitaries present at the day-longs sessions were Vipul, Consul General of India in Dubai; Fahad Al Gergawi; Chief Executive Officer; Dubai FDI; and Jamal Al Jarwan; Secretary-General; UAE International Investors Council; and Ali Ibrahim; Deputy Director-General; Dubai Economic Development, according to Poonam Chawla, Associate Publisher, BusinessLive Middle East.

Poonam Chawla said the UAE-India Economic Forum 2019 was a great success as it highlighted the areas of cooperation between the UAE and India. “It helped to throw light on how this historic bilateral relationship has been elevated to a strategic partnership while creating new opportunities in various fields like IT, trade, food, smart cities, banking and fin-techs, renewable energy and startups,” Poonam said.

According to the UN Conference on Trade and Development, the FDI to the UAE rose by eight per cent to $10.4 billion in part due to rising cross-border mergers and acquisitions sales, making the country the largest source of FDI in 2017 for the Arab region (at 36 per cent of total FDI inflow). India is UAE’s second-largest trade partner today and the UAE has become India’s third-largest trading partner, with the total non-oil trade between the two countries recorded at $35.9 billion in 2018.

A special mention to the UAE-India Economic Forum 2019 sponsors “Ajman Free Zone” and “Galadari Advocates and Legal Consultants”. In the 5th Edition of the UIEF delegates brainstormed on new opportunities for partnerships with sessions on infrastructure, banking and finance, fin-tech, healthcare, food corridors, smart cities and start-ups. The UAE-India Economic Forum also felicitated government and industry leaders, who have worked towards nurturing ties between the two nations, with the Qadat Al Tagheer Awards.

UK and Indian leaders to come together for green growth at new Sustainable Investing Partnership Forum

Over 150 business and finance leaders from the UK and India are to attend the first meeting of the new UK-India Sustainable Investing Forum at London’s Guildhall on Thursday 7th November.

Dr Mohan Kaul, President of the Indian Professionals Forum

​​The event, convened by the India Professionals Forum, the City of London, and the High Commission of India, will bring together leaders in the field of sustainable investment from the UK and India to work together to advance and scale the sustainable finance market in India.

For India, the Forum provides an opportunity for a rapidly emerging nation to increase the green investment it needs to achieve sustainable growth. For the UK it represents a further opportunity to deepen ties with friends and economic partners outside Europe in a post-Brexit world and an opportunity to help tackle another of the UK’s biggest priorities – the global green agenda.

Speakers at the first Forum will include Lord Mayor of London Peter Estlin; High Commissioner of India Her Excellency Mrs Ruchi Ghanashyam and Lord Ahmad, Minister of State for the Commonwealth, the United Nations and South Asia​.

Sir Roger Gifford, Chair of the Green Finance Institute, will deliver a keynote on the City of London as a global centre for sustainable and green finance, focusing on building a global approach and leveraging synergies between global public and private networks. Lord Gadhia, Director of UK Government Investments, will chair a session on sustainable investing standards and practices with a view to engaging global stakeholders.

Lord Mayor of London Peter Estlin said:

“The UK and India are pioneers in green finance and responsible business best practices. We are excited about the launch of the UK-India Sustainable Investing Forum to support the greening of India’s economic growth story and drive forward our partnership for years to come.”

India Professionals Forum President Dr Mohan Kaul said:

“India’s sheer size and rapid growth provides challenges to delivering sustainable economic solutions. Yet despite these challenges, India’s policy makers and industry leaders vie to show leadership in combating climate change and meeting UN Sustainable Developmental Goals in many of their developmental schemes.

Meanwhile, the City of London – at the heart of delivering financial solutions for strong, sustainable and balanced growth – aims to have a comprehensive approach to greening financial systems, and mobilising finance for clean and resilient growth.

By bringing leaders from the UK and London together we hope to open up new opportunities for green investment.”

Other prominent business leaders and investment experts speaking at the Forum include Howard Sherman, Executive Director of MSCI ESG Research; Tatiana Boroditskaya, Director Emerging Market Credit, UBS; Loknath Mishra, Managing Director and CEO, ICICI Bank UK; Srini Sundaram, Founder and CEO, Agvesto; and Manish Malhotra, AVP and Head FinTechs, Infosys.

Among topics to be discussed at the Forum are sustainable investing in India’s emerging environmental, social and governance (ESG) asset class; partnering to achieve sustainable goals; sustainability strategies for Indian trade and infrastructure investment; India’s Clean Ganges Sustainable Infrastructure Programme; and the regulatory, market and fintech developments required to catalyse sustainable investing solutions, unlock market efficiencies and drive scale for the next generation.

The Sustainable Investing Forum is free to attend for members of the Indian Professionals Forum and by invitation only by registering here: https://www.ipforum.net/sf2019.html

For further information, or to attend, please contact: Alan Wheeler [email protected]

1. Journalists wishing to attend the launch can register here: https://www.ipforum.net/sf2019.html

2. The Indian Professional Forum (IPF) is a non-profit think tank for diaspora related policy advocacy and a member’s club that promotes networking and professional development for Indian Professionals. Set up with the support of the High Commission of India, members are invited from a cross section of society including academics, artists, scientists, engineers, business and entrepreneurs. IPF provides a collective voice and framework to the contribution they make to the UK economy and strengthen their participation in the mainstream of society as well as help in identifying opportunities to contribute towards the development of their community, India and India-UK relations. IPF will recognise the work of young professionals and encourage members to participate in high level policy advocacy and help in identifying such opportunities. Through its membership IPF aims to focus on creating an interesting, influential and thought provoking think tank that acts as a fount for insightful policy ideas and community leadership. More information at https://www.ipforum.net/ 

World Tolerance Summit 2019 gains momentum, more sponsors join 2-day event

Dubai, 5 November 2019: The Organising Committee of World Tolerance Summit acknowledged the growing support for the upcoming event, and appreciated the participation of more sponsors.

The two-day World Tolerance Summit (WTS) held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, will be held at Madinat Jumeriah Conference and Events Centre on 13-14 November, and is themed ‘Tolerance in Multiculturalism: Achieving the Social, Economic and Humane Benefits of a Tolerant World’.

The new sponsors of the summit, an initiative of the International Institute for Tolerance (IIT), a part of Mohammed Bin Rashid Al Maktoum Global Initiatives, include Ministry of Interior, Ministry of Human Resources & Emiratisation, Department of Community Development Abu Dhabi, Dubai Media Incorporated, and Tik Tok MENA among others.

Lt-General Saif Abdullah Al Shafar, Undersecretary of the Ministry of Interior, affirmed the ministry’s keenness on the directives of HH Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior to participate and strengthen collaborations with ministries, government and private bodies for the comprehensive development of the nation. He said, “We are delighted to participate in the summit that underscores the values of security, peace, coexistence and tolerance, the qualities that are instilled in us by the late Sheikh Zayed bin Sultan Al Nahyan Al Nahyan.”

Meanwhile, Dr Hamad Al Shaibani, Managing Director of IIT and Chairman of the Higher Committee of the WTS, thanked the great role played by the wise government led by His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, and appreciated the support of the sponsors for the two-day global summit to promote tolerance, peace and harmony across the globe.

Ahmed Saeed Al Mansouri, Executive Director of radio and television division at Dubai Media Incorporated (DMI), said that the sponsorship for second edition of WTS embodies the vision of all radio, print and TV channels under the DMI. He said, “Our media partnership with the WTS is in line with the strategic objectives of the Government of Dubai that underlines the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum Deputy Ministers, Ruler of Dubai for having constant cooperation between government departments and other institutions in the UAE.

“We would also want to be part of creative initiatives that can highlight UAE as the global capital of tolerance aimed at deepening the values of tolerance, dialogue, acceptance of others and openness to different cultures.”‘

He added that Dubai TV, with its radio, television and digital channels, will have a dedicated crew to cover the two-day summit.

Meanwhile, Nora Al Marzouqi, Assistant Undersecretary for Policy and Strategy Affairs at the MoHRE, said that the summit reflects the stand of the UAE society, whose foundations are based on a set of principles and values ​​that focus on respect and empowerment of human beings. She also lauded the efforts of IIT and organisers of WTS.

Gita Ghaemmaghami, Regional Communications Director at TikTok MENA, another sponsor of the WTS, said: “As the leading destination for short-form mobile video, our mission in the UAE and wider region is to inspire creativity and bring joy through TikTok. In line with the UAE’s Year of Tolerance, through our platform we continuously aim to spread positivity that celebrates diversity. This is why we are extremely excited to partner with the 2019 World Tolerance Summit and look forward to constantly empowering people in the UAE to express their creativity by capturing and sharing moments that matter in their lives.”

For more details, and to register for the event, visit www.worldtolerancesummit.com

List of sponsors

1. RTA – Strategic Partner of IIT initiatives, including World Tolerance Summit

2. Office of Minister of Tolerance

3. Ministry of Interior

4. Ministry of Foreign Affairs & International Cooperation

5. Ministry of Human Resources and Emiratisation

6. Dubai Police

7. Department of Community Development Abu Dhabi

8. Emirates Real Estate Solutions

Media Partners: Dubai Media Incorporated, NBC Group & Tik Tok MENA

Note to editors

World Tolerance Summit, started in 2018, is a first of its kind event in the region that brings together more than 2000+ delegates, including government representatives, peace experts, youth, men and women from more than 105 countries to promote the concept of tolerance as a language of understanding and dialogue across the globe.

Organised by Strategic Exhibitions and Conferences, WTS 2019 is in line with the declaration of 2019 as Year of Tolerance by the President, His Highness Sheikh Khalifa bin Zayed Al Nahyan.

Strategic Exhibitions and Conference: Since its inception in 2000, Strategic Exhibitions & Conference is the trusted partner for many government entities in developing and managing high-profile conferences and events in the UAE. We are associated with Annual Investment Meeting, World Tolerance Summit, Global Investment in Aviation Summit, International Property Show, Dubai Investment Week and many more.

For more details, Contact

Nazeem Beegum

E:    [email protected]

E:    [email protected]