31 OCT 2019, Press releases
Hasan Al Jabri speaking in ‘Green finance and investments’ plenary session
Underlining the growing importance of upholding responsible investment and finance principles to drive sustainable economic growth, Hasan Al Jabri, CEO of SEDCO Holding Group, highlighted the company’s Prudent Ethical Investing (PEI) strategy at the World Green Economy Summit (WGES) 2019 held in Dubai. Mr. Al Jabri was speaking at a plenary session titled, ‘Green finance and investments,’ at the summit, which took place under the patronage of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and The Ruler of Dubai.
The summit which saw the attendance of over 3,000 delegates, included high profile speakers including François Hollande, Former President of France and Ban Ki-moon, Former Secretary-General of the United Nations.
Featuring an impressive line-up of renowned industry leaders and experts, the plenary session explored lucrative opportunities presented by green finance and how businesses can tap into this promising market by adopting sustainable practices. The speakers also shed light on various factors that hinder the growth and wider adoption of green financing and put forward recommendations to overcome these challenges.
Mr. Al Jabri stressed the significance of ethical and socially conscious investing to help realize sustainable Environmental, Social and Governance (ESG) goals. SEDCO Holding’s PEI-based portfolios combine the principles of responsible and Shariah-compliant finance, bringing together the many benefits of both approaches. The strategy has been proven tremendously successful in ensuring enhanced long-term risk-adjusted returns to support the performance of businesses and promote greater sustainability.
“Ethical investing not only brings economic benefits, but also significantly contributes to environment-friendly initiatives and business operations thereby driving the expansion of the green economy. Major events like the World Green Economy Summit are offering us a strategic platform to spotlight the increasing importance of adopting responsible finance and banking principles and sustainable practices across businesses. They also provide us an excellent opportunity to address various challenges facing green investing, including a lack of awareness of its unmatched benefits,” said Mr. Al Jabri.
One of the leading global forums on the green economy, the WGES is organized by the Dubai Electricity and Water Authority and World Green Economy Organization, in cooperation with Dubai Supreme Council of Energy and WETEX.