Underlining its position as a leading ethical and sustainable investor, SEDCO Holding participated in an influential UK-Saudi Sustainable Investment Roundtable. Hosted by the Saudi-British Business Council, the virtual gathering brought together experts in finance and sustainable development to exchange experience on green finance and to highlight project and investment opportunities which meet environmental, social and governance (ESG) principles.
The roundtable was chaired by Baroness Symons of Vernham Dean, Co-Chair of the Saudi British Joint Business Council; and Abdullah Aldubaikhi, Vice Chairman of the Saudi British Joint Business Council. The session kicked off with introductory remarks by the Lord Mayor of the City of London, William Russell, followed by words from HRH Prince Khalid bin Bandar bin Sultan bin Abdulaziz Al Saud, Ambassador of the Kingdom of Saudi Arabia to the United Kingdom.
SEDCO Holding’s Chief Executive Officer Mr. Hasan AlJabri was invited to speak in a panel focusing on Environmental, Social, and Corporate Governance (ESG) developments in Saudi Arabia and related investment opportunities. The company has a distinguished history as a pioneer in ESG; its subsidiary SEDCO Capital was the first Saudi Arabian company, to become a signatory to the United Nations Principles for Responsible Investment (UNPRI).
Reflecting on the significance of the UN’s global guidelines, Mr. AlJabri mentioned that when looking at the UNPRI, they were based on the same principles as Shariah. Both drive towards creating economic sustainability for future generations. This aligns very well with the principles at SEDCO, where ESG activities aim to not only add value for our investors, but create a positive impact on the community.
Mr. AlJabri’s fellow panelists included Khalid Abdullah Al-Hussan, CEO of Tadawul; Faisal Qadri, Managing Director and Head of Debt Capital Markets at HSBC Saudi Arabia; and Celeste Lo Turco, Director of the NEOM Investment Fund. The discussion was moderated by Ayman Sejiny, CEO of the Islamic Corporation for the Development of the Private Sector.
The session’s other panel discussion, which examined the UK experience of green finance and sustainable infrastructure investing, was moderated by Catherine McGuinness, Head of Policy at the City of London Corporation. Participants included Sir Roger Gifford, Chair of the Green Finance Institute; Chris Taylor, CEO for Real Estate and Head of Private Markets at Hermes Investment; and Arne Stall, Global Head of Product Management & Research at the London Stock Exchange Group.