Mubasher TV
Contact Us Advertising   العربية

Mubadala joins global initiative to support global climate action

Mubadala joins global initiative to support global climate action
This membership will enable Mubadala to support global climate action

UAE – Mubasher: Abu Dhabi-based Mubadala Investment Company has joined the membership of the One Planet Sovereign Wealth Funds (OPSWF) initiative, the Emirates News Agency (WAM) reported.

The OPSWF initiative is an international coalition of the Sovereign Wealth Funds (SWFs) aiming to involve climate change issues in the decision-making process.

This membership will enable Mubadala to support global climate action by endorsing the OPSWF Framework to cut greenhouse gas emissions and achieve sustainable market outcomes.

Mubadala’s membership was announced during the virtual third OPSWF CEO Summit, which was attended by SWF members in the presence of French President Emmanuel Macron.

The Abu Dhabi-based company has also become a member of the International Forum of Sovereign Wealth Funds (IFSWF).

The Chief Strategy and Risk Officer at Mubadala, Ahmed Saeed Al Calily, said: "As a responsible investor managing a global portfolio, our membership with both the OPSWF and the IFSWF demonstrates our commitment to integrating environmental, social and governance considerations when making investment decisions and as part of the overall management of our portfolio."