AFRICA – The African Development Bank and Japan’s Government Pension Investment Fund (GPIF) have signed a partnership to promote environmental, social and governance investments in the global capital markets.
In a statement the Bank noted that the collaboration between the Bank and GPIF will focus on channelling investments towards inclusive and sustainable growth in Africa, contributing to the achievement of the Sustainable Development Goals.
The agreement was signed 30th September 2019.
Also projects leading to poverty reduction, job creation, and inclusive growth across age, gender and geography, improving the quality of life of Africans.
“I am delighted that the world’s largest pension fund for the promotion of sustainable investment, is partnering with the African Development Bank.
“This landmark strategic partnership will help to catalyse investment capital, create more sustainable investments and support the African Development Bank to achieve its High 5 priorities to fast-track Africa’s development,” said African Development Bank President Akinwumi Adesina.
These frameworks showcase the African Development Bank’s concrete actions on the continent and are aligned to the International Capital Market Association’s green and social bond principles.
“Further advancing the sustainable and inclusive development of Africa will lead to the sustainability of the whole world. GPIF is delighted to collaborate with the African Development Bank on this partnership and support their needs and journey going forward,” GPIF’s Executive MD and CIO, said.
Describing GPIF as “an exceptional investor, whose commitment to developing the SRI market is truly aligned with the Bank’s mission,” Hassatou Diop N’Sele, Bank Treasurer also signaled her satisfaction with the agreement.
“Changing people’s lives is at the core of the Bank’s work and with GPIF we will be investing in Africa’s future,” she said.
The Bank’s ten-year strategy for 2013-2022 targets the promotion of inclusive growth in Africa and the support of regional countries’ transition to “green growth”.
Through its operational priorities – the High 5s – the Bank offers a compelling opportunity to accelerate the continent’s transformation.
Government Pension Investment Fund, or GPIF, is an incorporated administrative agency, established by the Japanese government.