search.noResults

search.searching

dataCollection.invalidEmail
note.createNoteMessage

search.noResults

search.searching

orderForm.title

orderForm.productCode
orderForm.description
orderForm.quantity
orderForm.itemPrice
orderForm.price
orderForm.totalPrice
orderForm.deliveryDetails.billingAddress
orderForm.deliveryDetails.deliveryAddress
orderForm.noItems
N


T G E


COMMENT


OPEC Fund Director-General Dr Abdulhamid Alkhalifa outlines the organization’s journey and ascribes intrinsic value to ESG…


ESG:


s the pandemic continues and many commentators turn to talk of ‘building back better’, ESG is a more relevant topic than ever before. Any positives coming out of the current crisis are likely to be skewed toward ESG-related gains, as investors and the public alike anticipate a ‘re-boot’ of the global economy to meet objectives other than absolute growth. Economies based more on notions of financial, environmental, physical and mental wellbeing will be the new goals, with a focus on health, relationships, access to public spaces and a sense of security. As the only globally-mandated


development institution to provide financing from member countries to non-member countries, the OPEC Fund has been looking at ESG through the lens of sustainable, equitable, long-term partnerships with those we lend to for several decades. We believe this has led to a well-rounded approach. In line with the philosophy of impact investing, the OPEC Fund believes that if the goal is to improve ESG outcomes, then financing development operations in emerging and frontier markets should be at the very top of the business agenda. Our organization’s mandate


16 6


AN HOLISTIC APPROACH A


means that environmental, social and governance returns are as important as financial gains. We direct our lending toward projects and operations that support sustainable and inclusive growth; assist with mitigating risks from climate change, environmental degradation and social issues; and foster transparency and long-termism in financial and economic activity. We also build human and institutional capacity in project areas by prioritizing local labor and establishing training and development facilities. Ultimately, our approach to investing is underpinned by ascribing an intrinsic value to ESG. The OPEC Fund provides financing for


developing countries that, by definition, have higher poverty levels and lower health and education provisions, and invariably weaker environmental and governance standards, when compared with developed countries. It is in this sense that our investments see the highest returns in terms of ESG improvements: more robust health and education outcomes, for example, and improved gender equality, along with increased openness and stronger institutions.


S L E


V


N


I E R


A


O C


V


N


RN L C I O A


E


A


O N M


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47