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Pioneering Holistic Sustainability Risk Management for Financial Institutions

Financial Sector Takes Holistic Approach to Sustainability with New UNEP FI Risk Centre

Key takeaways: Addressing Environmental Challenges Holistically The launch of the UNEP FI Risk Centre marks a significant step towards comprehensive environmental risk management for financial institutions. This initiative goes beyond just climate change, aiming to simplify the complexities of biodiversity loss and pollution as well. “The recent launch underscores the

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The grant will expand Soles4Souls' 4Opportunity program, creating jobs and enabling entrepreneurship in the Dominican Republic.

Soles4Souls Receives $150,000 Grant from Bank of America to Expand Entrepreneurship Program to Dominican Republic

Key Impact Points: Expanding Economic Opportunities Soles4Souls, a nonprofit that provides economic relief and protects the planet through the distribution of shoes and clothing, received a $150,000 grant from Bank of America to expand its 4Opportunity program to the Dominican Republic. This expansion will create jobs by enabling individuals in

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BBVA Columbia and IFC Issue Financial Sector's First Ever Biodiversity Bond

BBVA Columbia and IFC Issue Financial Sector’s First Ever Biodiversity Bond

Title: BBVA Issues $50 Million Biodiversity Bond to Support Environmental Conservation Key Impact Points: $50 Million Bond for Biodiversity BBVA, in partnership with IFC, a member of the World Bank Group, has announced the world’s first biodiversity bond, amounting to $50 million. This significant investment will finance projects focusing on

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BNDES and Asian Banks Agree To BRL 1.7 Billion for Sustainable Investment

BNDES and Asian Banks Agree To $1.7 Billion for Sustainable Investment

Agreements with China Development Bank and Asian Infrastructure Investment Bank aim at financing infrastructure and industry in Brazil Key Impact Points: Strategic Partnership The Brazilian Development Bank (BNDES) has joined forces with Asian banks to secure BRL 9.1 billion (USD 1.7 Billion) for sustainable investments. This collaboration underscores a growing

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Development Bank for the Reconstruction of Progress (DBRP)

Historic Milestone at SIDS4: Global Leaders Formulate Development Bank for Resilient Prosperity to Empower Small Island States

Antigua and Barbuda – In a historic development at the 4th International Conference on Small Island States (SIDS4), the initiative for the Development Bank for Resilient Prosperity (DBRP) has emerged as a beacon of hope for Small Island Developing States (SIDS). Spearheaded by Dr. Hyginus “Gene” Leon, international SIDS advocate who

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Dr. Hyginus 'Gene' Leon

Dr. Hyginus ‘Gene’ Leon Leads Visionary Efforts in Pioneering the Development Bank for Resilient Prosperity Initiative

Dr. Hyginus ‘Gene’ Leon, who is spearheading the creation of the Development Bank for Resilient Prosperity (DBRP), brings a wealth of experience and a visionary outlook to the new Development Bank . With over 30 years in economic development, including a notable tenure as the President of the Caribbean Development Bank (CDB), and the International Monetary Fund (IMF) Dr. Leon is leading the stakeholder group who is helping support and launch the DBRP in addressing the critical transition finance needs of Small Island Developing States (SIDS).

“We need change, and the DBRP will be designed to address the structural challenges that SIDS uniquely face, while complementing existing institutions with innovative financial mechanisms such as leveraging Nature Based Assets as Real World Assets (RWAs) that leverage the inherent resource value of island nations.” Dr Leon was quoted, marking a leadership style focused on innovation. He has laid out a strategic vision aimed at re-imagining sustainability, re-balancing systemic integrity, and changing the narrative on sustainable development financing globally.

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UBS Launches Ocean Engagement Fund in Collaboration with Rockefeller Asset Management

UBS Launches Ocean Engagement Fund in Collaboration with Rockefeller Asset Management

Key Impact Points: Strategic Collaboration for Ocean Health UBS Global Wealth Management (GWM) has partnered with Rockefeller Asset Management to launch the UBS Rockefeller Ocean Engagement Fund. This fund aims to deliver financial returns while positively impacting ocean health by engaging with companies addressing critical ocean issues. Bruno Marxer, Head

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Philippines Secures $500M for Coal Transition to Renewable Energy

Philippines Secures $500M for Coal Transition to Renewable Energy

Key Impact Points: Accelerating the Transition from Coal The governing board of the Climate Investment Funds (CIF), a leading multilateral climate fund, has endorsed a new investment plan presented by the Government of the Philippines. This plan allocates $500 million for the country’s transition from coal to renewable energy, focusing

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