Dubai - Mubasher: Dubai International Financial Centre (DIFC) announced a year-long partnership with the Global Ethical Finance Initiative (GEFI), ahead of the United Nations Framework Convention on Climate Change’s 28th Conference of the Parties (COP28).
Taking place in Expo City Dubai, COP28 will be held in November 2023 and will see world leaders from the public and private sectors congregate to make progress on climate-related matters, according to a recent press release.
DIFC and GEFI will drive change across the world’s financial industry relating to delivering Net Zero; unlocking Islamic Finance; financing nature and biodiversity; and financing sustainable development goals.
Furthermore, DIFC will support a series of report launches, roundtables, and community engagements during the next 12 months.
Arif Amiri, CEO of DIFC Authority, said: “DIFC and GEFI are delighted that the financial services sector is the first industry to launch a programme that aligns with the UAE government’s COP28 agenda. DIFC is perfectly placed to be host financial centre for the Path to COP28 programme given the progress we have already made and will continue to make on climate-related matters with our clients.”
Omar Shaikh, Co-Founder and Managing Director of GEFI, stated: “Our Path to COP28 campaign seeks to encourage and support financial institutions in transitioning from commitment to actual implementation, measurement and reporting.”
The partnership aligns with DIFC’s Strategy 2030 and reflects its progress on driving Dubai’s reputation as the region’s leading sustainable financial hub.
GEFI’s previous Path to COP26 campaign was supported by the City of London Corporation and brought together several signatories, including 20 financial institutions representing GBP 2 trillion in assets, to drive finance for positive change at the Glasgow COP.
