Cairo – Mubasher: The Sovereign Fund of Egypt (TSFE) has become a member of the One Planet Sovereign Wealth Funds (OPSWF) initiative, which includes about 18 sovereign funds around the world working together to integrate climate change considerations into their decision making and accelerate the transition to a low carbon economy in line with the Paris climate agreement.
Egypt's sovereign fund and three other sovereign funds, namely the Gabonese Strategic Investment Fund, the Hellenic Corporation of Assets and Participations, and the Nigeria Sovereign Investment Authority, joined the initiative during the fourth Annual One Planet Sovereign Wealth Funds Summit headed by French President Emmanuel Macron on 4 October, according to a statement on Wednesday.
This step affirms the fund's commitment towards adhering to the best international standards and practices in making investment decisions and managing its portfolio to achieve sustainable development in line with the objectives of Egypt’s Vision 2030, the CEO of the Sovereign Fund of Egypt, Ayman Soliman, said.
in December 2017, the One Planet Sovereign Wealth Fund Initiative was founded by six sovereign wealth funds at the inaugural One Planet Summit in Paris.
