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The Ocean as a Climate Solution

The ocean is not just a victim of climate change, it is also a source of solutions. The transition to a sustainable “blue” economy is an opportunity to re-cast how we use, manage and protect ocean resources in a more integrated manner. Unlocking the financial sector for the sustainable blue economy allows for the potential of an environmentally and socially sustainable future that will be resilient to the impacts of climate change while providing livelihoods, food and prosperity.

ESG Investor: Pouring Money on Troubled Waters

Investment in blue economy is vital for planet’s future, but the breadth of risks to ocean health pose challenges to asset owners. The ocean economy is estimated to be worth US$2.5 trillion annually, but just US$13 billion has been invested during the past ten years to support sustainability, according to an international joint academic and public institution report. If further action is not taken to tackle the effects of unsustainable use of oceans and their resources, a total of between US$200 billion-US$1 trillion will be required annually by 2100 to pay for coastal protection, relocation of people and loss of land to sea level rise.

Islamic Finance and the Principles for Responsible Banking

Pioneering Islamic Finance and Principles for Responsible Banking Report Launched by the Islamic Finance Council UK (UKIFC), in partnership with Malaysia based International Shari’ah Research Academy for Islamic Finance (ISRA) and the Global Ethical Finance Initiative (GEFI). The report provides an analysis of responsible banking in the Islamic finance sector, assessing the level of engagement with the Principles for Responsible Banking (PRB) amongst banks in Organisation of Islamic Cooperation (OIC) member states and analysing the approaches used by 9 Islamic finance signatories.