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ZAMBIA : IFC collaborates with UNPRI on echo friendly investment funds.

The financial arm of the World Bank, International Finance Corporation (IFC) has signed the United Nations Principles for Responsible Investment (UNPRI) that will lead to the IFC to assemble environmentally and socially responsible investment funds. According to IFC vice-president for business advisory services Rachel Kyte, the collaboration with UNPRI will enable IFC s approach to be shared by investors across a wider range of asset classes and have a larger impact promoting sustainable and responsible investments.

Through our performance standards, IFC has for many years been setting the benchmark for how to best consider social and environmental risk when making investment decisions. IFC brings to its partnership with UNPRI more than 50 years of experience in promoting sustainable and responsible investments in emerging markets, said Kyte.

IFC has, for many years, been a leader in responsible investment in emerging markets, and we look forward to working with them to demonstrate to the broader market how responsible investment can deliver strong returns in a way that also supports sustainable business practices and markets, said UNPRI executive director James Gifford.

Under the partnership, the parties will primarily focus on convening events in emerging markets to help raise awareness of the business case for responsible investment. They will support investors to connect their emerging market investment strategies with the Millennium Development Goals.

2011 Al Bawaba (Albawaba.com)

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Title Annotation:International Finance Corporation; United Nations Principles for Responsible Investment
Publication:Mena Report
Article Type:Brief article
Geographic Code:4EUUK
Date:Mar 29, 2011
Words:232
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