Hendrik du Toit, Founder and Chief Executive, Ninety One
23 June 2023, The Investor Leadership Network (ILN), with the leadership of CDPQ, Natixis Investment Managers, and Ninety One, launched a new commitment alongside United States Secretary of the Treasury Janet L. Yellen at the Summit for a New Global Financial Pact in Paris to work together over the next three years to accelerate pension fund and institutional investments in emerging and developing economies in the critical areas of energy transition and sustainable infrastructure.
The investor-led consortium will focus, with support from United States Treasury, The Rockefeller Foundation, and the Sustainable Markets Initiative, on increasing access to data and developing mechanisms that will facilitate investments in key sectors and countries. It aims to broaden and deepen private sector financing, including via co-investing with multilateral development banks, to better meet our profound global climate and human development challenges. ILN will inaugurate a working group to pursue this goal by COP28.
The ILN was launched by the G7 in 2018 to drive the transition to a sustainable global economy and includes investors representing over US $10 trillion assets under management. The ILN is a group of likeminded asset owners and asset managers focussed on three key objectives: private capital mobilisation for sustainable development; diversity, equity and inclusion; and climate change. Ninety One was invited to join the ILN in 2022.
Hendrik du Toit, Founder and Chief Executive, Ninety One: “To achieve real-world decarbonisation, investors must finance new infrastructure and industries that will help the transition. This includes investing at scale in green technology, but also providing capital for credible transition pathways for work on today’s high emitters – especially in emerging markets. This initiative between the ILN and the US Treasury provides the opportunity to work on solutions to scale up transition finance. Climate change does not respect national borders. The developed world cannot decarbonise in isolation. Financing the transition in emerging markets is a critical part of the path to net zero. We are extremely grateful to the US Treasury and our partners at ILN for their commitment to meet this existential challenge. We also view this as an attractive, highly-scalable investment opportunity.”
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