Emirates News Agency – Dubai Financial District hosts the world’s first finance summit as part of the “Road to COP28” programme.

DUBAI, March 2, WAM/ The Dubai International Financial Center (DIFC) recently hosted the world’s first Finance Summit dedicated to advancing the “COP28” climate action agenda in the global finance sector.

More than 500 specialists participated in the summit, which is the first in a series of conferences to be held, within the framework of the Dubai International Financial Center hosting the “Road to COP 28” program in partnership with the “Global Ethical Finance Initiative”, which serves as a platform for proactive efforts in The finance sector to determine the activation of accelerators to reduce the repercussions of climate change and thus accelerate the pace of green transition.

The summit brought together a group of speakers and participants from leading investment companies, banks, policy makers and consultants to discuss COP28 priorities for the sector and how to establish the decision-making process by adopting best practices in their organizations.

The summit was chaired by Heather MacGregor, Vice Chancellor of Heriot-Watt University Dubai, and Simon Thompson, the famous author in the sustainable finance sector, and President of the Chartered Banker Institute, reviewed the role that green finance can play in supporting transformation and ensuring capital flows to companies, investments, projects and technologies looking to create A sustainable, low-carbon world, in the presence of dignitaries from major institutions, including the ENK Group, the Zurich Insurance Group, and the NatWest Group, to identify the most important pillars that contribute to achieving carbon neutrality.

The event witnessed the announcement of the results of the first global survey of Islamic banking services in the field of retail worldwide and its implications for the United Nations Sustainable Development Goals.

According to the survey, in which more than 2,000 customers participated, 90% of Islamic banking customers within a range of markets stressed the need for their bank to provide products that keep pace with the goals of sustainable development, and 96% of the participants in the survey emphasized the importance of matching available financing products to values ​​and morals in their lives. And 87% expressed their willingness to pay higher fees for financial products compatible with the Sustainable Development Goals.

– Mohammed Jaballah –