The African Development Bank and Japan’s Government Pension Investment Fund (GPIF) have signed a partnership to promote environmental, social and governance investments in the global capital markets.

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In a statement the Bank noted that the collaboration between the Bank and GPIF will focus on channelling investments towards inclusive and sustainable growth in Africa, contributing to the achievement of the Sustainable Development Goals.

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Through this partnership, the Bank’s green and social bonds will provide unique investment opportunities to GPIF’s asset managers to finance climate mitigation and adaptation projects in Africa, as well as projects leading to poverty reduction, job creation, and inclusive growth across age, gender and geography, improving the quality of life of Africans.

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“I am delighted that the world’s largest pension fund for the promotion of sustainable investment, is partnering with the African Development Bank. This landmark strategic partnership will help to catalyse investment capital, create more sustainable investments and support the African Development Bank to achieve its High 5 priorities to fast-track Africa’s development,” said African Development Bank President Akinwumi Adesina.

 
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The Bank has established a green bond framework and a social bond framework, with the goal of supporting commitments towards climate finance and socio-economic development. These frameworks showcase the African Development Bank’s concrete actions on the continent and are aligned to the International Capital Market Association’s green and social bond principles.

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