Asset management industry as custodian of financial capital and citizens’ savings has big role to play
At our recent “Tomorrow: Investing for a Future That Matters” conference I opened the event by highlighting the asset management industry’s critical role as custodian and steward of financial capital and the savings of citizens.
OMIG became a signatory to the net-zero asset managers’ initiative in February 2022 and is working in partnership with its clients to set decarbonisation goals to reach net-zero emissions across its entire assets under management by 2050. Many have singled out a looming water crisis as secondary to our electricity crisis. SA is a water scarce nation that receives insufficient, unreliable rainfall. About one in five citizens in rural areas lack access to reliable water supply; one in three does not have basic sanitation services; and only two-thirds of households benefit from safe, reliable access to water.
Eradicating poverty is among the most important of the UN’s 17 sustainable development goals. As a group, Old Mutual has invested about R150bn into the developmental economy in SA and beyond, of which about R80bn is invested into renewable energy, schools, housing and various impact funds as well as listed equity products with a specific ESG focus.
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