Tawreeq Holdings participated in the UN Environment Finance Initiative (UNEP FI) Regional Roundtable for Africa and the Middle East that took place on November 27 in Johannesburg.
Tawreeq Holdings, the first UNEP FI member in the UAE, represented by Layalee Ramahi - Head of Strategy, joined the sustainable finance community to discuss the latest trends, innovations and good practices in the finance community, paving the way forward to be catalysts for sustainable and climate-resilient development.
As a member of the UNEP FI’s Positive Impact Finance Initiative, and representing the Middle East region, Tawreeq Holdings shed light on the ongoing progress across the region, especially in the UAE, while emphasizing on the need to structure positive impact finance that will enable us to collectively realize the Sustainable Development Goals (SDGs).
Tawreeq joined the Positive Impact Finance Initiative launched in January 2017 with the principles providing a framework for the business and finance community to identify and develop positive impact activities, entities and projects that will contribute towards sustainable development in line with the achievement of the SDGs. USD 5-7 trillion a year is required until 2030 to realize the SDGs worldwide, including investments in infrastructure, clean energy, water and sanitation and agriculture.
Tawreeq Holdings, a market leader in comprehensive Supply Chain Finance (SCF) solutions in the MENA region, is a prominent advocate for financing solutions for SMEs via its innovative SCF offering was honored to be present at the event and participate in the panel discussion, “Open Dialogue: A new financing paradigm to achieve the SDGs in Africa and the Middle East”, namely discussing how business and finance can collaborate in new ways to develop an “SDG market” and how the Middle East region can further capitalize on the needed positive impact finance to achieve the SDGs.