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Zurich Resilience Solutions and GoImpact Capital Partners forge strategic alliance to bolster climate resilience across Asia Pacific

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HONG KONG SAR – Media OutReach Newswire – 4 December 2024 – Zurich Resilience Solutions (“ZRS”), the commercial risk advisory and services unit of Zurich Insurance Group (Zurich), and GoImpact Capital Partners (“GoImpact”) are pleased to announce a strategic alliance aimed at empowering businesses in Asia Pacific to address the growing challenges of climate change.

This collaboration integrates ZRS’ advanced physical climate risk analysis, proprietary climate and financial loss data, and specialized tools with GoImpact’s sustainability education expertise, delivering a comprehensive solution to help businesses identify, assess, and adapt to climate risks.

Enhancing climate resilience with ready-to-go solutions

The partnership offers a ready-to-go suite of solutions that address the urgent need for actionable climate adaptation strategies. Businesses can benefit from:

  • Data-driven climate risk assessments: ZRS’ proprietary tools to evaluate exposures to physical climate risks like extreme weather and supply chain disruptions.
  • Climate resilience guidance and training: Support for organisations to build resilience in their assets, operations, and people.
  • ESG knowledge upskilling: GoImpact’s structured sustainability learning programmes to keep companies informed about market trends and regulatory requirements.
  • Regulatory reporting support: Assistance in meeting disclosure and reporting requirements related to physical climate risks.

By combining ZRS’ technical expertise with GoImpact’s practical learning resources, the alliance delivers a robust toolkit for businesses to enhance resilience and seize opportunities in the sustainability landscape.

Driving climate resilience and sustainability in business

Initially targeting businesses in Hong Kong, Singapore, and Malaysia, the strategic alliance aims to address key climate risks such as extreme weather events, supply chain disruptions, and operational vulnerabilities. Leveraging ZRS’ deep knowledge in climate resilience and GoImpact’s strong regional presence in sustainability advocacy, the alliance is well-positioned to empower companies to implement effective climate adaptation solutions.

Commenting on the partnership, Dr Amar Rahman, Global Head Climate & Sustainability Solutions, Zurich Resilience Solutions said: “Zurich Resilience Solutions’ partnership with GoImpact highlights the critical role of education in fostering climate resilience. The appetite for implementing effective solutions hinges on understanding the challenges at hand and the potential impact of inaction on business operations.”

“Through this collaboration, we aim to elevate awareness and empower public and private sector entities to take meaningful steps toward sustainability, developing solutions that protect their operations and strengthen their resilience against climate change.”

With better knowledge of the latest ESG trends, organizations can be better positioned to take advantage of market conditions and build a sustainable future for themselves and increase the resilience of the communities in which they operate.

“We are excited about this timely partnership between Zurich Resilience Solutions and GoImpact. Our combined strengths are complementary and form a holistic toolkit of offering on risk assessment, learning and advocacy that bridges a significant market gap, for large corporations and small medium enterprises alike,” said Helene Li, CEO and Co-Founder of GoImpact.
Hashtag: #ZurichResilienceSolutions

The issuer is solely responsible for the content of this announcement.

Zurich Resilience Solutions

, the risk advisory business of Zurich Insurance Group, leverages 150 years of industry experience and 75 years of risk engineering expertise to address the risk management needs of both existing and new customers. The unit offers specialized insights, tools, and solutions to help businesses tackle traditional and evolving risks, such as climate change and cybersecurity.

As a global entity, Zurich Resilience Solutions has over 950 risk experts stationed in 40 countries, bringing local expertise and industry specializations to clients worldwide. Its capabilities and solutions are available to any organization seeking a proactive approach to risk management and long-term resilience.

GoImpact Capital Partners

Bridging the great divide between the talk and action, accelerating the Sustainable Development agenda from intention to implementation – GoImpact means impact made easy and actionable.

GoImpact has established significant market footprint on its mission to drive the sustainability agenda forward, bridging the knowledge gap between talk and action. We offer the best ESG learning experience in the market, providing case-based, experiential learning courses which are crafted and delivered by a group of world-class experts in sustainable finance and ESG.

Through its partners network across Asia Pacific which includes regulators, financial institutions and large corporations, delivering online-to-offline initiatives, GoImpact connects stakeholders across sectors and provide learning and advocacy opportunities to drive real change by example for everyone who is keen to understand more about the full spectrum of Sustainability and Resilience agenda.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

Economy

Nigerian Stocks Attract N87.749bn in One Week

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Nigerian Stocks1

By Dipo Olowookere

About N87.749 billion was staked on 3.893 billion Nigerian stocks last week executed in 43,868 deals, according to data obtained from the Nigerian Exchange (NGX) Limited.

Business Post reports that the trading value was higher than the preceding week as the bourse recorded a turnover of 3.194 billion shares valued at N54.850 billion completed in 45,112 deals.

The financial services industry led the activity chart with 2.709 billion equities worth N51.027 billion traded in 20,017 deals, contributing 69.58 per cent and 58.15 per cent to the total trading volume and value, respectively.

The consumer goods space recorded the sale of 403.658 million shares worth N3.844 billion in 4,239 deals, and the industrial goods sector traded 198.360 million stocks valued at N10.328 billion in 4,606 deals.

FBN Holdings, Wema Bank, and Fidelity Bank accounted for 1.625 billion shares worth N28.982 billion in 3,226 deals, contributing 41.74 per cent and 33.03 per cent to the total trading volume and value, respectively.

Last week, 51 equities appreciated versus 32 equities of the previous week, 30 shares depreciated versus 46 shares of the preceding week, and 72 stocks closed flat versus 75 stocks of the earlier week.

Golden Guinea Breweries gained 45.95 per cent to trade at N5.40, Sunu Assurances improved by 29.49 per cent to N5.05, Lafarge Africa rose by 27.59 per cent to N74.00, Secure Electronic Technology expanded by 27.27 per cent to 70 Kobo, and Cornerstone Insurance jumped by 25.00 per cent to N3.20.

Conversely, Learn Africa shed 11.75 per cent to N2.93, Aradel Holdings declined by 10.06 per cent to N465.00, eTranzact lost 10.00 per cent to sell for N6.75, Red Star Express also waned by 10.00 per cent to N4.41, and John Holt slumped by 9.98 per cent to N8.03.

On a week-on-week basis, the All-Share Index (ASI) and the market capitalisation appreciated by 0.72 per cent to 98,210.75 points and N59.534 trillion, respectively.

Similarly, all other indices finished higher with the exception of NGX Main Board, growth and sovereign bond indices, which depreciated by 0.39 per cent, 0.15 per cent, and 0.06 per cent, respectively, while the ASeM index closed flat.

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Economy

Unlisted Securities Market Weakens 0.06% in Week 49

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unlisted securities index

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange slid into negative territory after it closed lower on a week-on-week basis by 0.06 per cent in the 49th trading week of 2024.

As a result, the market capitalisation closed at N1.056 trillion after about N1 billion evaporated from the preceding week’s N1.057 trillion as the NASD Unlisted Security Index (NSI) went down by 1.75 points to 3,014.91 basis points from the preceding week’s 3,016.66 basis points.

The market breadth index was flat as there were three price losers and three price gainers over the five trading days.

The losers were led by Impresit Bakolori Plc, which lost 10 per cent of its value to end at 45 Kobo per unit against the former value of 50 Kobo per unit, 11 Plc depreciated by 6.5 per cent to close at N215.00 per share versus N230.00 per share, and Afriland Properties Plc recorded a 4.5 per cent slide to end at N16.60 per unit, in contrast to the N17.39 per unit it closed in Week 48.

On the flip side, Okitipupa Plc appreciated by 10 per cent to close at N27.04 per share versus N24.58 per share, FrieslandCampina Wamco Nigeria Plc improved by 2.2 per cent to end at N40.36 per unit compared with the previous week’s N39.51 per unit, and Central Securities Clearing System (CSCS) Plc declined by 2.1 per cent to finish at N23.49 per share versus the earlier week’s N23.00 per share.

In the week, there was a 2,845.3 per cent surge in the total value of trades to N187.7 million from N32.9 million, the volume of equities transacted increased by 14 per cent to 143.9 million units from 6.4 million units, and the number od deals went up by 5.1 per cent to 63 deals from 59 deals.

The most active stock by value last week was Purple Real Estate Plc with N118.4 million, followed by Impresit Bakolori Plc with N57.4 million, 11 Plc raked in N4.1 million, FrieslandCampina Wamco Nigeria Plc posted N3.3 million, and Air Liquide Plc recorded N1.8 million.

By volume, Impresit Bakolori Plc topped with 127.5 million units, followed by Purple Real Estate Plc with 15.9 million units, Air Liquide Plc exchanged 0.234 million units, Acorn Petroleum Plc transacted 0.205 million units, and Afriland Plc traded 0.099 million units.

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Economy

AXA Mansard Offers MSME Customers Free Exhibition Stands at Fair

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Axa Mansard

By Modupe Gbadeyanka

Customers of AXA Mansard in the Micro Small and Medium Scale Enterprise (MSME) sector of the economy will enjoy free exhibition stands at the Made by Nigerians Fair.

The fair is scheduled to take place on Saturday, December 7 and Sunday, December 8, 2024, at the Landmark Event Centre, Lagos.

To support small business owners, AXA Mansard is paying for stands for selected entrepreneurs to showcase their products at the fair, which attracts thousands of people.

According to the Head of Marketing at AXA Mansard Insurance Plc, Mr Olusesan Ogunyooye, this is another gesture by the company to show that MSMEs can benefit from having insurance.

He described MSMEs as the backbone of any economy, noting that they drive innovation, create jobs, and contribute significantly to national development.

“Our support for these businesses at the MBN Fair reflects the commitment to their growth and sustainability.  We are passionate about helping them reach their full potential by connecting them with resources and opportunities that foster success.

“By the very nature of insurance, its benefits are in the future and they are uncertain. That has been a main source of discouragement, particularly to MSMEs. Businesses are geared to making money.

“So, when thinking about insurance, an average MSME would rather invest the money in the growth of his business first.

“The risks that businesses face are also real. There are various types of risks businesses have to contend with today; from burglary to fire, the health of employees, and so on.

“When these risks manifest, they can significantly impact a business negatively. We understand that to get MSMEs to protect themselves and the millions of jobs they create, we must help them strike a balance between growing their businesses and protecting them.

“So, we have come up with different Initiatives to help them grow their businesses. The opportunity to exhibit their products and services to thousands of visitors to the MBN Fair is another in the series of our initiatives.

“We are convinced that for insurance to grow, we need to help people and businesses see it as a strategic lever to grow their businesses, not a cost that takes away from them. If we get this right, it can’t have a massive impact on our economy because, when MSMEs thrive, the economy will prosper.

“We have experimented with this model, and we are particularly excited about the responses from our customers. It is a call for us to do more, and we are committed to Nigerian MSMEs,” Mr Ogunyooye stated.

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