Economy
Zurich Resilience Solutions and GoImpact Capital Partners forge strategic alliance to bolster climate resilience across Asia Pacific
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
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.
Economy
Senate Passes Investments, Securities Bill for Investor Protection
By Aduragbemi Omiyale
The Investments and Securities Bill 2024 has been passed by the Senate after it scaled the third reading at the upper chamber of the National Assembly.
The bill aims to protect investors at the Nigerian capital market as it blocks different forms of abuse, insider dealings, preventing unauthorised, illegal , unlawful, fraudulent and unfair trade practices relating to securities and investments.
The chairman of the Senate Committee on Capital Market, Mr Osita Izunaso, while presenting the bill to the parliament, disclosed that the repeal and enactment bill, when signed into law by the President, would further strengthen the Securities and Exchange Commission (SEC) carry sanitise the market.
According to him, the bill will “undoubtedly provide a significant opportunity to drive the growth of the capital market and diversification, thereby creating a conducive atmosphere for investors in the Nigerian capital market.
In addition, it will “address modern forms of financial malpractices and reinforce investors’ protection by engendering robust regulations around market abuses, insider trading and governance standards for publicly traded companies.”
He said, The bill envisages regulatory framework for digital currencies and fintech activities, including the supervision of blockchain and cryptocurrency transactions to support the integration of innovative technologies within the scope of the capital market.”
“The bill seeks to set a clear-cut delineation of roles amongst regulatory bodies in order foster transparency and reduce regulatory overlap, thereby enhancing the operational efficiency of Nigeria’s Securities and Exchange Commission;
“It seeks to support the introduction and regulation of diversified financial instruments, including derivatives, Exchange Traded Funds (ETFs) and other sophisticated products, which are essential for meeting the needs of a broad investor base and increasing market depth,” he added.
Business Post reports that when signed into law, the new bill will repeal the existing Investments and Securities Act 2007.
Economy
InvestBeta Game Show Winners Receive Investment Portfolios
By Modupe Gbadeyanka
Winners of the prestigious InvestBeta Game Show have been rewarded with investment portfolios tailored to acknowledge their achievements and to encourage ongoing learning in financial management.
They were rewarded by Stanbic IBTC Asset Management at a prize presentation ceremony held at Stanbic IBTC Towers, Lagos for their impressive achievements in financial literacy.
“Today’s ceremony demonstrates our commitment to developing a financially literate generation. By fostering an environment where young people can learn and grow, we ensure they are well-prepared to face future challenges and to make informed investment decisions,” the Head of Business Development at Stanbic IBTC Asset Management, Ms Anita Dele-Dickson, said at the event.
Her statement highlighted the initiative’s primary goal, to empower young individuals with the essential skills required to navigate the complexities of today’s financial landscape.
She further elaborated on the importance of financial literacy, noting that it serves as a vital tool in promoting personal and communal economic growth.
She emphasized that as youths become better informed, they will be better positioned to contribute positively to the economy. This initiative sets out to create a ripple effect, ensuring that the participants and their communities benefit from increased financial awareness.
Also, the Head of Customer Experience at Stanbic IBTC Asset Management, Mr Niyi Ajayi, stressed that each portfolio is a tangible asset that symbolizes their journey towards becoming savvy investors, instilling a sense of ownership and responsibility over their financial futures.
Stanbic IBTC Asset Management, after months of intensive planning, launched the InvestBeta Game Show, a financial literacy initiative targeted at equipping youths with the right knowledge and tools to kick-start their investment journey.
Over 3,000 potential players were screened for season one, with four Campus Play editions held across university campuses in Nigeria.
The InvestBeta Game Show also debut with eight episodes involving weekly Home Play segments on YouTube. Through this initiative, Stanbic IBTC has rewarded 59 winners with investment portfolios worth over N7 million.
Economy
Acorn Petroleum Spurs 0.08% Rise at NASD OTC Market
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange recorded a 0.08 per cent rise on Wednesday, December 4 lifted by the appreciation in the stock price of Acorn Petroleum Plc.
This increased the market capitalisation of the OTC securities market by N840 million to N1.058 trillion from the N1.057 trillion it closed a day earlier, as the NASD Unlisted Security Index (NSI) recorded a growth of 2.41 points to end the day at 3,019.54 points as against 3,017.13 points recorded at the previous session.
The midweek session’s sole gainer was Acorn Petroleum Plc as it added 15 Kobo to close at N1.69 per unit compared with the previous session’s price of N1.54 per unit.
But the share price of Impresit Bakolori Plc depreciated yesterday by 5 Kobo at the close of business to trade at 45 Kobo per unit compared with Tuesday’s closing price of 50 Kobo per unit.
The volume of securities traded at the bourse witnessed a surge as investors exchanged 127.5 million units, which is 166,837.5 per cent higher than the 76,362 units transacted in the preceding trading day.
Equally, the value of securities bought and sold by the market participants increased at midweek by 39,385.8 per cent to N58.2 million from the N147,593 recorded in the previous trading session.
Business Post reports that these trades were carried out in 20 deals versus the two deals completed in the preceding day, indicating a rise of 900 per center.
At the close of transactions, Geo-Fluids Plc was the most active stock by volume (year-to-date) with 1.7 billion units sold for N3.9 billion, trailed by Okitipupa Plc with 752.2 million units valued at N7.8 billion, and Afriland Properties Plc with 297.3 million units worth N5.3 million.
But Aradel Holdings Plc was the most active stock by value (year-to-date) with 108.7 million units worth N89.2 billion, followed by Okitipupa Plc with 752.2 million units valued at N7.8 billion, and Afriland Properties Plc with 297.3 million units sold for N5.3 billion.
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