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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

CSCS Depletes NASD OTC Bourse by 0.05%

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NASD OTC Bourse

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange recorded a 0.05 per cent slide on Monday, December 9 after Central Securities Clearing System (CSCS) Plc lost 25 Kobo at the close of business to trade at N23.24 per unit compared with last Friday’s price of N23.49 per unit.

When trading activities ended for the session, the market capitalisation of the bourse declined by N570 billion to remain relatively unchanged at N1.056 trillion as the NASD Unlisted Security Index (NSI) slid by 1.64 points to wrap the session at 3,013.27 points compared with 3,014.91 points recorded in the previous session.

Yesterday, the price of UBN Property Plc increased by 12 Kobo to settle at N1.79 per share, in contrast to the preceding trading day’s price of N1.67 per share.

Data showed that the volume of securities traded in the session by investors went up by 508.1 per cent to 1.2 million units from the 199,577 units recorded last Friday, the value of shares transacted yesterday jumped by 252.1 per cent to N5.07 million from the N1.4 million achieved in the preceding trading session, and the number of deals grew by 83.3 per cent to 11 deals from the six deals carried out in the preceding session.

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, Okitipupa Plc came next with 752.2 million units valued at N7.8 billion, and Afriland Properties Plc followed with 297.4 million units worth N5.3 million.

Similarly, Aradel Holdings Plc, which is no longer on the platform, remained the most active stock by value (year-to-date) with 108.7 million units worth N89.2 billion, trailed by Okitipupa Plc with 752.2 million units valued at N7.8 billion, and Afriland Properties Plc with 297.4 million units sold for N5.3 billion.

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Economy

Naira Now N1,552/$1 at NAFEM FX Pressure Cools

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Naira 4 Dollar

By Adedapo Adesanya

The Naira recorded a 3.3 per cent or N52.80 appreciation on the US Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Monday, December 9 to close at N1,552.50/$1 compared with the preceding session’s rate of N1,605.30/$1.

However, on the Pound Sterling, the local currency depreciated during the trading day by N1.32 to wrap the session at N1,961.93/£1 compared with last Friday’s value of N1,960.61/£1 and against the Euro, the Nigerian currency slumped by 57 Kobo to trade at N1,623.84/€1, in contrast to the preceding session’s rate of N1,624.41/€1.

The mixed outcome occurred amid a decline in the value of FX transactions in the spot by 35.9 per cent or $62.83 million to $112.32 million from the $175.15 million recorded last Friday, according to data from the FMDQ Securities Exchange.

Last week, the Central Bank of Nigeria (CBN) launched the Electronic Foreign Exchange Matching System (EFEMS), an electronic platform introduced to tackle speculation and improve transparency in Nigeria’s foreign exchange market.

In a circular announcing the EFEMS platform, the apex bank explained that it facilitates spot foreign exchange transactions between the Naira and the US Dollar.

The platform, operated through Bloomberg’s BMatch system, requires a minimum trade value of $100,000, with incremental trade sizes of $50,000.

CBN stated that the platform automatically matches buy and sell orders, promoting fairness and efficiency in FX trading.

But in the parallel market, the Nigerian Naira weakened against the Dollar yesterday by N40 to quote at N1,620/$1, in contrast to the previous trading day’s value of N1,580/$1.

In the cryptocurrency market, the bears took control as analysts and traders warned of short-term selling pressure amid an overheated market after a November rally.

Also, internet giant, Google, announced benchmark tests on its new Willow quantum computing chip — which led to market concerns about what it meant for crypto privacy and wallet security.

Cardano slumped by 12.3 per cent to trade at $1.01, Litecoin (LTC) depreciated by 11.1 per cent to sell at $113.77, Ripple (XRP) dropped 9.9 per cent to $2.21, Dogecoin (DOGE) slid by 7.7 per cent to $0.4099, and Solana (SOL) depreciated by 5.6 per cent to sell at $217.45.

Further, Ethereum (ETH) decreased by 4.5 per cent to $3,731.16, Binance Coin (BNB) dipped by 3.2 per cent to sell for $694.82, and Bitcoin (BTC) went down by 3.7 per cent to quote at $97,243.61, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) traded flat at $1.00 each.

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Economy

Oil Prices Jump on Syrian Development, Chinese Monetary Policy Move

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Crude Oil Prices

By Adedapo Adesanya

Oil prices climbed more than 1 per cent on Monday due to fresh geopolitical risk after the fall of Syrian President Bashar al-Assad over the weekend, while China moved towards a different monetary policy stance.

During the session, Brent crude futures appreciated by $1.02 or 1.4 per cent to finish at $72.14 per barrel and the US West Texas Intermediate (WTI) crude futures went up by $1.17 or 1.7 per cent to quote at $68.37 per barrel.

The rebel-led Salvation Government rebels seized the Syrian capital of Damascus and President Assad fled to Russia over the weekend ending a 50-year rule of the Assad family in the Middle East country.

The Prime Minister of the country, Mr Mohammed Jalali, agreed to hand power to the main rebel commander, Mr Ahmed al-Sharaa, better known as Abu Mohammed al-Golani, who met overnight with Mr Jalali and Vice President Faisal Mekdad to discuss a transitional government.

Market analysts noted that this could impact the crude market and increase the geopolitical risk premium on oil prices in the weeks and months to come amid yet more instability in the Middle East region.

The imminent transfer of power follows 13 years of civil war and the end to more than 50 years of brutal rule by the Assad family, leaving Syrians at home and millions of refugees abroad hopeful yet deeply uncertain about their country’s future.

Although Syria is not a major oil producer, it holds geopolitical clout due to its location and ties with top oil producers-  Russia and Iran.

Reuters reported that a tanker carrying Iranian oil to Syria turned around in the Red Sea.

Meanwhile, China will adopt an “appropriately loose” monetary policy next year, the first easing of its stance in 14 years.

China’s economy has struggled this year which has affected oil demand.

This development has prompted policymakers to act with the central bank unveiling its most aggressive monetary easing since the pandemic in September.

The world’s largest oil producer also cut interest rates and injected 1 trillion Yuan ($140 billion) into the financial system, among other steps.

The country is also preparing for the return of US President-elect Donald Trump to the White House in January, after threatening tariffs of 60 per cent or more on Chinese imports.

Traders also remained focused on US inflation data expected later this week that could make a case for a December interest-rate cut by the Federal Reserve next week.

Lower interest rates decrease the cost of borrowing, which can boost economic activity and spur oil demand.

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