Three Nigerians have been appointed as members of the global
Independent Impact Taskforce (ITF) by the United Kingdom’s 2021 presidency of
the G7.
They are Ibukun Awosika, founder of The Chair Centre Group,
Uche Orji, managing director of Nigeria Sovereign Investment Authority (NSIA),
and Arunma Oteh, former director-general of the Securities and Exchange
Commission and an academic scholar at the University of Oxford.
The ITF members will proffer solutions for a sustainable and
inclusive recovery from the COVID-19 crisis and promote impact-driven economies
and societies in the long term.
It will also bring together relevant, diverse, and practical
voices who are focused on maximising the impact of investments, drawing from
the G7 countries and beyond.
According to a statement by Global Steering Group for Impact
Investment (GSG), a global group catalysing impact investment and enterprise,
the taskforce will be chaired by Nick Hurd, former UK member of parliament and
minister, who chairs the Access Foundation for Social Investment and led the UK
Government’s work to scale the development of the impact investment market
between 2010-2015.
The working group dedicated to the harmonisation of impact
reporting and transparency will be led by Douglas L. Peterson, president and
chief executive officer, S&P Global, while the group working on the
creation of impact financing vehicles will be headed by Dame Elizabeth Corley,
former CEO of Allianz Global Investors and chair of the Impact Investing
Institute.
Sir Ronald Cohen, who led the Social Impact Investment
Taskforce established under the UK’s presidency of the G8 in 2013, joins as
senior advisor and taskforce member.
In an Instagram post on Tuesday, Awosika expressed delight
to be among the team of individuals to serve on the new impact taskforce.
Nick Hurd, chair of the Impact Taskforce, said, “The state
of our world requires a change in mindset from governments and the market. It
will not be enough for private capital to do less harm. We need to mobilise
trillions of dollars into investments that combine return with positive social
or environmental impact. The Impact Task Force will show how that can be done.”
Cliff Prior, chief executive of the Global Steering Group
for Impact Investment (GSG), commented: “We are delighted to have been asked by
the UK government to lead the secretariat of the Impact Taskforce. Robust
reporting standards and innovative investment structures are absolutely central
to the development of the impact Investing market that benefits people and the
planet. The creation of the Taskforce will put an impact ecosystem firmly on
the G7 agenda as countries around the world seek solutions for fair and just
recoveries from the COVID-19 crisis.”
Sarah Gordon, CEO of the Impact Investing Institute, said,
“Impact investment has the potential to contribute to solutions to some of the
biggest challenges we face – whether that is a just recovery from the pandemic
or addressing the climate crisis. To harness private capital at scale for the
public good, we need structures that meet investors’ requirements and deploy
capital where it is needed, improving access to decent jobs, education and
healthcare, and investing in a just transition to a net-zero world.”
Click to signup for FREE news updates, latest information and hottest gists everyday
Advertise on NigerianEye.com to reach thousands of our daily users
No comments
Post a Comment
Kindly drop a comment below.
(Comments are moderated. Clean comments will be approved immediately)
Advert Enquires - Reach out to us at NigerianEye@gmail.com