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 |    Media Releases   |    Combating Climate Change



Firms call for Concerted Efforts to Combating Climate Change.


In recognizing the dangers posed by climate change globally, two prominent firms, RegCharles Finance and Capital Ltd (RFC), an investment company in Nigeria and Finance Alliance for Sustainable Trade, (FAST), an internationally‐focused, member‐driven, non‐profit association representing financial institutions committed to sustainable production and the trade of sustainable goods based in Canada,  have called on private and public organizations to take urgent steps to address the phenomenon, saying “the world has being pushed into a point of no return”.


They made this clarion call at the International Finance Corporation (IFC) and Central Bank of Nigeria (CBN) sustainable banking forum held from March 3-4, 2014 in Lagos. The forum which was organized by CBN and IFC, World Bank Group (WBG) in conjunction with financial sector regulators and financial services providers had as its theme “Sustainable Banking in Nigeria and around the Globe”. Speaking on behalf of RFC, Group Managing Director, Peter Damian Mbama highlighted that the forum could not have come a better time than now considering threats of global change on the ecosystem, poverty, destruction of biodiversity, pressure on food source, price and security, lack of energy and infrastructure. He charged the world to do more than paying mere lips service to combat climate change, warning that the planet is being pushed to a tipping point of no return.Mr. Mbama who also spoke on behalf of FAST, Canada, of which RFC is a member organization in Nigeria, included that “FAST was determined to channel their investments and resources into enterprises that primarily address environmental issues. As Impact Investors, both organizations make investments companies and organizations with the intention to generate a measurable, beneficial social and environmental impact alongside a financial return”.


He said in their bid to synergize initiatives, across continents, in order to catalyze impact investment sector’s development, RegCharles and FAST entered into a partnership on in 2013 to make this a reality.   “Both companies have been channeling their resources through investments in chosen Small and Growing Businesses (SGBs), thereby generating social and environmental values as well as, financial returns.  In addition, RegCharles and FAST have funded impactful innovation in sectors as diverse as sustainable agribusinesses, clean technology, small and medium enterprises (SMEs) and financial empowerment for people at the bottom of the pyramid (BoP). 


In his closing remarks, Mbama reiterated that development impact of their investments including reduction in deforestation, reduction in production of non-biodegradable waste and encourage the use of natural gas, which is usually flared as a by-product in oil exploration activities. “We also encourage our investee businesses to form strategic partnerships with governmental agencies such as Lagos Waste Management Agency in sourcing for resources for their businesses. As impact investors, we cannot exist as an island, we urge attending government agencies, CBN, IFC, other financial institutions and economic stakeholders in Nigeria to embrace Impact Investing, as part of their investment objectives, in businesses that provide innovative solutions for the environment and address issues surrounding climate change.”


He challenged the global community, businessmen, politicians and policy makers to do more now because addressing the threats of climate change will require concerted efforts of all stakeholders to achieve this.
































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