The fight for a liveable planet will be won or lost in this decade and to safeguard our future we must all act now to avert a climate disaster.
COP28 will be a defining moment with the UAE expected to lead the way in terms of finding realistic, practical, and pragmatic solutions to accelerate the global energy transition. As the host nation, the UAE Government will raise ambition and demand action. Local financial institutions will be expected to commit to net zero and sustainability targets that are underpinned by clear strategies and transparent disclosures.
“The UAE’s hosting of COP28 will be the most prominent event for the country in 2023”
Sheikh Mohammed bin Rashid, Prime Minister and Ruler of Dubai
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Family Offices and Private Equity Investors
Family offices, with AUM of US$5.9 trillion in 2019 (Campden Research, Global Family Office Report 2019), and private equity investors, with AUM sitting at US$6.3 trillion in 2021 (McKinsey’s Private Markets Annual Review), can help realise COP28 ambitions by quickly and ethically leveraging privately-owned capital to invest towards the net zero transition. This provides an opportunity to deliver verifiable impact and profits.
As finance providers align investment portfolios to help achieve net zero targets, corporate groups and supply chain partners will be challenged to measure and monitor climate-related disclosures.
Our Climate / Sustainability Offering
- Help build internal awareness and understanding
- Map and benchmark current approach
- Establish a strategy aligned with global best practice initiatives and frameworks
- Develop and implement policies and processes
- Set targets that are measured and reported on annually
- Track to ambitions by monitoring and validating progress
- Review processes and make recommendations for optimisation
- Execute chosen business and financial plans and align with ESG targets and policies
- Increase involvement in and exposure to ESG positive investment activities
- Encourage continuous improvement
“We are in the fight of our lives and we are losing … and our planet is fast approaching tipping points that will make climate chaos irreversible. We are on a highway to climate hell with our foot on the accelerator.”
António Guterres, United Nations Secretary General
Our Approach
R. J. Fleming & Co (RJF), a Dubai-based boutique merchant bank of the Fleming family, and Global Ethical Finance Initiative (GEFI), a UK-based non-profit dedicated to enabling finance to deliver positive change, are working together to advise and support GCC-based family offices, private equity investors and corporate groups in identifying, promoting, and implementing actions towards the achievement of the Paris Agreement, UN Sustainable Development Goals (SDGs).
This will support help to deliver global COP28 objectives as well as local net zero and sustainability targets.
By combining the RJF and GEFI teams we can access a pool of global practitioners with the knowledge and expertise to deliver world-class advice and support to prospective clients.
Our flexible 7-step approach provides a useful framework to financial institutions to develop and implement a climate / sustainability strategy. It has been designed to enable our team to step in at any given point in our clients’ climate / sustainability journey.
1. Review
Assessing the current approach to climate / sustainability, understanding the
ambition and mapping relevant industry frameworks / initiatives and benchmarks.
2. Align
Establishing a climate / sustainability strategy and aligning with international collaborative groups and initiatives
3. Implement
Developing and updating policies, sustainability KPIs/metrics, reporting framework and communications narrative
4. Embed
Understanding and implementing ‘quick wins’, embedding long-term actions into business strategy and internal raising awareness
5. Review
Monitoring and reporting on performance
6. Improve
Enhancing performance and disclosure through verification, optimisation of processes
7. Strategic Investment Advice
Advising on potential corporate actions that could be taken to align groups, companies or portfolios more closely to established ESG targets, or to increase exposure to and participation in aligned businesses and sectors
Contact
To discuss our offering in more detail, please get in touch with Jonathan Hall of R. J. Fleming & Co.
R. J. Fleming & Co, based in Dubai, UAE, is the boutique investment bank and advisory firm owned and associated with R. J. Fleming & Co. Ltd in London, which was founded by Roderick J. Fleming, Chairman of Robert Fleming & Co, one of Britain’s oldest Merchant Banks. Today, R. J. Fleming & Co operates as an independent, discrete and trusted advisor to institutions and family office principals on regional, international and cross-border transactions, debt and equity investments.
Jonathan Hall
Managing Director (DIFC)
R. J. Fleming & Co.
+971 50 645 5831
j.hall@rj-fleming.com
www.rjfleming.com
In partnership with
The Path to COP28 is a 12 month initiative to drive commitment and action ahead of COP28, hosted between 30 November to 12th December 2023 in Dubai Expo City, UAE.
This service offering has been developed as part of the Path to COP28 campaign to support local family offices, private equity investors and corporate groups to take action ahead of the UN climate summit in November / December 2023.
For the broader campaign, we invite financial institutions and financial services stakeholders committed to helping make finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development to get involved.
Please contact Jonathon Hall of R. J. Fleming to discuss this service offering.