GEFI hosted a series of enlightening evening lectures on the 3rd, 4th, and 5th of December at COP28, delving into the profound ideas of Adam Smith and Ibn Khaldun.

With over 130 practitioners in attendance throughout the three evenings, the lectures explored radical and well-tested theories regarding climate’s impact on the rise and flow of economies and nations; unlocking systemic change and identifying leverage points for sustainable transformation; and the relationship between profit and purpose.

Each evening commenced with a keynote address from a finance sector practitioner, followed by insightful lectures on the topics from the perspectives of Ibn Khaldun and Adam Smith. The engaging format concluded with interactive Q&A sessions with the audience.

3rd December: Climate’s Impact: The Rise and Fall of Economies and Nations, DIFC Academy

  • MC Words of Welcome by Simon Thompson, Chief Executive, Chartered Banker Institute
  • GEFI Words of Welcome by Omar Shaikh, Managing Director, GEFI
  • Keynote address on Systemic Risk by Saker Nusseibeh, CEO of Federated Hermes
  • Lecture by Dr. Aref Ali Nayed, Founder and Chairman of Kalam Research & Media, on the Ibn Khaldun perspective
  • Lecture by David Pitt-Watson, Global Steering Group, GEFI, on the Adam Smith perspective
View our detailed Summary of this event

4th December: Unlocking Positive Systemic Change: Identifying Leverage Points for Sustainable Transformation, DIFC Academy

  • MC Words of Welcome by Simon Thompson, Chief Executive, Chartered Banker Institute
  • Keynote address on the Role of Finance in Unlocking Positive Systemic Transformation by Amal Larhlid, Partner, PwC
  • Lecture by Tan Sri Azman Mokhtar, Chairman, Leadership Council of the Malaysia International Islamic Finance Centre (MIFC); Global Steering Group, GEFI, on the Ibn Khaldun perspective
  • Lecture by Prof. Adam Dixon, Adam Smith Chair in Sustainable Capitalism, Adam Smith’s Panmure House, Edinburgh Business School, Heriot-Watt University, on the Adam Smith perspective
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5th December: The Relationship between Profit and Purpose, Heriot-Watt University Climate Hub

  • MC Words of Welcome by Dr. Erika Anderson, Research Analyst, GEFI
  • Host Welcome Keynote by Prof. Adam Dixon, Adam Smith Chair in Sustainable Capitalism, Adam Smith’s Panmure House, Edinburgh Business School, Heriot-Watt University, on maintaining Adam Smith’s Legacy- Panmure House
  • Presentation on Macro-Hedging for Climate by Dr. Frederic Samama, Head of Strategic Development, S&P Global Sustainable
  • Lecture by Professor Mehmet Asutay, Professor of Middle Eastern and Islamic Political Economy & Finance; Director, Durham Centre for Islamic Economics and Finance, Durham University Business School, UK, on the Ibn Khaldun perspective
  • Lecture by David Pitt-Watson, Global Steering Group, GEFI, on the Adam Smith perspective
View our detailed Summary of this event

The evening lectures enriched COP discussions by promoting a broader perspective that bridges the gap between theory and practical application. Practitioners were encouraged to momentarily distance themselves from the technicality of sustainable finance discussions and instead delve into the overarching and foundational theories.