The Sustainable Palm Oil Coalition for India (I-SPOC)’s Post

THUMBS UP! Stakeholders Set to Drive Nigeria’s Green Economy Transition As Nigeria joins the global push towards a green economy, stakeholders in the extractive industry are taking critical steps to redefine their role in this transition. The forthcoming 13th Sustainability in the Extractive Industries (SITEI) conference in Lagos, themed “Extractives for Green Growth: The Strategic Role of Extractives in the Just Transition into an Inclusive Green Economy,” will serve as a platform for addressing this challenge. CSR REPORTERS lauds this actioning as convened by CSR-in-Action Group. The conference is set to explore strategies that balance environmental responsibility, economic growth, and social equity. Bekeme Masade-Olowola, Chief Executive of CSR-in-Action and convener of SITEI, has underscored the critical role of the extractive industry in this transformation. https://lnkd.in/d_7uHkcC #CSRREPORTERS #CSRINACTION

Day 7: The Environmental Impact of Bilateral Trade in Nigeria! Solution: How Nigeria Can Balance Trade Growth with Environmental Sustainability!!! 📌1.Adopt Green Technologies: Encourage the use of eco-friendly technologies in industries benefiting from bilateral trade, such as renewable energy and sustainable manufacturing processes. 📌2.Strengthen Environmental Regulations: Implement stricter environmental policies for industries involved in trade, ensuring they adhere to global standards for reducing emissions and managing waste. 📌3.Promote Sustainable Farming: Leverage trade agreements to bring in technologies and practices that support sustainable agriculture, such as water-efficient irrigation systems and organic farming techniques. 📌4.Invest in Environmental Education: Partner with countries that have expertise in environmental sustainability to train local businesses and industries on sustainable practices. 📌5.Encourage Green Products: Foster trade agreements that prioritize the exchange of eco-friendly products, such as renewable energy technology, recyclable materials, and low-carbon products, boosting Nigeria’s green economy. 📌6.Develop Carbon Credits Initiatives: Work with trade partners to create carbon credits markets, where Nigerian companies can trade emissions reductions, benefiting both the environment and the economy. By incorporating these solutions, Nigeria can ensure that its bilateral trade growth does not come at the cost of the environment, but rather supports a greener, more sustainable future.

n. dowuona & company, one of Afriwise's valued network of contributing law firms, unpacks the introduction of Ghana's Green Finance Taxonomy, a significant step towards a sustainable and climate-resilient economy. 🌳 #Contributors #LawFirmNetwork #LeadersInLegalIntelligence #GreenInvestment #Sustainability #Environment #Ghana

🌍 Ghana’s Green Finance Taxonomy is paving the way for sustainable investments! This framework aligns with Ghana's SDGs, defining green criteria for sectors like energy, water, and agriculture. By setting clear standards, it aims to boost investor confidence and guide financial institutions in driving environmental impact. Let's build a greener future together! 💚 Read the piece written by Joelyn Asare to get more insights. #GreenFinance #Sustainability #Ghana

Cambodian Prime Minister Hun Manet has engaged with several Australian business leaders to foster trade and investment in Cambodia. These meetings took place during his visit to Australia, coinciding with the ASEAN-Australia Special Summit in Melbourne. The dignitaries discussed the country's potential in healthcare, logistics, energy, and healthcare sectors. They also discussed the agricultural potential of Cambodia, particularly in rice processing and organic rice production. The Prime Minister emphasized the Royal Government's initiatives to enhance the agricultural sector, including deploying experts to assist farmers and enhancing transport infrastructure and logistics systems. He also emphasized the government's commitment to clean and renewable energy and encouraged Australian enterprises to explore further investment opportunities in Cambodia. The Prime Minister also held discussions with Bran Black, Executive Director of the Business Council of Australia, underlining the robust partnership between the two nations. To know more, visit- https://zurl.co/D9g1 #HunManet #CambodiaAustralia #TradeInvestment #ASEANAustraliaSummit #Healthcare #Logistics #EnergySector #Agriculture #RiceProcessing #RenewableEnergy #EconomicGrowth #BusinessCouncilAustralia #SustainableDevelopment #TheBetterCambodia #Cambodia

🌍 Africa’s abundant and diverse natural resources make it uniquely positioned to be a global leader in green business and finance. ❓ But how can nations across the continent unlock this potential? ➡️ BwB is delighted to announce the launch of the Africa Green Business and Finance Initiative’s (AGBFI) Flagship Report. Developed by the UNDP's Africa Sustainable Finance Hub (ASFH) in collaboration with BwB, the report aims to stimulate on-the-ground actions in #GreenBusiness and #GreenFinance that will have a meaningful positive impact on economic and social well-being across the continent. The publication is part of AGBFI and the ASFH’s wider work to engage with governments, companies, and civil society across #Africa to catalyse green growth. Highlights of the report include: 🔎 Sector-specific analysis of the state of key green growth sectors, including renewable energy, water, agriculture, and technology. 💬 Discussion of innovation themes and the identification of major growth opportunities in green business sectors. 💫 Actionable recommendations, developed in collaboration with governments and the private sector, for accelerating private sector activity in green business sectors. 🟢 BwB Managing Director, Heather Matson, commented: “This report is not only a roadmap, it is a call to action – one that encourages individuals, institutions, and governments to seize the opportunities provided by Africa’s rich and diverse natural resources to become world leaders in sustainable business and finance.” 🔗 Download the report from the UNDP’s website: https://lnkd.in/gZtzQ7fg UNDP Africa UNDP Sustainable Finance Hub Violette Chanza-Santhe, ELVES ZAMBELA, Edouard Folly KUEVIAKOE #AfricaGreenBusiness #GreenFinance #InnovativeFinance #SustainableFinance #GreenTransition #GreenBusinessAfrica

𝐅𝐫𝐨𝐦 𝐈𝐧𝐝𝐞𝐩𝐞𝐧𝐝𝐞𝐧𝐜𝐞 𝐭𝐨 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲: 𝐀 𝐉𝐨𝐮𝐫𝐧𝐞𝐲 𝐟𝐨𝐫 𝐍𝐢𝐠𝐞𝐫𝐢𝐚 Nigeria’s journey continues and sustainability is the key to future development. This Independence Day, let's commit to rethinking, reducing, reusing and of course developing green businesses as part of our national development. Cheer a green business! #CBP #NigeriaAt64 #NigeriaIndependence

Decarbonization - LATAM Perspectives IDB Invest organized a brilliant event this week in the city of Manaus, State of Amazonas, Brazil, to discuss how to capture and scale investments to drive LATAM transition to low carbon, bio and circular economy. I had the pleasure to join a panel of experts - Juan Parodi lead investment officer from IDB Invest, Churlkyu Maeng president from Hyundai Engineering Co. Ltd. moderated by Silvana Bianco, director of infrastructure from IDB Invest - to discuss decarbonization of hard to abate sectors and relevant sectors for LATAM economy, such as the agribusiness. My speech was divided into 2 sections: ✔ impacts of the carbon market rule on our economic sectors: when I pointed out that having a carbon price in Brazil is of the essence for every and each sector and that we need a minimum carbon regulatory framework for the compliance and voluntary carbon markets to reduce risks and make investors a bit more comfortable to allocate capital for our transition ✔ impacts of the EUDR - European Union Deforestation-Free Rule on several of our sectors which are not among the hard to abate but that are directly connected to GHG emissions, as the rules aims at ensuring that commodities and products do not derive from deforested areas. If on the first scenario we discussed the usual suspects - steel, cement, iron etc. - on the second we discussed agribusiness, including live stock and their value chain. We have to roll up our sleeves in LATAM to put a price in our carbon, regulate our market, learn how to enforce our rules and step up our game to face a new global economic development scenario. This was undoubtedly an amazing week! Thanks to the IDB Invest team! Luiz Gabriel Todt de Azevedo Marta Viegas Bruno Sbardellini Cossi Doménica Azúa Angela Miller #SW24  #sustainabledevelopment #sustainabilitymatters #sustainablefinance #sustainableinvesting #sustainabilityreporting #sustainablefuture #lowcarboneconomy #sustainabledevelopmentgoals #bioeconomy #sustainableeconomy #sustainability #circulareconomy #climaterisk #climatechange #climateadaptation #climatefinance #climatechangemitigation #climateaction #climate #climateemergency #climatesolutions #climatetech #climategoals #climatechangeadaptation #climatemitigation

Back to Nairobi. Grateful to Capital Markets Authority- Kenya, ICPAK (Institute of Certified Public Accountants of Kenya) and Nairobi Securities Exchange all incredibly committed to the International Sustainability Standards Board (ISSB) Standards, with adoption announced in September last year. Many discussions about the proportionality and scalability brought into our Standards. And need for capacity building. Enlightened conversation with H.E. Kenya President Ruto and his team on how the IFRS Sustainability Standards can pave the way to putting nature on the balance sheet of Africa, using the multi-capital regeneration model of the Integrated Reporting Framework, and the decision that IPSASB will use our standards for public sector and government sustainability accounting.    Kenya is progressing on its carbon market agenda. We discussed concrete evidence from my own experience in Kenya of projects like Hifadhi, run by Livelihoods Venture which provides improved cookstoves manufactured locally near Nairobi, made affordable due to the inclusion of carbon credits in the economics. As wood is still n1 energy source in rural areas for cooking on 3 stones, Hifadhi is stopping deforestation on 2,500 ha with 2-3 times more efficient combustion, also saving several hours of daily hard wood collection work for women and improving living conditions and cooked nutrients for more than 500,000 people. We also discussed carbon-credit based solutions for soil regenerative farming, saving water and increasing yields in the Rift Valley. Robust carbon market infrastructure informed by global standards and supported with appropriate fiscal incentives will harness the full market potential for sustainable living solutions.

I’m excited to share the disbursement of a USD 35 million bilateral loan agreement between the eco.business Fund and Banco Agromercantil Guatemala. The facility's objective is to further promote #SustainableAgribusiness practices in the region. This financing will directly support #CertifiedCompanies and #GreenProjects in key agricultural sub-sectors such as coffee, banana, and sugarcane, bolstering #ClimateChange adaptation and responsible resource use. Bam, a subsidiary of Grupo Bancolombia and one of the oldest financial institutions in Guatemala, has demonstrated a strong commitment to sustainability. Bam has a strong commitment towards financing sustainable production in the Guatemala's agribusiness sector. The eco.business Fund aims to promote business and consumption practices that contribute to biodiversity conservation, to the sustainable use of natural resources, and to mitigate climate change and adapt to its impacts in Latin America, the Caribbean, and sub-Saharan Africa. https://lnkd.in/eaZ5uqx8