Yet while the world must transition towards net zero carbon emissions to ward off the impending climate change disaster, there is also acknowledgement globally that there needs to be a just transition that decarbonises without causing social harm. The 2021 GSG Global Impact Summit, in which Old Mutual Investment Group participated as a platinum sponsor, highlighted the flood of global investment capital towards impact investment opportunities. The third mechanism for bringing impact investment squarely into the mainstream will be through an increased focus on active ownership and stewardship of investee companies within investment portfolios. For South Africa to achieve a just transition to net zero we will need to have a synchronised effort from businesses, communities, government and regulators. These measures will be critical in devising social and poverty nets so that no one gets left behind in the transition.

Source: The North Africa Journal November 23, 2021 12:31 UTC