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AIIB Unveils Climate Action Plan, Reinforces Commitment to Tackle Climate Change

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SHARM EL-SHEIKH, Egypt, Sept. 25, 2023 /PRNewswire/ — The Asian Infrastructure Investment Bank (AIIB) has launched its inaugural Climate Action Plan (CAP), a milestone in the Bank’s ongoing commitment to combatting climate change.

Designed to guide AIIB’s climate ambition from 2024-2030, the CAP brings together the principles governing the Bank’s climate financing while identifying crucial action areas that will steer AIIB’s investments in support of its Members. The document is a statement of intent to AIIB’s Members and partners. The CAP is a compass for crafting climate solutions and directing climate financing. It is a dynamic framework that can evolve to stay pertinent and impactful as the ramifications of climate change intensify.

“The Climate Action Plan demonstrates AIIB’s ambition to mobilize our capital, capacity and convening power to help our members in their efforts to address climate change,” said AIIB President and Chair of the Board Jin Liqun. “AIIB stands by our members in the face of climate challenges ahead. We must work together to rapidly reduce greenhouse gas emissions, strengthen resilience against the coming wave of extreme weather events, and safeguard the natural capital that makes life on earth possible.”

The battle against climate change will be decided in Asia, an engine of global economic growth facing heightened vulnerability to climate hazards. Contributing over 50 percent of global greenhouse gas emissions, Asia’s effectiveness in addressing its unique climate challenges is of paramount importance to the sustainability of societies worldwide. Early action offers the opportunity to bend the emission curve, support a just transition and pave the path toward low-carbon development while avoiding the legacy issues experienced by developed economies.

AIIB’s CAP outlines four principles:

1. Meeting Differentiated Member Needs for a Just Approach on Climate Finance: AIIB will tailor climate solutions to individual client needs and circumstances, recognizing the diverse impacts of climate change across Asia and the variations in Members’ income levels, development pathways and capacities to address climate change.

2. Taking a Holistic Approach: AIIB will focus on solutions that simultaneously mitigate climate change, build resilience, enhance adaptation and offer cobenefits for biodiversity and nature conservation. Viewing nature as infrastructure and integrating nature-based solutions into infrastructure design will enhance climate resilience.

3. Mobilizing Capital: Leveraging AIIB’s robust financial position and strengthening financing partnerships to mobilize capital for climate projects.

4. Facilitating Technological Innovation: Promoting innovation for both mitigation and adaptation efforts.

AIIB has set ambitious targets, committing to allocate at least 50 percent of its annual financing approvals as climate finance by 2025. In 2022, the bank attained a 56-percent rate. By the second quarter of 2023, the Bank had achieved a cumulative USD 11.75 billion in climate finance and has financed 107 projects with climate components. In 2023, AIIB issued Asia’s first adaptation bond, demonstrating its commitment to climate resilience. AIIB now aligns all new investments with the principles of the Paris Agreement as of July 1, 2023.

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“This document marks one of the many important steps we must collectively take in our pursuit of a sustainable world free from climate havoc and other natural disasters to the greatest extent possible. We are moving forward on the right course, driven by the understanding that our actions today will shape the destiny of generations to come,” President Jin concluded.

To access AIIB’s Climate Action Plan and learn more about the Bank’s commitment to climate action, please visit here.

About AIIB

The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is financing the Infrastructure for Tomorrow—infrastructure with sustainability at its core. We began operations in Beijing in January 2016 and have since grown to 106 approved members worldwide. We are capitalized at USD100 billion and Triple-A-rated by the major international credit rating agencies. Collaborating with partners, AIIB meets clients’ needs by unlocking new capital and investing in infrastructure that is green, technology-enabled and promotes regional connectivity.

View original content:https://www.prnewswire.co.uk/news-releases/aiib-unveils-climate-action-plan-reinforces-commitment-to-tackle-climate-change-301937390.html

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DeFinity Markets Enhances Digital Asset Security with Chainalysis KYT

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LONDON, Nov. 19, 2024 /PRNewswire/ — DeFinity Markets®, the first full-stack institutional digital asset matching and settlement platform for fiat and digital assets, is thrilled to announce their integration of Chainalysis, the blockchain data platform. This marks a pivotal moment for DeFinity Markets’ risk management and compliance capabilities.

Chainalysis enjoys international acclaim for its blockchain analytics and data offerings, software, and services. Serving a diverse clientele spanning government agencies, cryptocurrency exchanges, financial institutions, insurance providers, and cybersecurity firms across more than 70 countries, Chainalysis has been instrumental in solving high-profile criminal cases and enhancing secure consumer access to digital assets.

By seamlessly integrating KYT, the real-time transaction monitoring solution by Chainalysis, into its platform, DeFinity Markets is committed to equipping its compliance team with robust risk management tools. This integration is set to bolster transparency and fortify security within the digital asset landscape, aligning with DeFinity’s unwavering dedication to fostering equitable and transparent trading practices.

DeFinity clients have the privilege of utilising Chainalysis’ compliance solutions, enabling real-time monitoring and assessment of digital asset transactions to ensure strict adherence to regulatory protocols.

Chainalysis’ cutting-edge technology augments DeFinity’s security architecture, which provides a fortified shield for user data and assets against potential threats and vulnerabilities.

DeFinity’s unwavering commitment to nurturing trust and transparency in the digital asset realm is an imperative facet for institutional investors.

In expressing enthusiasm about this collaboration, Chris Park, Chief Risk Officer at DeFinity Markets, remarked, “We are thrilled to bring cutting-edge compliance solutions to our users operating within the dynamic digital asset market. This integration seamlessly aligns with our mission to provide transparency and security to our esteemed institutional clients. With the wealth of expertise that Chainalysis brings to the table, we are poised to strengthen our position as the preeminent venue for institutional Digital Asset traders.”

Alex Cable, VP North EMEA, Chainalysis: “In today’s dynamic cryptocurrency landscape, trust and security are paramount. DeFinity Markets is on a mission to uphold high standards of compliance and risk management. By leveraging blockchain’s inherent transparency, they are able to provide a secure and reliable platform for their clients.”

About Chainalysis
Chainalysis is the blockchain data platform, making it easy to connect the movement of digital assets to real-world services. Organizations can investigate illicit activity, manage risk exposure, and develop innovative market solutions with deep blockchain data insights. Our mission is to build trust in blockchains, blending safety and security with an unwavering commitment to growth and innovation.

For more information, visit www.chainalysis.com.

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About DeFinity Markets
DeFinity Markets® is the Institutional Standard in Digital Assets Trading and fiat rails. DeFinity is built on institutional-grade technology offering unprecedented digital assets market access to globally leading Financial Institutions seeking to diversify their portfolio. The DeFinity management team has applied decades of knowledge of traditional financial markets to create the DeFinity ECN with direct market access. Platform participants can transact fiat FX trades with the digital asset’s component completed on the DeFinity ECN. The ECN is custody-agnostic and provides FIX API access, a standardized rulebook powered by an embedded AML/KYC framework. We aggregate quotes from market makers on which qualified clients can transact digital assets. DeFinity offers access to liquidity across all major digital assets, including stable coins. The DeFinity ECN supports fiat currencies including GBP, EUR, USD crosses supported by an integrated fiat on and off-ramp gateway.

For further information, please visit: www.DeFinitymarkets.com.

Contact
Media Room DeFinity Markets
[email protected] 

View original content:https://www.prnewswire.co.uk/news-releases/definity-markets-enhances-digital-asset-security-with-chainalysis-kyt-302308872.html

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3 million[¹] Brits face ‘energy poverty’ as over a third dip into savings to cover bills this winter: Aira Reports

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  • 65% of UK homeowners are significantly impacted by rising energy costs with 34% dipping into their savings to pay for energy bills
  • A generation of ‘eco-curious’ consumers are demonstrating a new interest in living more sustainably, yet perceptions of high upfront costs are preventing 57% of people from considering a heat pump
  • Heat pumps have already cut CO2 emissions by 8 million tonnes[2] with the potential to save households up to 25% on heating costs

LONDON, Nov. 19, 2024 /PRNewswire/ — A new report by clean energy-tech company, Aira reveals that 65% of UK homeowners[3] are significantly impacted by rising energy costs, proving the critical need to shift towards more sustainable and cost saving heating solutions.

The risk of ‘energy poverty’ – when a household has to reduce its energy consumption to a degree that it has a negative impact on an individual’s health and wellbeing – has been quietly growing throughout the cost-of-living crisis, with over a third (34%) of UK homeowners having to dip into savings to pay their energy bills.

The physical and emotional impact is being felt across the nation, with 75% of people in Yorkshire and The Humber having restricted their use of heating to reduce energy costs and 13% of Londoners experiencing a lack of sleep.

Aira’s latest report, The Era of the Eco-curious: can I live more sustainably and spend less? reveals that people are already taking small steps to live more sustainably, with 37% of Brits switching to eco-mode on their washing machine, 29% buying second-hand clothes and 25% using appliances out of peak periods. Whilst 57% of people still associate heat pumps with high upfront costs, these small steps highlight the desire to live more sustainably and create new hope for heat pump adoption.

Industry experts argue that despite the challenges of the cost-of-living crisis, the combination of increasing energy costs and lower incomes is encouraging a broader reevaluation of energy usage, driving a new era of eco-curious consumers.

The data, however, shows that there’s room to increase consideration and uptake as 54% of people say they would switch to a heat pump if they perceived them as more affordable, signaling an opportunity for both governments and businesses to help accelerate adoption with education and increase accessibility with financial incentives.

Carolyn Snell, Professor of Social Policy at the University of York, says: “There can be a perception that heat pumps are more expensive to run, they’re difficult, and they’re not going to make things as warm as you want them. There’s a real lack of good information around it, and a lack of trusted information as well. Historically, energy is an area where there’s a lot of mistrust – it goes back to the 1990s.”

By making the simple shift to cleaner, greener heat pumps, people can save £560 on their annual energy bills[4] and disruptor brands, like Aira, are already working to remove barriers to adoption, with monthly payment plans and extended warranty for peace of mind. 

Pamela Brown, Aira’s Consumer Expert, says: “Our report shows that energy costs are now a critical challenge for households and are creating anxiety as winter approaches. However, a generation of eco-curious individuals are slowly realising that their carbon footprint—and their energy bills—can be drastically reduced by adopting clean energy-tech. At Aira we increase accessibility to these solutions with monthly payment plans and offer complete peace of mind with a 15-year guarantee, enabling people to live sustainably without spending more.”

Notes to editors:

Survey methodology:

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A total of 5,500 homeowners in Germany, Italy and the UK were surveyed for this study. The survey was conducted by the international market research agency OnePoll on behalf of Aira and took place between 7 and 9 October 2024. The survey was conducted in online format as a CAWI (Computer Assisted Web Interviewing) and was aimed at homeowners who use an independent heating system. The sample comprised 2,000 participants from Germany, 2,000 from the UK and 1,500 from Italy, ensuring a representative database for these countries.

About Aira

Aira provides clean energy-tech solutions to consumers and is becoming Europe’s number one direct-to-consumer brand within the industry. Aira accelerates the electrification of residential heating with intelligent clean energy-tech to enable the net zero future we all need. With Aira, consumers across Europe have a go-to-provider for complete home energy saving solutions, with intelligent heat pumps at the heart. Aira’s vertically integrated model, combined with a consumer-centric monthly payment plan that requires zero upfront cost, enables best-in-class consumer economics and cost leadership. Aira’s mission is to take Europe off gas by empowering people to join the clean energy revolution, one home at a time. Founded in Stockholm, Sweden, by Vargas Holding and backed by climate and innovation investors including Altor, the Burda family, Collaborative Fund, Creades, Kinnevik, Lingotto, Nesta Impact Investments, Statkraft Ventures, and Temasek. https://www.company.airahome.com

[1] The UK Fuel Poverty Monitor report from National Energy Action (NEA) and Energy Action Scotland (EAS), 2024

[2] European Heat Pump Association data published in Euronews, 2023

[3] Aira survey conducted of homeowners with an independent heating system – 2000 German respondents, 2000 UK respondents, 1500 Italian respondents

[4] £560 potential cost saving based on switching from fossil fuel boiler to Aira Heat Pump and Aira Zero integrated time of use tariff

View original content:https://www.prnewswire.co.uk/news-releases/3-million1-brits-face-energy-poverty-as-over-a-third-dip-into-savings-to-cover-bills-this-winter-aira-reports-302308983.html

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Uniqus Consultech Onboards UST as an Investor, as Part of its Previously Announced Series B Round

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Strategic collaboration to deliver greater value to clients by leveraging consulting capabilities alongside technology-led transformation

MUMBAI, India and DUBAI, UAE, Nov. 19, 2024 /PRNewswire/ — USTa leading digital transformation solutions company, has invested in Uniqus Consultech, a tech-enabled global platform that offers consulting solutions in the accounting & reporting, finance operations, governance, risk, ESG, and technology domains. This investment, part of Uniqus’ previously announced Series B round, will lay the foundation for a strong collaboration between the two companies.

The alliance between UST and Uniqus combines deep functional knowledge and strong technology capabilities to help clients better solve core business challenges and fully harness the power of technology, including AI/GenAI. As a part of the strategic collaboration, UST will leverage Uniqus’ extensive practical experience in the areas of finance, risk, and sustainability to identify and implement the best digital solutions for its clients.

UST will be able to offer an expanded solution portfolio to help clients navigate evolving and complex regulatory requirements, assess environmental impacts, enhance supply chain transparency, and improve social impact initiatives by integrating Uniqus’ ESG capabilities into its offerings. Uniqus’ AI-enabled – ESG UniVerse platform tracks, measures, and reports on ESG metrics, including carbon emissions, and facilitates engagement with supply chain partners. UST will leverage Uniqus’ finance and risk transformation capabilities to provide comprehensive finance and risk solutions and platforms to its clients.

Jamil Khatri, Co-Founder & Chief Executive Officer, Uniqus, said, “Organizations want technology to enable them in solving business problems effectively and get real benefits. UST’s transformative engineering and innovative ecosystem in combination with Uniqus’ deep domain experience on sustainability, finance, and risk will elevate our product and service offering to clients across the globe. We are truly excited to embark on this journey together with UST, introducing new capabilities to serve a large, combined client base in a holistic manner.”

“Corporate sustainability, responsible business practices, and ESG consulting have become integral to building a comprehensive modern corporate strategy, and integrating Uniqus’ ESG capabilities into our portfolio will enable UST to serve our clients better and differentiate ourselves in an increasingly competitive landscape. This relationship with a market leader is an excellent opportunity to enhance our service offerings and drive sustainable growth while laying the groundwork for a more sustainable and resilient economy,” said Vijay Padmanabhan, Chief Financial Officer, UST.

With this investment, UST continues to expand its ecosystem of strategic partnerships, driving cutting-edge solutions. UST or Uniqus Consultech, did not disclose the investment value.

About Uniqus Consultech:

Uniqus Consultech is a global tech-enabled consulting company that specializes in Accounting & Reporting, ESG and Tech Consulting. The Company is co-founded by consulting veterans Jamil Khatri and Sandip Khetan and backed by marquee investors such as Nexus Venture Partners, Sorin Investments, and other angel investors. Anu Chaudhary, a global ESG specialist with over 20 years of experience, serves as the Global Head of ESG. Abhijit Varma, a veteran technology specialist, leads Tech Consulting globally.

Uniqus has a global team of 500 professionals led by 50+ Partners & Directors across eleven offices in the USA, Middle East and India. The company serves more than 200 clients, including marquee names such as HDFC Bank, Reliance Industries, Al Rajhi Group, Arab National Bank, The National Shipping Company of Saudi Arabia (Bahri), Burjeel Holding, Tawal, Flipkart, GE and GAP.

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Uniqus is committed to leveraging technology and an integrated global delivery model to provide best-in-class consulting services that drive measurable results and create long-term value for its clients.

For more information, please visit: www.uniqus.com

About UST

Since 1999, UST has worked side by side with the world’s best companies to make a powerful impact through transformation. Powered by technology, inspired by people, and led by our purpose, we partner with our clients from design to operation. Our digital solutions, proprietary platforms, engineering expertise, and innovation ecosystem turn core challenges into impactful, disruptive solutions. With deep industry knowledge and a future-ready mindset, we infuse innovation and agility into our clients’ organizations—delivering measurable value and positive lasting change for them, their customers, and communities around the world. Together, with 30,000+ employees in 30+ countries, we build for boundless impact—touching billions of lives in the process. Visit us at www.UST.com.

Media Contacts, UST:
Tinu Cherian Abraham
+1 (949) 415-9857 (US)
+91-7899045194 (India)

 Merrick Laravea
+1 (949) 416-6212

Neha Misri
+44-7341787926

Roshini Das K
+91-7736795557

[email protected]

Media Contacts, India.:
Adfactors PR
[email protected] 

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Media Contacts, U.S.:
S&C PR
+1-646.941.9139
[email protected]

Makovsky
[email protected] 

Media Contacts, U.K.:
FTI Consulting
[email protected] 

Logo: https://mma.prnewswire.com/media/1422658/UST_Logo.jpg

 

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