Fintech PR
ADGM, the Region’s Leading Climate Finance Hub, Announces its Role as Principal Partner at COP28
- ADGM will host the ‘Climate Finance Action Pavilion’ and showcase its thriving climate finance ecosystem.
- ADGM has successfully introduced the region’s first comprehensive sustainable finance regulatory framework and environmental instruments to its capital markets framework, bringing the world’s first regulated voluntary carbon exchange, AirCarbon Exchange (ACX) under its jurisdiction.
- ADGM chairs the UAE Sustainable Finance Working Group (SFWG) composed of UAE regulatory authorities, Federal Ministries and exchanges.
ABU DHABI, United Arab Emirates, Nov. 21, 2023 /PRNewswire/ — Abu Dhabi Global Market (ADGM), the international financial centre of UAE’s capital, announced today its appointment as ‘Principal Climate Finance Partner’ at COP28, set to run in the UAE from 30th November to 12th December 2023. This partnership highlights ADGM’s strategic emergence as the leading climate finance hub in the region, which has been supporting capital formation and deployment as well as the creation and issuance of innovative financial products and regulations to achieve progress towards bridging an estimated USD 11 trillion of capital needed for net-zero by 2050.
As the Principal Climate Finance Partner, ADGM will be staging a series of strategic negotiations and interactive discussions across the blue and the green zones showcasing its thriving climate finance ecosystem during COP28.
Presented on the thematic day of “Finance, Trade & Gender Equality” at COP28, ADGM will also host on 4th December 2023, its sixth edition of the Abu Dhabi Sustainable Finance Forum (ADSFF) in partnership with Masdar a major initiative within, as part of the Abu Dhabi Sustainability Week platform. This year’s ADSFF holds added importance as it marks the UAE’s year of sustainability and serves as a global platform to convene influential international leaders’ commitment to addressing the USD 11 Trillion climate financing gap faced globally and representing the UAE and Abu Dhabi as a ‘Capital of Green Capital’.
The upcoming forum is set to feature high-profile C-level executives hailing from renowned global financial institutions, including JP Morgan Chase, Morgan Stanley, BNP Paribas, General Atlantic, Tikehau Capital and Euroclear, Southbridge, One Planet Sovereign Wealth Fund (OPSWF). The agenda is rich with key progress milestones, notably the unveiling of the evolving investment strategies employed by Sovereign Wealth Funds in partnership with OPSWF. Additionally, an exclusive interview will examine Abu Dhabi’s ascent as a rising capital of climate finance, accompanied by a significant announcement from the Lord Mayor of the City of London.
The event promises special insights into the ever-evolving regulatory landscape surrounding climate finance, with a dedicated focus on enhancing carbon markets and fostering innovation in financing solutions. Attendees can also anticipate a compelling interview with the President of JP Morgan Chase, shedding light on one of the world’s largest banks and its strategic approach to financing the transition. This forum is poised to deliver valuable perspectives and updates at the forefront of global finance.
Commenting on the significance of COP28 and its participation, H.E Ahmed Jassim Al Zaabi Chairman of ADGM said, “We are honoured to take on the pivotal role of Principal Climate Finance Partner at COP28, a testament to our enduring commitment to sustainable finance and environmental stewardship. The upcoming gathering of world leaders in the UAE is poised to be a decisive moment, promising to be an impactful and inclusive ‘Conference of the Parties,’ emphasising inclusivity and solutions-driven dialogue. We look forward to actively contributing to COP28’s objectives and leaving a lasting legacy in climate finance in the UAE and beyond.”
ADGM’s strategic presence at COP28 represents another milestone in its ongoing contribution to sustainability-related initiatives. The international financial centre successfully introduced the region’s first comprehensive regulatory framework for Sustainable Finance, encompassing the region’s most extensive ESG disclosure requirements for relevant entities within ADGM and regulations for funds, discretionary managed portfolios, bonds and sukuks designed to accelerate the transition of the UAE to net zero greenhouse gas emissions. Another regulatory amendment last year introduced an environmental instrument as a class of financial instrument, allowing carbon offsets to come under its regulatory framework and bringing the world’s first regulated voluntary carbon exchange, AirCarbon Exchange (ACX), to Abu Dhabi.
In its efforts to build collaboration and strengthen the sustainability agenda across Abu Dhabi and the UAE, ADGM in 2019 established the UAE Sustainable Finance Working Group (SFWG) composed of UAE regulatory authorities, Federal Ministries and exchanges and continues to take the initiative for the Abu Dhabi Sustainable Finance Declaration, which has over 100 signatories.
These endeavours position ADGM’s dedication to advancing sustainable practices, building a Green Financial Centre of the future with a strong focus on environmental, social, and governance considerations.
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View original content:https://www.prnewswire.co.uk/news-releases/adgm-the-regions-leading-climate-finance-hub-announces-its-role-as-principal-partner-at-cop28-301994757.html
Fintech PR
Acceleration of global marketing collaboration between Milk Partners, AirAsia rewards, and The Sandbox
– Milk Partners, AirAsia rewards and The Sandbox are collaborating to provide a new experience allowing users to earn real-world value through the metaverse gaming platform
– Launching metaverse game project ‘MiL.k X BIGGIE Wonderverse’ offering SAND Tokens, Milk Coins and AirAsia points
– “MiL.k is committed to continuously expanding its blockchain ecosystem through strategic partnerships with global partners.”
SEOUL, South Korea, Oct. 23, 2024 /PRNewswire/ — Milk Partners has announced a collaboration with The Sandbox, the global metaverse platform, and AirAsia rewards, the loyalty program of Asia’s leading online travel agency (OTA), AirAsia MOVE. This partnership is set to offer global users an immersive Web3 experience where they can earn rewards with real-world value through engaging in a metaverse-based game.
The newly launched ‘MiL.k X BIGGIE Wonderverse’ metaverse game allows users to earn Sand Tokens, Milk Coins, and AirAsia points. The game is inspired by BIGGIE, the mascot of AirAsia rewards, and modeled after the BIGGIE Wonderland mini-game in the AirAsia MOVE app. Users need to first complete tasks by collecting Milk Coins (symbolized game assets) in the Sandbox metaverse, which can be exchanged for other game assets such as virtual AirAsia points, virtual passports, and virtual boarding passes. Once all tasks are completed, users will then be rewarded with Milk Coins, Sand Tokens, and AirAsia points.
This collaboration has been based on MiL.k’s reliability and strong global network, which has steadily expanded partnerships with major global companies and has become an innovative model for the industry.
This collaboration is part of MiL.k’s broader strategy to expand its blockchain-based loyalty ecosystem, which already includes partnerships with SK OK Cashbag, Lotte L.Point, CU, Megabox, Yanolja, and others. AirAsia rewards operates a comprehensive loyalty platform for the AirAsia group, enhancing its travel and lifestyle businesses, including airlines, online travel agent (OTA), logistics, aviation services, e-commerce, financial services, and more. The Sandbox, a global metaverse platform with over 6 million users, offers a unique space for creating games and generating revenue. Together, AirAsia rewards and The Sandbox will further expand MiL.k’s ecosystem through global partnerships.
The CEO of Milk Partners, Jungmin Cho said “Following our successful collaboration event with CU, we are happy to announce the next event with AirAsia rewards. Through this partnership, for partners, we are providing a new marketing channel on metaverse and for users, we are expecting to share the fun experience and real benefits.” He added, “We will continue to explore various opportunities with global partners across diverse industries.”
In June, MiL.k introduced a metaverse experience ‘Play CUX MiL.k’ with CU and The Sandbox, offering users an engaging new way to explore blockchain and the metaverse. MiL.k is committed to continuously expanding its global partnerships to provide more exciting experiences for global users.
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View original content:https://www.prnewswire.co.uk/news-releases/acceleration-of-global-marketing-collaboration-between-milk-partners-airasia-rewards-and-the-sandbox-302282640.html
Fintech PR
H&M Foundation: Global Change Award 2025 launched – with a mission to accelerate innovation for a net-zero textile industry by 2050
STOCKHOLM, Oct. 23, 2024 /PRNewswire/ — The H&M Foundation today announces a significant shift in its overall strategic direction, focus on supporting the textile industry in halving its greenhouse gas emissions every decade by 2050, while promoting a just and fair transition for both people and the planet. The innovation challenge Global Change Award 2025 (GCA) is the first initiative to reflect this shift.
GCA is now seeking innovative ideas addressing different high emission areas across the textile industry value chain, including sustainable materials and processes, responsible production, mindful consumption, and ‘wildcards’ that support the GCA purpose. Today, only a fraction of philanthropic capital is directed to climate.
“The textile industry needs all hands-on deck if we are going to meet our climate goals by 2050, and we must ensure this transition is fair for everyone. I really believe that innovation is key to decarbonising the industry, and that the Global Change Award can play a role in identifying and growing future changemakers whose ideas can have a transformative impact if given the right support,” says Karl-Johan Persson, Board Member of the H&M Foundation.
Since GCA launched in 2015, 46 innovations have received support and a combined grant of 8 million euros. While it continues to award 10 winners every year, with each receiving 200,000 EUR, there are other key updates to the GCA:
- New focus area – decarbonising the textile industry.
- Holistic approach – equipping changemakers with a holistic people and planet mindset.
- Wider range of changemakers – switching to a nomination-based process, instead of an open application system.
- Systems change approach – equipping changemakers to consider the entire textile value chain and its interconnectedness while also considering the impact on people.
“While the industry is hungry for innovation, the holistic perspective to decarbonisation is often lacking, and the critical early stages of an innovator’s journey overlooked – this is where philanthropy can make a real difference”, says Annie Lindmark, Programme Director for Innovation at the H&M Foundation.
In addition to financial support, winners will gain access to a powerful network of mentors, collaborators, and industry leaders to help bring their solutions to life. Together with partners Accenture and KTH Royal Institute of Technology, H&M Foundation will invite the winners to participate in a yearlong, tailormade Changemaker Programme. The Global Change Award 2025 winners will be announced in April 2025.
CONTACT: Jasmina Sofić, Media Relations Responsible, +4673 465 59 59
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View original content:https://www.prnewswire.co.uk/news-releases/hm-foundation-global-change-award-2025-launched—with-a-mission-to-accelerate-innovation-for-a-net-zero-textile-industry-by-2050-302283317.html
Exclusive tech event will convene business leaders, investors and thought leaders in 2025
LAGUNA BEACH, Calif., Oct. 22, 2024 /PRNewswire/ — Dow Jones announced today the expansion of WSJ Tech Live through a multi-year agreement that will bring the marquee event to the State of Qatar starting next year. Appearing on stage at this year’s event in Laguna Beach, Calif., Sheikh Jassim bin Mansour bin Jabor Al Thani, Director of the Government Communications Office of the State of Qatar, and Almar Latour, publisher of The Wall Street Journal and CEO of Dow Jones, jointly announced that WSJ Tech Live Qatar will debut in late 2025 and take place annually for five years.
This marks the first time WSJ’s most exclusive tech event will be held in the Middle East. The invitation-only conference will bring together an audience of over 200 C-suite executives, investors, innovative startups and influential venture capitalists from across the world. Dow Jones will continue to operate WSJ Tech Live annually in California while adding WSJ Tech Live Qatar to the calendar starting in December 2025.
Sheikh Jassim highlighted that the conference aligns with Qatar’s vision to become a global hub for advanced technology and innovation, as outlined in the Third National Development Strategy and Qatar National Vision 2030.
“Hosting WSJ Tech Live marks another significant step in the growth of Qatar’s technology ecosystem,” said Sheikh Jassim. “When the world’s top tech leaders gather in Qatar, it will create an unparalleled opportunity to benefit from their diverse expertise, insights and global networks. This will inspire local talent, attract international investment, and create avenues for strategic global partnerships that propel our development journey forward.”
“Dow Jones and The Wall Street Journal deliver reliable journalism, data, and analytics to business professionals worldwide, and to do so we must reflect the entire global business community,” said Latour. “With the MENA region’s growth and increased role in tech–especially at the intersection of AI and the energy sector–we are delighted to be partnering with Qatar.”
Currently in its 11th year, WSJ Tech Live convenes the biggest newsmakers in technology across entertainment, music, robotics and AI, science and more. This year’s marquee event is the company’s most successful Tech Live since its inception, with record-breaking sponsorship revenue. The event showcased groundbreaking insights on a wide range of topics including the global impact of generative AI, the future of brain-computer interfaces, the outlook for startup investments, fostering the next generation of technology talent and how the upcoming U.S. election could impact the tech industry.
WSJ Tech Live joins a series of global events hosted in Qatar, including the FIFA World Cup™, Web Summit Qatar, Formula 1 Qatar Grand Prix, and Doha Forum. The event also builds on Dow Jones’s existing presence in MENA, which serves as an important hub for reporting from The Wall Street Journal, and home to key sales and services functions.
About Dow Jones
Dow Jones is a global provider of news and business information, delivering content to consumers and organizations around the world across multiple formats, including print, digital, mobile and live events. Dow Jones has produced unrivaled quality content for more than 130 years and today has one of the world’s largest news-gathering operations globally. It is home to leading publications and products including the flagship Wall Street Journal, America’s largest newspaper by paid circulation; Barron’s, MarketWatch, Mansion Global, Financial News, Investor’s Business Daily, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, OPIS and Chemical Market Analytics. Dow Jones is a division of News Corp (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV).
About the Government Communications Office of the State of Qatar
The Government Communications Office was established in 2015 to serve as the strategic communications arm of the State of Qatar. It coordinates communications activities across government and public-sector institutions, showcasing the country’s vision, initiatives and achievements in line with the Qatar National Vision 2030.
View original content:https://www.prnewswire.co.uk/news-releases/dow-jones-to-expand-wsj-tech-live-event-to-qatar-302283664.html
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