Fintech PR
ALTÉRRA investment vehicle aims to mobilize US$250 billion by 2030 and be fund of choice for climate transition, CEO tells World Governments Summit
- ALTÉRRA was launched at COP28 with a US$30 billion commitment from the UAE, making it the world’s largest private investment vehicle for climate change action.
- “The vehicle will play a critical role in driving climate investments to where it is most needed to unlock impact at scale to finance the climate economy,” HE Ambassador Majid Al Suwaidi, COP28 Director-General and ALTÉRRA CEO said in a panel session.
- “The vision for ALTÉRRA was borne out of the COP28 Presidency’s Action Agenda focus on making climate finance more available, accessible and affordable to accelerate the global transition,” Ambassador Al Suwaidi said.
- “ALTÉRRA’s structure, scale and scope set it apart from other investment vehicles and will help it become the go-to fund for the climate transition,” he added.
- ALTÉRRA features an innovative two-part structure, with the first arm, the US$25 billion ALTÉRRA ACCELERATION, designed to steer capital towards investments at scale to accelerate the transition to a net-zero and climate-resilient economy.
- The second arm, the US$5 billion ALTÉRRA TRANSFORMATION, is designed to provide risk mitigation capital to incentivize investment flows into the Global South.
- ALTÉRRA has a dedicated investment focus on four pillars that underpin the priorities of the COP28 Action Agenda: the energy transition, industrial decarbonization, sustainable living and climate technologies.
DUBAI, UAE, Feb. 14, 2024 /PRNewswire/ — “ALTÉRRA, the US$30 billion climate investment fund launched at COP28, aims to become the “fund of choice” for the climate transition, with its structure, scale and scope and focus on innovation and partnerships enabling it to steer private markets towards climate investments and focus on transforming emerging markets and developing economies,” its chief executive officer said yesterday in a special session at the World Governments Summit.
“The UAE has committed US$30 billion to ALTÉRRA, making it the world’s largest private investment vehicle for climate change action, and the fund aims to mobilize US$250 billion globally by 2030,” HE Ambassador Majid Al Suwaidi, COP28 Director-General and ALTÉRRA CEO, said in a panel session.
The panel session included Dr. Mahmoud Mohieldin, Executive Director at the International Monetary Fund; Rajiv Dhar, Board Member of the National Infrastructure Investment Fund and Head of US India Green Fund; Arvind Ramamurthy, Chief Market Development Officer at Abu Dhabi Global Market (ADGM); Samir Suleymanov, Director of Finance at COP28 and was moderated by Mercedes Monserrate, CEO of the Global Climate Finance Center (GCFC).
Ambassador Al Suwaidi said, “The vision for ALTÉRRA was borne out of the COP28 Presidency’s Action Agenda focus on how we can make climate finance more available, accessible and affordable for all, and remove barriers impeding investment – especially into the Global South. ALTÉRRA is a key element in the COP28 Presidential Action Plan to help drive climate investment to the solutions and markets where it is most needed.”
“ALTÉRRA has been designed to be as innovative as possible to maximize its impact and unlock capital flows to tackle challenges head-on,” Ambassador Al Suwaidi said.
Arvind Ramamurthy, Chief of Market Development at ADGM, said, “In its commitment to catalyze climate finance amidst global transitions and bolster the UAE’s net-zero targets, ADGM is proud to be a home for ALTÉRRA, a groundbreaking initiative with its climate transition funds, and the GCFC, a private-sector-focused think tank and research hub.
“As we navigate challenges to making climate finance universally accessible, ensuring its availability, accessibility, and affordability—the value proposition of ADGM and its sustainable finance framework will be instrumental in strengthening a climate-resilient economy. Collaboratively, they pave the path toward establishing the UAE as the leading hub for comprehensive climate finance initiatives.”
Rajiv Dhar, Board Member, National Infrastructure Investment Fund & Head of US India Green Fund, said, “There is a need for blended finance for meeting the climate goals of Global South. ALTÉRRA is a pathbreaking initiative of UAE and has been developing strategies for making a significant impact in Emerging and Developing Economies.”
ALTÉRRA features an innovative two-part structure, designed to both bridge the gap in investment into the solutions needed to keep the world on the 1.5C pathway, drive investment into the Global South, and create new investment opportunities and strategies for emerging markets and developing economies (EMDEs).
The first arm, ALTÉRRA ACCELERATION, with US$25 billion, is designed to steer capital towards investments at scale to accelerate the transition to a net-zero and climate-resilient economy. The second arm, the US$5 billion ALTÉRRA TRANSFORMATION, is designed to provide risk mitigation capital to further incentivize investment flows into the Global South.
“Transforming the global economy towards a net-zero and climate-resilient pathway will require a transformation of the climate finance landscape and ALTÉRRA will play a key role in that transformation,” Ambassador Al Suwaidi said. “ALTÉRRA’s mission is to mobilize investment at scale, stimulating innovation and underpinning the UAE’s efforts to create a global green finance ecosystem that can bridge investors and markets and ensures that money flows to where it is most needed, in alignment with the objectives of The UAE Consensus.”
“Alongside ALTÉRRA structure and scale, ALTÉRRA’s efforts to spur new ideas, incentivize policy and regulatory frameworks, and identify solutions to rapidly deploy capital across the entire value chain of the new climate economy will create a multiplier effect in climate-focused investment, helping it to achieve the target of mobilizing US$250 billion in the next seven years. Innovative partnerships will be key to the success of ALTÉRRA,” Ambassador Al Suwaidi said.
“Transforming the global economy towards a net-zero and climate-resilient pathway will require a transformation of the climate finance landscape and ALTÉRRA will play a key role in that transformation,” Ambassador Al Suwaidi said. “ALTÉRRA’s mission is to mobilize investment at scale, stimulating innovation and underpinning the UAE’s efforts to create a global green finance ecosystem that can bridge investors and markets and ensures that money flows to where it is most needed, in alignment with the objectives of The UAE Consensus.”
“ALTÉRRA is making good progress on the commitments made at COP28, where in collaboration with BlackRock, Brookfield and TPG as inaugural launch partners, it committed US$6.5 billion to climate-dedicated funds for global investments, including the Global South,” the ambassador said.
ALTÉRRA is focused on the success of the Emerging Market transition funds launched with Brookfield and TPG that are purpose-built to attract institutional capital into markets that have to date been chronically underinvested.
ALTÉRRA has a dedicated investment focus on four pillars that underpin the priorities of the COP28 Action Agenda: the energy transition, industrial decarbonization, sustainable living and climate technologies.
In total, COP28 mobilized more than US$85 billion in direct climate finance pledges, with 11 pledges and declarations made under the Action Agenda.
ALTÉRRA adds to the UAE’s accomplished track record of managing large investment platforms and successfully developing and operating renewable energy projects around the world, leading change as a trusted facilitator at the global crossroads between North, South, East and West. ALTÉRRA is a key component of the UAE’s commitment and contribution to climate finance and among the range of finance-led initiatives launched during COP28 to address the climate finance challenge holistically.
Notes to Editors COP28 UAE:
- At the historic COP28, countries came together to deliver The UAE Consensus – the most ambitious and comprehensive set of negotiated outcomes to come out of the UNFCCC process since COP21.
- The UAE Consensus includes an unprecedented reference to transitioning away from all fossil fuels in energy systems, in a just, orderly and equitable manner in this critical decade to enable the world to reach net zero emissions by 2050, in keeping with the science.
- An important opportunity lies in working multilaterally on commitments to deliver high-ambition decisions at COP28, including through The UAE Consensus. This can lead to real economy action for 2030 and help with setting of interim targets that strengthen the NDCs in 2025 in the lead-up to COP30.
- The UAE Consensus and the COP28 Action Agenda were launched in response to the Global Stocktake (GST) – a report card on the commitments made at COP21 in Paris. The GST was released just before COP28 and highlighted that the world was significantly off track in meeting the obligations made in Paris. The UAE Consensus and the Action Agenda are decisions in response to these findings and help keep 1.5°C within reach.
Fintech PR
YunoJuno Recognised as Best International Contractor Provider, Revolutionising Global Freelance Management
LONDON, Nov. 28, 2024 /PRNewswire/ — YunoJuno, the innovative platform transforming how businesses compliantly source, manage and pay a global contractor workforce, has been awarded the prestigious title of Best International Contractor Provider at the annual Contracting Awards in London, solidifying its position as a global leader in contractor workforce management solutions.
The award comes at a critical time when businesses are increasingly relying on flexible, global talent to drive innovation and maintain competitive advantage. YunoJuno’s comprehensive platform has distinguished itself by offering a seamless, end-to-end solution that simplifies the complex processes of finding, hiring, managing, and paying contractors across international borders.
“This recognition underscores our commitment to revolutionising how companies connect with contractor talent worldwide,” said Runar Reistrup, CEO of YunoJuno. “Our commitment to providing a seamless, compliant, global hiring experience that helps businesses deliver quality and agility beyond geographical boundaries has been key to this achievement.”
YunoJuno platform’s core solutions include:
– All-in-one Freelancer Management System (FMS) to source, onboard, manage and pay a global workforce
– Unrivalled Global Talent Marketplace: Access to on-demand skills from a diverse pool of pre-vetted, high-quality freelance professionals
– Integrated Global Payment Solutions: Simplified international payments with support for multiple currencies
– Built-in Global Compliance and Risk Management: Robust systems ensuring legal and financial compliance across different international jurisdictions
Driven by the mission to unlock the true potential of flexible talent, YunoJuno has emerged as a pivotal player in the contractor management ecosystem, aligning HR, Talent, Procurement and Finance teams. The platform serves a wide range of industries, from technology and creative sectors to consulting and digital marketing, enabling companies of all sizes to build flexible, future-fit, high-performance teams.
“Winning this award is not just a milestone for YunoJuno, but a testament to the evolving nature of the future of work,” added Joao Martires, Chief Operating Officer at YunoJuno leading global expansion. “We’re witnessing a global shift towards more flexible, skills-focused, project-based employment and our platform is at the forefront of this transformation.”
The award highlights YunoJuno’s significant achievements in addressing the growing challenges of international freelance workforce management. With businesses increasingly adopting remote and hybrid work models, platforms like YunoJuno are becoming essential tools for organisations looking to boost their competitive advantage and respond with agility to changing economic conditions.
The platform’s success is backed by its ability to solve critical pain points for both businesses and freelancers. Companies gain access to global talent without the administrative complexities and risk, while freelancers benefit from a transparent, fair, and efficient marketplace.
Looking forward, YunoJuno plans to continue investing in human-led technological innovations, expanding its global talent network, and enhancing its platform’s capabilities to meet the evolving needs of the modern workforce.
For media inquiries or further information about YunoJuno’s award,
please contact:
Katey-Rose Gregory
Content Marketing Lead at YunoJuno
[email protected]
About YunoJuno:
YunoJuno is the all-in-one solution to find, hire, manage and pay contractors and freelancers globally. Built as a Freelancer Management System with direct sourcing included and plug-in options, YunoJuno takes the work and risk out of working with contractors.
Combining a Freelance Management System with an elite marketplace of 100,000+ industry vetted contractors and an on-hand delivery team, YunoJuno helps reduce costs, hiring times and protect against misclassification. With integrated tools and automation, businesses can now accurately classify workers quickly, compliantly and on a global scale.
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LONDON, Nov. 28, 2024 /PRNewswire/ — Mergermarket, an ION Analytics service, hosted the 2024 European M&A Awards on 27 November in London, celebrating excellence in the mergers and acquisitions landscape. This year’s event featured 147 firms shortlisted across 49 categories, showcasing the region’s exceptional talent.
The awards recognize standout advisory achievements on complex deals — with entries evaluated using Mergermarket’s industry-leading data to highlight excellence across the investment arena. With only one winner per category and categories spanning multiple deal sizes — from small-cap to large-cap private equity — these awards set industry benchmarks that inspire confidence in the sector.
The event was attended by 250 senior leaders representing firms across finance, law, and advisory services. This year’s awards highlight Europe’s resilient M&A market and celebrate landmark transactions, providing insight into how leading firms are adapting to economic challenges.
John West, Head of Europe, Mergermarket, said, “The awards showcase the true grit of the European M&A community in driving growth amid the shifting sands of the financing and regulatory environment. European M&A year-to-date stands at EUR 665 billion, up 21% since 2023. Key drivers have been the UK, where total deal values are up 72%, and private equity buyouts and exits rose 30%. With big money on the table for landmark deals such as FiberCop, Adevinta, Darktrace, Royal Mail owner IDS, and many more, it’s clear the European M&A investment banking, advisory, legal, and private equity industries have been on the front foot to deliver for clients and investors.”
The winners are:
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Legal adviser: Financial adviser: |
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European M&A |
Freshfields |
European M&A |
Goldman Sachs |
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European Mid-Market M&A |
Latham & Watkins |
European Mid-Market M&A |
Rothschild & Co |
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European Private Equity |
Kirkland & Ellis |
European Private Equity |
Goldman Sachs |
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Austria |
Schoenherr |
Austria |
Deloitte |
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Baltics |
Ellex |
Baltics |
Superia |
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Benelux |
Linklaters |
Benelux |
Morgan Stanley |
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CEE |
CMS |
CEE |
Goldman Sachs |
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Denmark |
Gorrissen Federspiel |
Denmark |
Citi |
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Finland |
Krogerus |
Finland |
Carnegie |
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France |
Weil, Gotshal & Manges |
France |
BNP Paribas |
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Germany |
CMS |
Germany |
Morgan Stanley |
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Ireland |
Arthur Cox |
Ireland |
Rothschild & Co |
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Israel |
Goldfarb Gross Seligman |
Israel |
Bank of America |
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Italy |
Gianni & Origoni |
Italy |
Mediobanca |
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MENA |
Freshfields |
MENA |
Rothschild & Co |
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Norway |
Wiersholm |
Norway |
ABG Sundal Collier |
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Iberia |
Garrigues |
Iberia |
Deloitte |
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Sweden |
Vinge |
Sweden |
Carnegie |
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Switzerland |
Baer & Karrer |
Switzerland |
UBS |
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Turkey |
Ozmen Yalcin |
Turkey |
UNLU & Co |
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United Kingdom |
Latham & Watkins |
United Kingdom |
JP Morgan |
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Accountancy |
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Due Diligence Firm |
EY |
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Tax Advisory Firm |
EY |
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Private Equity |
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European Large-Cap (entry value range $500 million+) |
Permira |
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European Upper Mid-Market (entry value range $250-500 million) |
Ardian |
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European Lower Mid-Market (entry value range $50-250 million) |
Eurazeo |
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European Small-Cap (entry value range $0-50 million) |
BGF |
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Deal of the year |
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Adevinta (Blackstone and Permira) |
About ION
ION provides mission-critical trading and workflow automation software, high-value analytics and insights, and strategic consulting to financial institutions, central banks, governments, and corporate organizations. Our solutions and services simplify complex processes, boost efficiency, and enable better decision-making. We build long-term partnerships with our clients, helping transform their businesses for sustained success through continuous innovation. For more information, visit https://iongroup.com/
About ION Analytics
ION Analytics delivers personalized, targeted data and market intelligence to banks, investors, and corporates, helping clients find opportunities and drive better decisions in markets ranging from equities and fixed income to infrastructure and private equity. For more information, visit https://iongroup.com/analytics/
About Mergermarket
Mergermarket is the premier global proprietary M&A intelligence, data, and predictive analytics provider. With access to coverage of 1.4 million companies, almost 3,000 sponsors, and powered by 300 journalists and analysts globally, we bring transformative M&A insight and a competitive edge to capital markets professionals, shaping the future of M&A. For more information, visit https://info.mergermarket.com/
All product and company names herein may be trademarks of their registered owners.
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Fintech PR
International Schools Partnership Deploys Workday to Empower Educators and Drive Global Growth
Leading Global Schools Network Streamlines HR Processes Across 24 Countries (and Counting)
LONDON, Nov. 28, 2024 /PRNewswire/ — Workday Inc. (NASDAQ: WDAY), a leading provider of solutions to help organisations manage their people and money, today announced International Schools Partnership has gone live on Workday Human Capital Management (HCM) to empower its 12,000+ person workforce across 92 schools and 24 countries.
International Schools Partnership (ISP), a leading global network of schools committed to providing a transformative education, is prioritising its human resources strategy with a focus on attracting, developing, and retaining exceptional educators and staff. Recognising that dedicated and passionate teachers are the cornerstone of a high-quality education, ISP is investing in initiatives that support professional growth, foster a collaborative work environment, and champion the well-being of its team. Workday will help enable ISP to achieve a seamless employee experience and connected people function, in turn creating vibrant learning communities where students thrive and employees excel.
“At ISP, we know that investing in our people is investing in the future of education.” said Jo Pertwee, Group Head of People Operations, International Schools Partnership. “Workday will help us to both unify our HR processes and create a seamless and supportive employee experience, enabling our educators to focus on what they do best: inspiring students and fostering a love of learning. This is just the start of our journey with Workday and we’re excited at what the future holds.”
World Class Workforce: Empowered Teachers Inspire Students
Workday HCM will empower ISP with a unified view of its global workforce, enabling data-driven decision-making and streamlined HR processes for greater operational efficiency. By standardising core HR processes, Workday will help ISP focus on attracting, developing, and retaining top educators. Leveraging solutions such as Workday Talent Optimisation, ISP will provide growth and development opportunities, reduce attrition, and boost engagement, fostering a collaborative environment where teachers feel supported and empowered to make an impact.
Good to Grow: Expanding the ISP Global Footprint
Workday’s scalability will help enable ISP’s global expansion, helping ensure a consistent and user-friendly experience for all employees regardless of location. As the organisation adds new schools and employees, Workday will adapt to meet the unique needs of each region, including diverse compliance regulations and reporting requirements. This flexibility will empower ISP leaders to effectively manage its growing global workforce.
“Our solutions are purpose-built to help organisations like ISP navigate the complexities of managing a global workforce while maintaining a culture of learning and innovation,” said Daniel Pell, CEO, UKI, Workday. “Workday will provide ISP with the insights and agility they need to achieve their ambitious growth plans and continue delivering exceptional educational experiences.”
About Workday
Workday is a leading enterprise platform that helps organisations manage their most important assets – their people and money. The Workday platform is built with AI at the core to help customers elevate people, supercharge work, and move their business forever forward. Workday is used by more than 10,500 organisations around the world and across industries – from medium-sized businesses to more than 60% of the Fortune 500. For more information about Workday, visit workday.com.
© 2024 Workday, Inc. All rights reserved. Workday and the Workday logo are registered trademarks of Workday, Inc. All other brand and product names are trademarks or registered trademarks of their respective holders.
Forward-Looking Statements
This press release contains forward-looking statements including, among other things, statements regarding Workday’s plans, beliefs, and expectations. These forward-looking statements are based only on currently available information and our current beliefs, expectations, and assumptions. Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties, assumptions, and changes in circumstances that are difficult to predict and many of which are outside of our control. If the risks materialise, assumptions prove incorrect, or we experience unexpected changes in circumstances, actual results could differ materially from the results implied by these forward-looking statements, and therefore you should not rely on any forward-looking statements. Risks include, but are not limited to, risks described in our filings with the Securities and Exchange Commission (“SEC”), including our most recent report on Form 10-Q or Form 10-K and other reports that we have filed and will file with the SEC from time to time, which could cause actual results to vary from expectations. Workday assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date of this release, except as required by law.
Any unreleased services, features, or functions referenced in this document, our website, or other press releases or public statements that are not currently available are subject to change at Workday’s discretion and may not be delivered as planned or at all. Customers who purchase Workday services should make their purchase decisions based upon services, features, and functions that are currently available.
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