Investment Fund: trillion plans for carbon neutrality in cooperation with partners

The Public Investment Fund works in cooperation with partners to achieve carbon neutrality goals through plans worth more than trillions of dollars. Yasser Al-Rumayyan, Chairman of the Aramco Board of Directors, stressed that Aramco’s strategy aims to reach carbon neutrality by 2050, and in the Kingdom by 2060.

Al-Rumayyan explained during his participation in a session of the FII Investment Initiative in London that gas and oil will be part of the energy mix in the coming decades, and that the fund supports and promotes environmental, social and corporate governance (ESG) initiatives within its financial and investment portfolios, noting that it is among the founders of the esg initiative that It is chaired by the French President, and works with BlackRock and other companies and organizations in this domain. He stressed the need to encourage investment in emerging markets, and to explore investment opportunities there.

At the ESG Emerging Markets Summit in Rosewood, London, the Future Investment Initiative Foundation hosts many investors, world leaders, thought leaders, policy makers, global CEOs and chiefs of sustainability.

During the summit, the Foundation aims to discuss two main topics, namely, the future of environmental, social and corporate governance (ESG), and the future of sustainability, with the participation of more than 40 international leaders and experts.

For her part, Rania Nashar, Head of the General Department of Compliance and Governance at the Public Investment Fund, stressed that Saudi Arabia has a promising and moderate market, noting the need not to ignore decision-making in the field of environmental, social and corporate governance (ESG), through supervision, investing opportunities and addressing challenges. .


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