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The Abu Dhabi Investment Authority to invest in sustainable projects

ADIAHQ
Aida starts 2021 with a declaration of support for sustainability and climate-friendly investments

The Abu Dhabi Investment Authority (Adia) has said that its strategy for 2021 and beyond will focus on key areas such as sustainability and technology to expand its portfolio which includes equities, fixed income, real estate and private equity.

“Like all investors, we are convinced that sustainability is extremely important, which is becoming even more important in the future,” the director of strategy and planning at Aida, Jean-Paul Villain recently said.

The UAE’s Abu Dhabi Investment Authority is the third biggest sovereign fund in the world (following Norway and China), and invests in key industries, in the MENA region as well as internationally. In an indication of things to come, Aida recently invested in two sustainable companies that are based in India and has favoured real estate options with strong environmental policies.

Aida is also a member of the One Planet Sovereign Wealth Funds initiative, a collective of international sovereign funds that prioritise climate change when making investment decisions as well as supporting action to avert a climate crisis.

Photo Credit: www.architizer.com

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