On October 17th, MIGA held its Annual Meetings event, Catalyzing Environmental, Social and Governance Investment. The event brought together private investors to discuss how they are integrating ESG impact into their investment strategies and how partners like MIGA can help support these objectives.
Keiko Honda opened by reflecting on her last year as MIGA CEO and looking back at the organization’s accomplishments. With the growth of ESG investing, she noticed that the time was ripe for MIGA and the rest of the World Bank Group to position itself as a partner for private investors.
Then, there was a video shown about MIGA-backed Parc Eolien Taiba N'diaye wind farm, the biggest wind farm in Senegal, providing clean energy to approximately 2 million residents.
The panel portion of the event brought together leaders in ESG and MIGA leadership: Rakhi Kumar, Senior Managing Director and Head of ESG Investments and Asset Stewardship, State Street Global Advisors; and Sujoy Bose, Chief Executive Officer, National Investment and Infrastructure Fund of India; and Vijay Iyer, COO, MIGA. It was moderated by Joel Weber of Bloomberg Businessweek. The panel discussed why investors are increasingly interested in ESG and how it can help to build better, more sustainable, and ultimately more profitable assets.