Friday 23 November 2018
Who we are / Our News / Powering ahead on sustainability...

Arunma Oteh, Treasurer of the World Bank, speaks about the importance of Sustainability from BNP Paribas' offices.


Arunma Oteh, Treasurer of the World Bank explains that we are at an inflection point when it comes to sustainability and sustainable financing, referencing the UN Sustainable Development Goals in 2015 and the 2015 Paris Agreement. She goes on to explain that nearly 30% of the World Bank's financing will be focused on Climate Initiatives going forward and that by 2020 their goal is to fund power projects delivering over 30GW, essentially powering over 150mn homes.


Arunma also talks about the importance of Gender Equality in driving Sustainable Finance, referencing some of the World Bank's actions in the area including a recent 1bn CAD bond focused on Womens' Empowerment and a recent World Bank research report which concluded that the world economy would be over USD 160tn better off if women earned the same as men.


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