LONGi Founder and President Li Zhenguo shares the company’s insights & practices at FII Institute ESG Virtual Event
By LONGi Email
On April 15, the Future Investment Initiative Institute (FII) organized a series of online events on the topic of “The Neo-Renaissance: Mobilizing ESG for a Sustainable Future”. This event brought together leaders from all walks of life to discuss ESG (Environment, Social and Governance) issues. Mr. Li Zhenguo, LONGi Founder and President, was invited to attend the opening ceremony and share his experience.
The FII is an international platform for expert-led debate between global leaders, investors and innovators with the power to shape the future of global investment. It is focused on utilizing investment to drive growth opportunities, enable innovation and disruptive technologies, and address global challenges.
DUBAI: Changing regulations and consumer demand driven by environmental, social and governance (ESG) issues means that some structured finance asset classes are riskier than others, according to Moody’s Investors Service.
Aircraft and tobacco asset-backed securities (ABS) as well as project finance and infrastructure collateralized debt obligations (CDOs) have “moderate vulnerability” to environmental risk, while most other asset classes have “low” environmental risk, Moody’s wrote in a report.
Student loan asset-backed securities are the only structured finance sector with “high” social risk, it said.
“Environmental and social risks vary across structured finance asset classes, reflecting the sector’s diverse array of transaction types and assets,” according to Moody’s Vice President Inga Smolyar. “Governance considerations, in contrast, are generally issuer specific.”
April 07, 2021
File photo of the Lilium Jet flying. Future Investment Initiative Institute (FII-I) has invested in Lilium as part of a strategy to develop and leverage sustainable and environmentally-friendly alternatives to traditional combustion engines in the air travel industry.
RIYADH The Future Investment Initiative Institute (FII-I) has invested in Lilium as part of a strategy to develop and leverage sustainable and environmentally-friendly alternatives to traditional combustion engines in the air travel industry.
Lilium is pioneering the Electric Vehicle Take-Off-and-Landing (EVTOL) aircraft segment. These are electric jets that can take off and land vertically they offer a sustainable and less carbon-intensive way for travelers to beat traffic, hop between cities, and connect regional destinations up to 250 km.
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Saudi Arabia s Future Investment Initiative Institute has invested in Germany s electric aircraft start-up Lilium.
The investment is a part of a $3.3 billion transaction announced last week, which will see Lilium list on the Nasdaq market in the US through a merger with a special purpose acquisition company, Qell Acquisition Corporation.
The start-up is raising about $830m through the deal.
“Our investment in Lilium is aligned with the FII-Institute’s mission: to support initiatives and projects which will have a positive impact on humanity, Richard Attias, the institute s chief executive said in a statement to the Saudi Press Agency.
The FII Institute is a think tank-cum-foundation set up as a non-profit body to support the development of technologies to address some of the world s biggest social and environmental challenges. Its board includes the governor of the kingdom s Public Investment Fund Yasir Al Rumayyan, its ambassador to the US Princess Reema Bint Bandar,
Saudi funding helps flying taxis take off arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.