Gabon’s Sovereign Wealth Fund Joins NZAOA

The Sovereign Wealth Fund of Gabon (FGIS), which has nearly US$2 billion of assets under management, has joined the Net Zero Asset Owner Alliance. Alliance members commit to transitioning their investment portfolios to net zero emissions by 2050, in line with a goal of a maximum temperature rise of 1.5°C above pre-industrial levels. FGIS focuses on infrastructure financing, support for SMEs and the social sectors, in particular health. Gabon is 88% covered with forests and is a net absorber of CO2. “Our membership of the NZAOA is in line with our commitment to remaining a carbon sink, as well as our desire to further promote green investment in Gabon to accelerate our development,” said FGIS CEO Akim Mohamed Daouda. FGIS is the first African sovereign wealth fund to join the alliance.  

 

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