The Capricorn Group has donated N.dollars 500 000 to the Ministry of Environment, Forestry and Tourism for Namibia’s participation and pavilion at the COP28 conference set for Dubai in the United Arab Emirates (UAE).
The funds were made possible through joint donations by the Capricorn Foundation and Bank Windhoek for the event scheduled to take place from 30 November until 12 December 2023.
Ruan Bestbier, Capricorn Group Head for Sustainability, in a press release on Tuesday said the bank’s support signifies its commitment to playing a critical role in creating a legacy of positive change that will echo through generations.
‘Our pivotal sponsorship towards the Namibian Pavilion at COP28 is more than a financial commitment or supporting a climate change event. It is an investment in creating a platform for Namibians to continue to engage with key global stakeholders whilst catalysing a deliberate movement to drive collaborative action between the public and private sectors to forge a path towards a more s
ustainable and resilient Namibian economy and world,’ he said.
The Capricorn Group, Capricorn Foundation and Bank Windhoek selected a party of delegates to represent the group at the 2023 United Nations Climate Change Conference or Conference of the Parties of the UNFCCC, commonly called COP28.
The group participates in the conference to leverage Capricorn Group as an organisation that supports sustainable practices while providing sustainability financing solutions to benefit its stakeholders and the socio-economic development of its operating regions, he said.
Marlize Horn, Executive Officer of the Capricorn Foundation, on her part said the Capricorn Foundation has sustainability as one of its focus areas and championed food security through the launch of the Capricorn Foundation Food Waste Challenge, which, now in its second year, has become the signature project of the Foundation.
COP28 will be the 28th annual United Nations Climate Change Conference since the first UN Climate Agreement in 1992.
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urce: The Namibian Press Agency