To support the evolution and continued institutionalization of our Responsible Investing effort, Mubadala established a standalone Responsible Investing Unit reporting to our Chief Strategy & Risk Officer. The Responsible Investing Unit will act as the steward of Mubadala’s approach to environmental, social and governance principles and considerations across the Group.

The new unit will focus on building our Responsible Investing Framework, incorporating ESG principles into our business development, asset management and corporate functions. It is implementing a pragmatic approach across the Group to integrate ESG into our investment process. Aligned with our Accountability, Inspiration, Integrity and Partnership corporate values, the unit intends to create a positive impact in the communities where we deploy capital.

Further reflecting our commitment to Responsible Investing, in 2020, Mubadala became a member of One Planet Sovereign Wealth Funds (OPSWF), an initiative established to integrate climate change considerations into decision-making and support global climate action. We also became a member of the International Forum of Sovereign Wealth Funds (IFSWF), an organization where global sovereign wealth funds work together to define best practices, dialogue, research, and self-assessment to ensure world-class corporate governance.

Mubadala has incorporated responsible investing into our decision-making process for almost two decades as we built our portfolio from a few targeted investments to one of over USD $230 billion in size.