MIAMI, FL – 4 Jan 2024. The FII Institute is thrilled to announce the return of the FII PRIORITY Miami summit, themed ‘On the Edge of a New Frontier’.

This prestigious event is set to take place on February 22-23, 2024, at the Faena Hotel & Forum, Miami Beach.

Building on the inaugural event’s success, FII PRIORITY Miami 2024 aims to be a pivotal platform for global leaders, investors, CEOs, entrepreneurs, scientists, cultural figures, media, and FII Institute members.

This year’s summit offers an interactive program, focusing on disruptive technologies and fostering innovation for investment and societal betterment. It is an opportunity to explore and discuss how cutting-edge advancements in AI, robotics, healthcare, finances and sustainability can be harmoniously integrated into our global society.

Central to the summit’s objectives is bridging the Americas to global markets and addressing key challenges for a thriving future. In Miami’s dynamic entrepreneurial and vibrant corporate landscape, the summit will facilitate critical discussions on international markets and innovative global ecosystem integration.

Guided by insights from the FII PRIORITY Compass report, speakers and attendees will tackle urgent global issues identified in the report, including the cost of living, social inclusion, and technology challenges. These discussions are more relevant than ever, as economic growth and advanced technologies evolve, presenting humanity with pivotal choices that impact sustainable progress and well-being.

The event is set to host over 1000 business and finance leaders, making it a not-to-be-missed opportunity for networking and collaborative engagement in the heart of one of the world’s most dynamic cities.

Richard Attias, CEO of the FII Institute, emphasizes the summit’s crucial role: “As we convene some of the brightest minds across various sectors, our focus will be on responsible decision-making in investment and economic growth. This summit is a stepping stone towards shaping a sustainable and technologically advanced future.”

For media inquiries, please contact:

– Phone: +966 53 978 2030

– Email: Media@fii-institute.org

About the FII Institute:

The FII Institute is a global non-profit foundation focused on impactful solutions in AI and robotics, education, healthcare, and sustainability. With a data-driven approach combined with an innovative investment arm, the Institute has been at the forefront of fostering transformative changes and global collaboration.

The Inaugural Asia FII PRIORITY Summit, Powered by FII Institute and held Dec 7-8 in Hong Kong, convened nearly 1000 business and finance leaders from around the world together to discuss some of the most pressing issues facing humanity.

Front and center were the considerations around technology, with the FII PRIORITY Compass showing we are at a tipping point when it comes to AI: while 46% of the people believe that generative AI tools can add value in their everyday lives, 41% see it as a threat to society. What is more, nearly two thirds of citizens (62%) believe governments need to do more to regulate the impact of AI, a concern that is most strongly expressed in emerging markets (66% vs. 58% in developed markets).

With global concerns running ahead of government action, and with notable industry leaders themselves expressing disquiet, an urgent need for immediate and robust global action has been identified at FII.

The Asia FII PRIORITY Summit assembled global leaders to review the work program of the FII AI Coalition, an international, private-sector led effort to advance the AI alignment agenda globally and bringing together investors, corporations, government leaders and academics from developed and emerging markets to engage in a frank and candid dialogue on the critical issue of AI alignment.

Over the coming year, the AI Coalition will focus its efforts on three important strategic areas:

The coalition will convene at each FII PRIORITY to meet with members, report on progress and accelerate action.

Richard Attias, CEO of FII Institute: “The next 12 months will determine the way the world chooses to respond to AI risks and harness AI’s full potential. Citizens demand action, and we stand ready to play our part. The FII AI coalition is a key element of that effort and we look forward to working with all interested parties – because this concerns us all and only by working together can we ensure AI positively impacts humanity.

Eric Pulier, CEO, Vatom Corporation and co-chair of the FII AI coalition “To ensure AI benefits everybody, we need to develop locally-trained models that reflect all customs and traditions, not just one. Demand for such ‘localization’ is rising across the globe. The blueprint we are working on will provide guidance for how public and private actors can work together to realize the full promise of AI while preserving their most important resource– the history and culture of their people.”

Caroline Yap, Managing Director, Global AI Business, Google and co-chair of the FII AI conclave in Hong Kong: “The world’s leading tech companies and technologist are rapidly coming to a consensus that immediate action is necessary. Three things are needed for a coalition to succeed at scale: timing, relevance and momentum. The FII AI Coalition Shas all three. It is a wonderful opportunity for the private sector to lead on the issue of AI Alignment and to help advance global action on this critical topic.”

The Future Investment Initiative PRIORITY Summit Hong Kong today reconvened leaders from finance and government for a second day to address global matters of concern to humanity.

One thousand global investors, policy makers, innovators and business leaders were joined by counterparts from across Asia to discuss ‘megatrends’ including the unstoppable rise of Asia as an economic power, the impact of technology on lifestyles and jobs, and the deployment of capital between diverse markets and economies.

The day began with a presentation by FII Institute CEO Richard Attias and COO Rakan Tarabzoni of the Priority Compass Report, a global survey of 53,000 people across 23 countries.  The survey revealed a sharp drop of 20% worldwide in people’s overall satisfaction with their lives, with respondents reporting concerns over cost of living, loneliness, technology, and climate concerns.  65% of people in countries polled are worried about day-to-day living costs.  Loneliness has leaped up the list of concerns, with 41% of Asia’s population reporting frequent feelings of loneliness. 55% of people worldwide are worried about access to affordable and accessible healthcare and climate concerns continue to deepen as 78% of people across the Global South are worried about pollution.

Laurence Moroney, Lead AI Advocate at Google addressed concerns about AI and the risk of biases emerging because of reliance on narrow English language datasets.  Moroney pointed out that 60% of information on Web 2.0 is generated by bots. 

He also argued that innovators in AI need to account for distinctive local cultural identities in the development of AI models and explained that Google’s Gemini is working to condense and preserve cultures into small models, allowing people to interact with, learn about, and preserve individual distinctive cultures.

A panel discussion on cost of living heard Jerry Li, Founder and Managing Partner eWTP Arabia Capital describe data as the new oil, a resource driving innovation and progress.  The 120 zettabytes (120, 000,000,000,000,000,000,000 bytes) generated in 2023 is expected to increase by over 150% in 2025, to 181 zettabytes.

During a panel discussion on the future of work Edith Yeung of Race Capital suggested that AI will free people from doing the things that they do not want to do, freeing them for more meaningful activities.  The average person will spend 90,000 hours at work over a lifetime.

Raymond Yuan, CEO & Chairman CTH Group pointed out synergies between blockchain and AI starting to emerge in healthcare, life sciences, as well as financial services.  The global Blockchain Market size was estimated to be approximately $7.4 billion in 2022 and the global artificial intelligence market $428 billion.

A panel of leading Asian venture capitalists debated ways in which Asia can grow vibrant and successful startup ecosystems, with $22.3 billion invested in Asian startups between July and September 2023.

Discussing the impact of investment on longevity and ageing Joshua Fink, Founder Luma Group, explained that revolutionary regenerative medicine, inspired by Nobel Prize-winning research, can reverse cells to a pre-disease state, offering hope against genetic diseases.

His Royal Highness Prince Faisal bin Bandar bin Sultan, Chairman, Saudi Esports Federation described the spectacular growth of gaming over the last 20 years at 12% per year.  By the end of 2023 it is projected there will be 3.75 billion gamers in the world.

In a ‘titan of industry’ fireside chat with Sir Martin Sorrell, Richard Attias and Sorrell surveyed the global media sector, worth $950 billion, with digital projected to comprise 70% by 2025.  On the future of platforms such as TikTok Sorrell explained that with young people’s views being shaped by new forms of social media, issues surrounding data safety and privacy will continue.  Discussing ‘hyper personalization’ he pointed out that Coca Cola is thinking about the potential for AI to target individual messages to consumers.

Rakan Tarabzoni, COO, FII Institute presented the summit with FII’s inclusive ESG tool, launched to help companies in emerging markets improve sustainability and help investment capital find current and future performance leaders.  The tool, which has been made publicly available will address biases inbuilt in other ESG methods and may unlock a $5.4 trillion funding gap of investments into emerging markets. 

In the final session HE Kjell Magne Bondevik former Prime Minister of Norway and President, Oslo Centre for Peace and Human Right declared himself convinced that businesses that take more seriously the concerns of common people will be the businesses that will thrive in the future.  

The FII Institute has worked with HKEX and consulting firm Deloitte to offset the carbon emissions generated by the summit, by purchasing credits on the HKEX Core Climate exchange, exemplifying a shared conviction that purposeful markets and business can serve humanity as a force for good.

During the summit BOC International signed a strategic cooperation framework agreement with SPIC International Finance (Hong Kong) Company Ltd. on green finance, bond investment and issuance, and global capital management.  The signing was witnessed by Mr. Paul Chan, Financial Secretary of Hong Kong SAR.

The summit, held in partnership with Hong Kong Exchanges and Clearing Limited (HKEX), took place at HKEX Connect Hall.

The FII PRIORITY Summit Hong Kong continues conversations held in Riyadh last month.  It is part of an ongoing global programme of summits, to be held next year in Miami (February) Brazil (June) and Africa (September))

Richard Attias, CEO of the Future Investment Initiative Institute said:

“I should like to thank Hong Kong Government, the Hong Kong Exchange and the people of this fabulous city for the welcome they have shown us this week.  As the world charts its forward course we must be mindful at every turn of the issues that matter.  Whether it’s cost of living, developing new modes of payment, new social media platforms, or poverty, it is investment and innovation that can make the difference.  The investors and innovators here this week have taken these issues seriously and the conversations and hard work will continue as we strive for a better tomorrow.”

ENDS

For media inquiries, please contact:

Phone: +966 53 978 2030

Email: Media@fii-institute.org

About FII Institute

The Future Investment Initiative (FII) Institute is a global non-profit foundation driven by data with an investment arm and one agenda: Impact on Humanity. Global and inclusive, we foster great minds from around the world and turn ideas into real-world solutions in four critical areas: Artificial Intelligence (AI) & Robotics, Education, Healthcare and Sustainability.

Hong Kong, 7 December 2023

The Future Investment Initiative PRIORITY Summit Hong Kong today convenes global investors, innovators and policymakers to tackle technology, climate, and economy threats.

Investors and leaders from across Asia have gathered in Hong Kong with counterparts from around the world at an international summit to address global challenges, and the mobilisation of investment as a force for good.

His Excellency Yasir Al-Rumayyan, Governor of the Public Investment Fund of Saudi Arabia and Chairman of the Future Investment Initiative (FII) Institute introduced the inaugural Asia FII PRIORITY summit. 

HE Khalid A. Al-Falih, Saudi Arabia’s Minister of Investment also attended the summit and participated in a panel discussion in which he observed that the Global South is turbocharging the global economy, driven by demographics and economic growth.

John Lee, Chief Executive, Hong Kong Special Administrative Region, welcomed the FII Institute to Hong Kong in the presence of Paul Chan, Financial Secretary, and Laura M Cha, Chairman of Hong Kong Exchanges and Clearing Limited (HKEX).  John Lee delivered a special address to delegates in which he highlighted Hong Kong’s role as a ‘super value adder’ for economies, cultures, and peoples from east and west, made possible by the unique ‘one country, two systems’ principle.

The summit, held in partnership with Hong Kong Exchanges and Clearing Limited (HKEX), is taking place at HKEX Connect Hall today, Thursday 7 December and tomorrow, Friday 8 December 2023.

Nicolas Aguzin, CEO, HKEX noted the dramatic changes to the geopolitical landscape, with power shifting eastwards, and the rising importance of local exchanges and imperative for continuous innovation in financial markets. 

During the set piece ‘board of changemakers’ panel, Richard Li, Chairman, Pacific Century Group observed how digitalisation is democratizing financial services, enabling even those with incomes of all levels to access tailored financial products.

A traditional gong striking ceremony signaled the historic moment the markets opened in the presence of HKEX Chairman, Laura M. Cha, Hong Kong Chief Executive, John Lee, and Hong Kong Financial Secretary Paul Chan alongside FII Institute’s Chairman HE Yasir Al-Rumayyan and CEO Richard Attias, witnessed by over 1,000 summit attendees and audiences the world over.

The summit, held under the theme ‘Megatrends Shaping Humanity’ is addressing the implications of the rise of Asia as a technological, economic and geopolitical power; advances of AI, and the profound changes to life as we know it; as well as increasing calls for humanity and empathy as anchors to economy and society in a fractured and uncertain world.

Nicholas Ho, Commissioner for Belt & Road, The Government of the Hong Kong Special Administrative Region described Hong Kong as a “true global hub” and outlined his vision to strengthen Hong Kong as the regional headquarter for MENA region business.

Laura M. Cha pointed out that of the top 15 sovereign wealth funds, five are in Asia and six in the Middle East.  China has untapped capital in terms of personal saving of 30 trillion USD and the Middle East has similar potential because of the rise of Saudi and other GCC countries. “It’s going to be an amazing connection that has been underdeveloped in the past; now it is the time for two-way traffic in terms of capital and commerce.” she said.

The FII Institute carries out ongoing research to identify the issues that matters to citizens worldwide.  This year’s polling sampled 50,000 people from 23 countries to identify humanity’s priorities. The findings are then used to shape FII’s policy agenda and programme of summits.  For example, this year’s research has revealed a dramatic global drop of 20% in satisfaction levels, and discontent across a range of issues, including cost of living, loneliness, technology, and climate concerns.

On the rise and regulation of AI Eric Pulier, Founder & CEO, Vatom Corporation describe how AI models must be trained using locally relevant datasets that preserve local heritage if the AI future is to be universally human-centric.

Solina Chau, Co-founder, Horizons Ventures discussed the importance of curious minds and counterfactual thinking to avoid biases and bad policies in an ever-changing world.  She also addressed the low number of women in finance and the need to continue to strive for equality and support each other.

The FII institute showcased two Hong Kong-based grassroots initiatives focused on sustainability and local ecosystem. Redress is an environmental organization aiming to accelerate the change to a circular fashion industry.  Farm the City builds and manages urban farms to transform underutilized areas to create sources of nutritious and organic food.

The FII PRIORITY Summit Hong Kong continues conversations held in Riyadh last month.  It is part of an ongoing global programme of summits, to be held next in Miami (February), London (April), and Brazil (June).

Richard Attias, CEO of the Future Investment Initiative Institute said:

“Megatrends are reshaping our existence. The advancements in AI, automation, and blockchain are opening doors to futures we have yet to imagine.  With the world changing and Asia in the driving seat we are discussing the global issues that matter to the 8 billion people who live on this planet, and focusing investor attention for policy action.”

ENDS

For media inquiries, please contact:

Phone: +966 53 978 2030

Email: Media@fii-institute.org

About FII Institute

The Future Investment Initiative (FII) Institute is a global non-profit foundation driven by data with an investment arm and one agenda: Impact on Humanity. Global and inclusive, we foster great minds from around the world and turn ideas into real-world solutions in four critical areas: Artificial Intelligence (AI) & Robotics, Education, Healthcare and Sustainability.

FII PRIORITY Hong Kong Summit, held in partnership with the Government of the Hong Kong Special Administrative Region (SAR) and HKEX, will convene business and finance leaders from around the world

28 November 2023

Riyadh—HE Yasir Al-Rumayyan, Governor of the Public Investment Fund (PIF) of Saudi Arabia and Chairman of the Future Investment Initiative (FII) Institute, will introduce the inaugural Asia FII PRIORITY Summit in Hong Kong next week. 

Welcoming the FII Institute to Hong Kong will be John Lee, Chief Executive of the Hong Kong Special Administrative Region; Paul Chan, Financial Secretary; Christopher Hui, Secretary for Financial Services and the Treasury; and Laura Cha, Chairman of HKEX. John Lee will deliver a special address to delegates.

The FII Institute is a global data-driven non-profit foundation with an investment arm and one agenda: to make a positive ‘impact on humanity’. The institute’s PRIORITY programme spans summits, initiatives and reports supported by its members and strategic partners, with the aim of tackling the world’s most pressing challenges.

HE Yasir Al-Rumayyan will be joined by HRH Princess Reema bint Bandar Al Saud, Saudi Arabia’s ambassador to the United States, and HE Khalid A. Al-Falih, Saudi Arabia’s Minister of Investment.

Kicking off the two-day global summit will be a ‘Board of Changemakers’, the set piece of the event at HKEX Connect Hall starting on December 7th. HKEX Chairman Laura Cha, Hang Lung Capital’s founder Ronnie Chan, Chairman of Schneider Electric Jean-Pascale Tricoire, Founder and Chairman of ACWA Power Mohammad A Abunayyan, President of the King Abdullah University of Science and Technology (KAUST) Tony Chan, Richard Li Chairman of Pacific Century Group, and Kevin Sneader, President, Asia Pacific, Goldman Sachs will discuss global economic and strategic issues during the board’s 45-minute session. 

Other speakers at the summit will include Hopu Capital’s chairman Fang Fenglei, GGV Capital Asia Managing Partner Jixun Foo, and co-chairman and co-chief investment officer of Hong Kong-listed Value Partners Group Cheah Cheng Hye, Lawrence Moloney, Lead AI Advocate, Google, Patrick Motseppe, Executive Chairman, Africa Rainbow Minerals, and Joshua Fink, founder Luma Group.

Over 1,000 business and finance leaders are expected to attend the summit.

Richard Attias, chief executive of the FII Institute:  “Hong Kong has a hugely important role as a global business hub and a place for investors to connect. With our partners, the Hong Kong Government Special Administrative Region and HKEX, we are honoured to bring our inaugural Asia summit and movement to this great city. Our purpose at FII Institute is to tackle some of humanity’s biggest challenges, such as economic growth, prosperity, and financing the energy transition by convening leaders for top-level constructive dialogue. Our deliberations over the 7th and 8th of December will be focused sharply on important global issues, and we look forward to working with our friends and colleagues from across Asia for a better future for all.” 

The summit will continue conversations at FII7 in Riyadh this past October under the theme ‘The New Compass’, seeking workable solutions to unlocking ESG flows to the Global South, driving global alignment on AI regulation, and investment for more equitable access to education and healthcare. 

Other topics to be discussed at the FII PRIORITY Summit in Hong Kong include how innovators can act to resolve citizen concerns at a global level, the role of the Global South in driving economic growth, the new Asia, the ‘hyper-tech century’, AI and Web4 improving life for all, where next for BRICS, human-centred macro-finance, Asia supply chains, COP28 and climate tech.

 ENDS

For media inquiries, please contact:

Phone: +966 53 978 2030

Email: Media@fii-institute.org

About FII Institute

The Future Investment Initiative (FII) Institute is a global non-profit foundation driven by data with an investment arm and one agenda: Impact on Humanity. Global and inclusive, we foster great minds from around the world and turn ideas into real-world solutions in four critical areas: Artificial Intelligence (AI) & Robotics, Education, Healthcare and Sustainability.

Future Investment Initiative (FII) Institute releases “Inclusive ESG Tool” and accompanying “Inclusive ESG Score” to help emerging market companies and global investors unlock investments.

26 October, 2023 – Riyadh and London – The Future Investment Initiative (FII) Institute, a global non-profit foundation dedicated to tackling global challenges, has unveiled its Inclusive ESG Tool and Score at the annual FII flagship conference to improve the quality of data on ESG in emerging markets and empower companies in these markets to receive financial flows. The initiative has been developed in partnership with ESG Book, a global leader in sustainability data and technology.

The FII Institute’s Inclusive ESG Tool has been developed to empower companies in these markets improve sustainability efforts and results while helping investors identify current and future performance leaders.

While there has been a surge in ESG investing over the past decade, with an estimated USD $38 trillion in sustainability-led assets now under management worldwide, emerging markets continue to receive less than 10 percent of ESG capital flows, despite accounting for 58 percent of global GDP. The new Inclusive ESG Tool has the potential to help reduce an ESG investment gap of USD $5.4 trillion in emerging markets1.

Interviews conducted by FII Institute with leading global investors have revealed that ESG rating agencies are one of the main barriers to increasing investment in emerging markets, with a core challenge being that many rating agencies use KPIs that are not relevant to emerging markets. 

In 2022, the Inclusive ESG Framework and Scoring Methodology developed by FII Institute met this need by answering the key question for investors: “What does good ESG performance look like in emerging markets?”

This year, with the unveiling of the Inclusive ESG Tool and Score, FII Institute recognized the need for metrics that are tailored specifically to the challenges of emerging markets. Its systematic materiality approach emphasizes industry risk, ensuring an equitable evaluation of companies operating within diverse sectors. To promote transparency and accuracy, the score differentiates performance and disclosure analytics.

The primary analytic of the toolkit is the Inclusive ESG Momentum Score, which integrates current performance and ongoing change in companies’ sustainability performance. It acknowledges corporate commitment in driving positive change by indicating future ESG performance. Combined with a company’s current ESG Performance Score and Disclosure Score, it provides a comprehensive and nuanced picture of corporate sustainability performance.

Based on the new score, FII Institute and ESG Book have co-developed a Top 250 Inclusive ESG Ranking to identify the most sustainable emerging markets companies. The ranking has launched alongside the new tool at FII Institute’s flagship conference in Riyadh, FII7, which takes place from 24 – 26 October 2023.

Richard Attias, CEO, FII Institute, said: “Our planet faces immense challenges, including global warming, a rapid decline in biodiversity, and an increasingly unbearable cost of living for many. However, we are not without the means to address these issues. Our global financial markets are more interconnected and driven by change than ever before. Investing in ESG (Environmental, Social, and Governance) initiatives plays a pivotal role in the solution. These funds should be strategically directed toward emerging markets where their impact is most needed, all while ensuring the returns necessary for the vitality of these markets.”

Dr Daniel Klier, CEO, ESG Book, said: “We are delighted to be collaborating with FII Institute to usher in a new approach to ESG data in emerging markets. The Inclusive ESG Score is a next generation tool for investors that identifies the sustainability leaders of today and tomorrow, with a transparent, data-driven approach that is tailored to emerging markets. Through this partnership, we look forward to providing a solution that enhances investment decision-making, and in turn helps to drive greater ESG investment flows to emerging market companies.”

References

  1. In 2021, 3.4% of global ESG-based assets under management (AUM) were held in emerging markets, while 20.2% of total global AUM were held in emerging markets. This equates to a gap of USD $5.4 trillion. ESG Book, 2023.

ENDS

Notes to Editors

For more information and for all media requests, please contact

Phone: +966 53 978 2030

Email: Media@fii-institute.org

About FII Institute

The Future Investment Initiative (FII) Institute is a global non-profit foundation with an investment arm and one agenda: Impact on Humanity. Global, inclusive and driven by data, we foster great minds from around the world and turn ideas into real-world solutions and actions in four critical areas: Artificial Intelligence (AI) and Robotics, Education, Healthcare and Sustainability. Learn more:  https://fii-institute.org/

About ESG Book

ESG Book is a global leader in sustainability data and technology, with a mission to transform finance through sustainability by making ESG data accessible, comparable, and transparent. ESG Book is the only provider in the world to combine a highly competitive, global sustainability dataset reported by corporates together with a disclosure platform. ESG Book’s solutions are used by many of the world’s largest financial organisations including Bloomberg, BNY Mellon, Citi, Dow Jones, JP Morgan, HSBC, and Glass Lewis. For more information, visit esgbook.com

Riyadh, Saudi Arabia, October 26 2023

Final day of FII7 in Riyadh sees detailed debate on AI and trillions in investments for environment unlocked ahead of COP28 summit

The final day of FII7 highlighted the new frontiers of investment and technology, focusing on space & aviation, biotech, cybersecurity, robotics, venture capital, start-up nations and more.

A special AI summit was undertaken, featuring a discussion in global AI regulations featuring Dr Eric Daimler, Co-Founder & CEO of Conexus, Michael Kratsios, Managing Director of Scale AI and H.E. Sebastian Kurz, Former Federal Chancellor of the Republic of Austria.

Other speakers included John Curtius, Founder Cedar Investment Management, Laurence Moroney, Lead AI Advocate and Google and Rami Qasem, EVP and Chief Commercial Officer, Beyond Limits.

The AI summit discussed recent data from Goldman Sachs Economics indicated that by 2025, AI-related global investment could reach $200bn, reflecting AI’s game-changing potential to revolutionize productivity and reshape business processes as it moves into broader economic and societal use.

Nicolas Carey, co-founder and Vice Chairman of Blockchain.com said “AI and the future of financial services will be highly correlated. It’s not coincidence that technologies like block chain and AI are emerging simultaneously,  they are highly symbiotic you need to have a lot of informatics and a lot of ability and ability to understand what these informatics are revealing to you.”

The discussions covered how global regulatory agencies, national legislators and standard development organisations are beginning to develop frameworks to maximize AI’s benefits to society, whilst mitigating known, and unknown, risks.

A special Global South Carbon Markets conference united stakeholders from the Global South under the banner of mutual collaboration to set a collective agenda and define desired outcomes ahead of COP 28.

The executive-level conference served as a platform for the Global South to come together with the shared goal of shaping the internal carbon market frameworks that align with their climate objectives and support biodiversity conservation, all within the context of advancing climate justice on a global scale.

On the final day of FII7, the Institute also unveiled its Inclusive ESG Tool and Score at the annual FII flagship conference to improve the quality of data on ESG in emerging markets and empower companies in these markets to receive financial flows. The initiative has been developed in partnership with ESG Book, a global leader in sustainability data and technology.

The FII Institute’s Inclusive ESG Tool has been developed to empower companies in these markets improve sustainability efforts and results while helping investors identify current and future performance leaders.

With the total of announcements made at FII7 reaching $17.9 Billion by the end of Day 3, the conference saw globally-relevant  announcements in a variety of sectors. The Public Investment Fund announced its partnership with Italian tire manufacturer Pirelli, committed to creating local manufacturing capabilities by building a tire manufacturing facility in Saudi Arabia. ACWA Power signed a financing agreement for a 240MW wind power project in Azerbaijan with the European Bank for Reconstruction & Development and OPEC Fund for International Development.

FII Institute also added two new investments to its portfolio – reaching a total of nine investments in international startups aligned with the Institute’s ESG goals. The first investment, Plant Squad, is the Latinx market leader for plant-based alternative proteins, offering authentic flavors and healthier formulations than its competitors. Ultim, the second investment, is a global innovator in hydrogen fuel cells.

Richard Attias, CEO of the Future Investment Initiative Institute: “Over the past three days we have had world leaders, titans of finance and experts in their field who have not only been discussing, but identifying and agreeing to radical action to improve the investment landscape, boost economies, galvanise support, and ultimately improve the world. FII is soon to move from the Middle East to the Far East with our FII PRIORITY Summit in Hong Kong December 7th and 8th and we will be continuing our mission to transform the lives – and futures – of human beings worldwide.”

ENDS

For media inquiries, please contact:

Phone: +966 53 978 2030

Email: Media@fii-institute.org

About FII Institute

The Future Investment Initiative (FII) Institute is a global nonprofit foundation driven by data with an investment arm and one agenda: Impact on Humanity. Global and inclusive, we foster great minds from around the world and turn ideas into real-world solutions in four critical areas: Artificial Intelligence (AI) & Robotics, Education, Healthcare and Sustainability.

In the presence of HRH Prince Abdulaziz bin Salman, Minister of Energy, HRH Princess Reema Bandar Al Saud, Ambassador of the Custodian of the Two Holy Mosques to the United States, and member of the Board of Trustees of the FII Institute, announced today the launch of the WAVE initiative by FII Institute in partnership with the Ministry of Energy and its ecosystem. The WAVE Initiative aims to coordinate efforts to accelerate ocean regeneration and restore its environmental and ecological balance. The announcement took place during the 7th edition of the Future Investment Initiative conference, held in Riyadh during October 24-26, 2023.

The WAVE Initiative aims to support international efforts on ocean regeneration and preserving ocean sustainability, considering its vital importance in maintaining environmental and climate balance and its significant impact on the global economy.

WAVE will serve as a platform, connecting diverse stakeholders across geographies, industries, and sectors, to amplify their collective efforts. It will launch a set of programs to raise awareness, establish a digital information hub, accelerate innovations, support scientific efforts, and build partnerships to find solutions for pollution and achieve environmental balance in oceans.

HRH Prince Abdulaziz bin Salman, Minister of Energy, affirmed that the partnership of the energy ecosystem with the institute stems from its commitment to supporting all environmental solutions, reflecting the Kingdom’s ongoing commitment to supporting efforts in addressing climate change challenges. HRH also pointed out that the energy sector prioritizes environmental commitments and implements the highest global standards in this field.

On this regard, HRH Princess Reema bint Bandar stated, “Oceans and seas play a crucial role in the lives, health, and well-being of humanity, directly impacting the overall health, well-being, and economy of the world. This initiative seeks to build connections and harmony among various international efforts, aiming to achieve its ambitious and yet attainable goal of environmentally regenerating the oceans within one generation.”

She also noted that this initiative is launched with the support from FII Institute and the energy ecosystem, and it is in line with the United Nations Sustainable Development Goals and the Kingdom’s ambitious environmental efforts under Saudi Vision 2030 initiatives and related projects.

Princess Reema pointed out that WAVE aspires to become a global initiative gathering all stakeholders across the world since the challenges that the oceans face today are not confined to one geography but present a collective global challenges. She also expressed her gratitude for the partnerships between WAVE and various Saudi and international entities and welcomed other entities to “Join the WAVE” adding that “We are especially proud of the radical collaboration across industries as it highlights the intentional efforts to transform how organizations are prioritizing the health of our planet.”

Princess Reema further added that the “number of signed partnerships in the first phase of WAVE reflects the interest in finding solutions for the challenges the oceans face today due to its direct economic impact,” further stressing that “we need global awareness to balance between the development needs of various countries and ocean sustainability, as is clear in the example of recycling waste instead of ocean and river dumping that severely harms the environment and causes imbalance in oceans.”

It is noteworthy that the WAVE initiative was announced during a partnership signing ceremony in the presence of HRH Prince Abdulaziz bin Salman, Minister of Energy, Richard Attias, FII Institute CEO, H.E Faisal Al Ibrahim, Minister of Economy and Planning, and H.E Dr. Munir Eldesouki, President of King Abdulaziz City for Science and Technology (KACST).

The 22 partnerships are with: the Ministry of Economy and Planning, Saudi Aramco, SABIC, MA’ADEN, NEOM, and Red Sea Global as Anchor partners. The King Abdulaziz City for Science and Technology, Environment Fund, King Abdullah University for Science and Technology, the Alliance to End Plastic Waste and OceanX as Strategic partners. In addition, the partnerships included the Saudi Electric Company, the Saudi Water Sports and Diving Federation, the Saudi Esports Federation, the Saudi Premier League, Mukatafa, CORDAP, Oceans 2050 and Noon as Initiative partners.

Also, Tonomous by NEOM, the Arab National Bank, and WEConnect International as program partners.

Richard Attias, CEO of FII Institute, said “Our oceans, the heartbeats of our planet, are gasping under unparalleled threats. As a scuba diver, I can tell that every moment we delay, a piece of our marine soul withers. Yet, in these dire times lies a chance – not just to shield the intricate dance of marine life, but to embrace the vast promise of a harmonious blue economy. It’s more than an obligation; it’s our legacy for the children of tomorrow.”

The WAVE initiative will be guided by a council including HRH Prince Sultan bin Fahd bin Salman Al Saud, President of the Saudi Watersports and Diving Federation, Professor Carlos Duarte, an international expert in biological oceanography and marine ecology, and Alexandra Cousteau, an expert and global advocate for ocean restoration.

WAVE will strive to achieve its objectives through various programs under 5 pillars which are:

  1. Insights, building a global digital information hub that will facilitate scientific research and bridge the data gap in this field.
  2. Engagement, launching circular campaigns to raise awareness and mobilize efforts to tackle the challenges that impact the ocean and seas.
  3. Innovation, driving technological efforts and startup support to find solutions addressing ocean-related challenges, which would drive clean technology innovation and adoption.
  4. Thought Leadership, fostering global connections among thought leaders and strengthen partnership frameworks by organizing meetings and conferences.
  5. Resources, facilitating access to resources and establish connections between relevant entities and individuals through a digital hub.

Riyadh, 25 October 2023

Global poll sampling 50,000 people from 23 countries highlights increasing discontent across a range of issues.

A global survey commissioned by non-profit Future Investment Initiative (FII) Institute, in partnership with Accenture is released today.  It identifies predominant issues of concern to citizens across the world. 

The survey, known as the FII PRIORITY Compass, is an annual research exercise which polls individuals from a range of ages, backgrounds and countries, informing policy development and providing data for leaders, CEOs, policy makers, and organizations to identify with accuracy the sentiments of 60% of the world’s population.

The data plays a vital role in shaping year-round discussions, policy advisory, and investment decisions at the FII Institute.  The institute is dedicated to addressing common issues facing humanity, such as economic growth, prosperity, climate change, technology regulation and equitable access to healthcare and education.

This year’s FII PRIORITY Compass report identifies several key issues, common to communities across the world:

At the FII7 summit currently underway in Riyadh (24 -26 October) 6,000 leaders, investors, experts, academics and innovators are taking part in over 200 panels and discussions designed to tackle the big issues facing humanity. This research will inform these discussions by providing essential insights into the actual issues that impact everyday people.

FII7 happens one month after world leaders gathered in New York for the United Nations General Assembly (UNGA) and six weeks after G20 leaders met in New Delhi.  It happens four weeks before world leaders gather to discuss climate action at COP28.

Richard Attias, CEO of the Future Investment Initiative Institute says:

“The 50,000 people we surveyed in 23 countries give us unparalleled insights into what matters to humanity.  We will now investigate everything that we are hearing.  At FII7 next week our data-driven agenda will help formulate initiatives and develop resolutions for action. With many of the world’s leaders and biggest investors in the room we can play our part in shaping a better and safer world.”

ENDS

For media inquiries, please contact:

Phone: +966 53 978 2030

Email: Media@fii-institute.org

About FII Institute

The Future Investment Initiative (FII) Institute is a global nonprofit foundation driven by data with an investment arm and one agenda: Impact on Humanity. Global and inclusive, we foster great minds from around the world and turn ideas into real-world solutions in four critical areas: Artificial Intelligence (AI) & Robotics, Education, Healthcare and Sustainability.

Riyadh, October 25, 2023

The FII Institute, the global non-profit organization that brings people together to deliver actionable solutions to the world’s most pressing challenges, is proud to announce the launch of four initiatives on three continents that will have long-lasting and sustainable impact for thousands of people in local communities.

In Brazil, FII Institute has partnered with ARCA, a grassroots community-based organization aiming to increase access to digital devices amongst youth, young adults and entrepreneurs in the oldest favela of São Paulo. The initiative will benefit 80 children and teenagers enrolled in school, 150 youths and adults in professional training, and 10 small business entrepreneurs. Some 8,000 people who live in the favela are involved in the initiative.

In Kenya, FII Institute has joined KenyaConnect to launch two initiatives in sustainability and education in rural Kenya.

In India, FII-Institute has partnered with Grameena Vikas Kendram Society in a project to provide sustainable drinking water to rural communities in Andhra Pradesh by providing clean drinking water in villages through installing advanced water filters. The project will directly benefit 225 families, or more than a thousand individuals, who currently face challenges in accessing clean water supplies.

Richard Attias, CEO of Future Investment Initiative Institute:

“FII Institute is proud to back these valuable projects, which will directly benefit thousands of people at the grassroots level. The Institute’s mission is to bring about meaningful and impactful solutions to real-world challenges, and these initiatives are the perfect illustration of that philosophy in action.”

ENDS

For media inquiries, please contact:

Phone: +966 53 978 2030

Email: Media@fii-institute.org

About FII Institute

The Future Investment Initiative (FII) Institute is a global nonprofit foundation driven by data with an investment arm and one agenda: Impact on Humanity. Global and inclusive, we foster great minds from around the world and turn ideas into real-world solutions in four critical areas: Artificial Intelligence (AI) & Robotics, Education, Healthcare and Sustainability.

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