Contributions for COP28 Namibian Pavilion
The Capricorn Group, through joint donations from the Capricorn Foundation and Bank Windhoek, donated N$500 000 to the Ministry of Environment, Forestry and Tourism towards Namibia's participation and pavilion at the COP28 conference taking place from 30 November 2023 in Dubai, UAE.This is the second year that Capricorn Group, Capricorn Foundation and Bank Windhoek have donated towards Namibia's Pavilion at COP28.
“Our 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 sustainable and resilient Namibian economy and world,” Ruan Bestbier, Capricorn Group Head: Sustainability.
“Our continued support and presence at COP28 signify our commitment to playing a critical role in creating a legacy of positive change that will echo through generations.”
Capricorn Group, the 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.
Sustainable practices
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.
“The Capricorn Foundation, the main driver of Capricorn Group's CSR initiatives, is proud to support Namibia's participation at COP28,” says Marlize Horn, Executive Officer of the Capricorn Foundation.
“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. I look forward to representing the Capricorn Foundation at COP28 to present a case study on our Food Waste Challenge and to build a network with like-minded international organisations.”
The UAE is one of the most vulnerable to climate change countries in the world, located in a region with a scorching and humid climate. Rising temperatures are already severely impacting the population's daily life, increasing payments for electricity and water making it difficult to walk in the street.