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19 SEPTEMBER, 2023
Anglo American backs Zambia’s impact investment drive
Lusaka, Zambia – Global mining company Anglo American has reiterated its on-going commitment to supporting the advancement of impact investing in countries in which it has a presence, including Zambia by sponsoring the Zambia Impact Investment Summit (ZIIS).
The pledge is part of the company’s ethos that corporate entities play a pivotal role in driving positive social and environmental change through responsible business practices.
Speaking during the Zambia Impact Investment Summit 2023 held under the theme “Zambia Rising; Harnessing Solutions for a Sustainable Future” Anglo American Principal: Sustainable Business Opportunities Emma Parker said: “We recognise that the private sector has a critical role in addressing global challenges. By integrating impact investing into our business model, we aim to create lasting positive change while delivering commercial and stakeholder value. We are committed to working in collaboration with a diverse range of partners to drive innovation, build resilience, and contribute to a more sustainable and equitable world.”
Anglo American recognises that addressing some of the world’s most pressing challenges, such as climate change, social inequality, and resource scarcity, requires a concerted effort from all sectors of society. Impact investing, which aims to generate positive social and environmental impact alongside financial returns, has emerged as a powerful tool in tackling these challenges head-on.
The Zambia Impact Investment Summit (ZIIS) is an annual event held by the National Advisory Board for Impact Investment (NABII), in collaboration with Impact Capital Africa (ICA).
The event aims to foster a thriving Zambian impact investment ecosystem, by convening key stakeholders including investors, impact companies, banks, corporates and intermediaries. The core focus of the event is to highlight a pipeline of exciting local opportunities, driving investment from attending investors. Since 2018 ICA has supported over $125m of capital investment into Zambia SMEs, the conference playing a pivotal role in showcasing Zambia talent.
The mining giant firmly believes that corporates have a unique role to play in the impact investing ecosystem. By leveraging their resources, expertise, and global reach, they can remove barriers and constraints preventing the flow of impact capital into local SMEs, test innovative approaches to finance with investor and banking partners, while supporting economic diversification and jobs. The company is committed to leading by example and has established the Impact Finance Network to lead its corporate impact investing work.
“As a corporate we have the opportunity to use our unrestricted capital to design a programme, the Impact Finance Network, which helps find these businesses and prepare them for investment by providing quality technical assistance. And then unlocking finance through our network of investors via our curated matching process,” added Mrs Parker.
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About Anglo American
Anglo American is a leading global mining company and our products are the essential ingredients in almost every aspect of modern life. Our portfolio of world-class competitive operations, with a broad range of future development options, provides many of the future-enabling metals and minerals for a cleaner, greener, more sustainable world and that meet the fast growing every day demands of billions of consumers. With our people at the heart of our business, we use innovative practices and the latest technologies to discover new resources and to mine, process, move and market our products to our customers – safely and sustainably.
As a responsible producer of diamonds (through De Beers), copper, platinum group metals, premium quality iron ore and metallurgical coal for steelmaking, and nickel – with crop nutrients in development – we are committed to being carbon neutral across our operations by 2040. More broadly, our Sustainable Mining Plan commits us to a series of stretching goals to ensure we work towards a healthy environment, creating thriving communities and building trust as a corporate leader. We work together with our business partners and diverse stakeholders to unlock enduring value from precious natural resources for the benefit of the communities and countries in which we operate, for society as a whole, and for our shareholders. Anglo American is re-imagining mining to improve people’s lives.
www.angloamerican.com
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