The Private Infrastructure Development Group (PIDG) today announced the launch of the PIDG Sustainability and Impact Report 2024, highlighting that since 2002, PIDG-supported projects have mobilised a total of USD 47.2 billion, including USD 29.8 billion from the private sector. In 2024, PIDG secured a total of USD 5.5 billion in investment across 25 projects, with USD 4.1 billion invested by the private sector.
PIDG mobilisation figures were announced on the sidelines of London Climate Action Week, where the Group plays a key role in bringing the financial industry together to accelerate climate action and sustainable development. The PIDG Sustainability and Impact Report 2024 outlines how the Group’s activities directly benefit communities and investors in emerging markets and developing economies (EMDEs) and deliver impact over the longer term.
To kick off London Climate Action Week, PIDG hosted senior industry leaders at its office for a high-level roundtable on enhancing public and private financing for climate adaptation and resilience. Throughout the week, in addition to actively participating in key forums, PIDG will host workshops and events with sustainable development partners from public, private, and humanitarian sectors, including the Blue Dot Network, UNICEF, and more.
The engagements build capacity and facilitate dialogue and alignment across diverse perspectives. PIDG will demonstrate how financial products and blended finance can be leveraged to galvanise greater sums of private investment for vital infrastructure – providing energy access, transport and logistics, resilient cities, and water and natural resource management in EMDEs. Commercial and institutional investors, business leaders, policymakers, and researchers from around the world will discuss how standardisation could drive investment in these markets.
Philippe Valahu, CEO of PIDG, said: “Progressive action is not an option, it is an imperative. Asset managers, insurers, and banks collectively hold deep pools of capital and are positioned to provide practical and replicable solutions that shape global growth and positively change lives. They can back large-scale climate and nature projects, and earn positive returns as evidenced in PIDG’s 2024 Sustainability and Impact Report. We are creating opportunities for win-win partnerships that fuel domestic growth, drive scale, enhance transparency, and direct climate finance to where it is needed most. The time for active collaboration is now.”
EMDEs currently account for around 75%1 of global emissions and encompass many of the world’s most climate-vulnerable regions. Without strategies and coordinated efforts to mitigate risks, including climate-related events, the stability of returns and asset values globally poses a significant threat to institutional investors’ portfolios.
PIDG is a member of the EMDE Investor Taskforce in the UK to support global economic growth and tackle climate change.