NH Investment & Securities Signs Strategic Partnership Agreement with Global Green Growth Institute
NH Investment & Securities announced on October 27 that it has signed a memorandum of understanding (MoU) with the Global Green Growth Institute (GGGI) for the successful implementation of the Green Climate Fund (GCF) program (FP240).
Yoon Byungwoon, CEO of NH Investment & Securities (right), and Kim Sanghyup, Secretary General of GGGI, are posing for a commemorative photo after the agreement ceremony held at the GGGI headquarters. Photo by NH Investment & Securities
View original imageThe signing ceremony took place that morning at the GGGI headquarters, with Yoon Byungwoon, CEO of NH Investment & Securities, and Kim Sanghyup, Secretary General of GGGI, in attendance.
The FP240 "Climate Tech Companies Overseas Expansion Support Program," which was approved at the 39th GCF Board meeting in July last year, was established to enhance access to climate response technologies in developing countries and to support local climate innovation ecosystems. GGGI is an international organization founded to promote sustainable economic growth and climate change response worldwide, developing policies and strategies for sustainable growth in cooperation with governments, businesses, and international organizations.
Within the FP240 project, GGGI plans to identify and build the capacity of local climate technology companies in Southeast Asia (Laos, Cambodia, Vietnam, Indonesia, and the Philippines). Starting with this agreement, NH Investment & Securities aims to broaden its cooperation with GGGI and jointly achieve tangible results in various climate finance projects. In the FP240 project, NH Investment & Securities plans to discover global climate technology companies and operate a fund to support these companies and technologies as they expand into Southeast Asia.
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Yoon Byungwoon, CEO of NH Investment & Securities, stated, "Responding to the climate crisis and pursuing green growth have become essential issues for the international community, and the role of financial institutions is more important than ever. Through this agreement, we look forward to building a sustainable financial ecosystem in close cooperation with GGGI and contributing to the global response to climate change."
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