RELEASE: IDB Invest Sustainability Week will bring together more than 500 global leaders in Manaus, Brazil

(Information sent by the signatory company).

RELEASE: IDB Invest Sustainability Week will bring together more than 500 global leaders in Manaus, Brazil

(Information sent by the signatory company)

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WASHINGTON, May 16, 2024 /PRNewswire/ -- IDB Invest will hold its flagship event IDB Invest Sustainability Week in Manaus, Brazil, in the heart of the Amazon. More than 500 world leaders will meet June 11-13 to discuss the role of the private sector in expanding impact in Latin America and the Caribbean.

The theme of this year's event is "Impact Co-Creation" and will provide a high-level forum for CEOs, government officials, development professionals and ESG specialists to network and share best practices in impact investing, Amazon, inclusion, bioeconomy and climate change.

"Latin America and the Caribbean is a world leader in nature and biodiversity and plays a fundamental role in global climate balance," commented James Scriven, CEO of IDB Invest. "The private sector has a leadership role to play in scaling up sustainable business solutions and mobilizing impact investors to the region."

Latin America and the Caribbean is home to the Amazon rainforest, which absorbs a quarter of all the total CO2 on the planet. There is growing scientific consensus that the Amazon basin is reaching an ecological tipping point and urgent action is needed.

"The world has changed dramatically in recent years," Scriven noted. "Old operating principles are no longer sufficient to address today's complex and overlapping challenges. Through our new originate-to-share business model, IDB Invest is connecting private sector clients and like-minded investors who see the potential of Latin America and the Caribbean".

The Amazon region comprises nine countries in Latin America and the Caribbean with more than 60 million people, including hundreds of indigenous groups. The Amazon region is fundamental to ecosystems around the world and provides 40% of Latin America's fresh water.

For more information about the event, visit: https://www.idbinvest.org/en/sustainability/sustainability-week-2024

About IDB Invest

IDB Invest, a member of the Inter-American Development Bank Group, is a multilateral development bank committed to promoting the economic development of its member countries in Latin America and the Caribbean through the private sector. IDB Invest finances sustainable companies and projects to achieve financial results and maximize the economic, social and environmental development of the region. With a portfolio of US$21 billion in assets under management and 394 clients in 25 countries, IDB Invest offers innovative financial solutions and advisory services that meet the needs of its clients in a variety of industries.

Contact: Ana Lucia Escudero, analuciae@iadb.org

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