Sustainability and moral duty tied to entrenched values and deep experience within the continent.

Funding and advisory agency ThirdWay Companions launched in 2014 with the mission to radically alter the funding local weather in Africa.

The agency facilitates inclusive, sustainable improvement through advisory and principal asset administration companies, working with each personal and improvement finance to pursue affect investing alternatives. ThirdWay has maintained a give attention to the UN’s ESG goals for sustainable improvement, and it boasts deep experience in capital elevating and structuring, enterprise mannequin improvement, market assessments, blended finance fund design. administration, and technical help.

 

With the world in turmoil at many ranges ThirdWay is comprised of a bunch of forward-thinking people motivated by a need to problem the established order — and a acutely aware need to responsibly use sources and forge new paths.

As African economies get better from the pandemic and the continent grapples with local weather change, ESG insurance policies play an important, long-term position. Environmental and moral points are gaining momentum and shifting to the forefront of enterprise improvement.

ESG methods maintain vital significance in Africa as buyers, funders and shoppers place belief in firms that exhibit dedication to those requirements. In a posh world, some firms battle to be resilient with out incorporating ESG impacts and alternatives into their risk-management and enterprise methods.

Buyers and improvement stakeholders have seen that incorporating these insurance policies is crucial for monetary progress. ThirdWay is specializing in the lead-up to 2023 and recognises essential ESG themes.

Nature-Primarily based Options

Given ThirdWay Companions’ expertise of immersive engagement with communities and conservation and long-standing partnerships with an array of improvement and personal buyers — the agency goals to additional develop its pure capital targeted work. Pure Capital is a dynamic and thrilling space of finance.

Instrumental to this shall be leveraging funding alternatives to worldwide organisations which have local weather agenda methods.

The intention is to let affect transfer the needle within the local weather area throughout a number of nature-based answer choices, together with biodiversity, carbon, waste-management, arable land, water shortage, and habitat.

Power Transition

Within the African context, a chance exists to divorce financial progress from emissions. With financial improvement, emissions usually rise sharply. Rising markets resembling Sub-Saharan Africa face the problem of rising and decarbonising on the similar time. There is a chance to determine and scale low-carbon “leapfrog” options to keep away from the emissions uptick. This can permit creating international locations to decouple their private goals whereas becoming a member of the worldwide transition to internet zero.

Lots of the vital minerals on which the worldwide power transition depends are present in Africa, positioning the continent to be a serious participant within the world transition. Sub-Saharan Africa’s mineral reserves are an integral part within the world battery provide chain, with minerals resembling nickel, graphite, cobalt, lithium and coltan. DR Congo at the moment produces about 70 p.c of cobalt, and has the potential to be a serious exporter of inexperienced hydrogen, based mostly on photo voltaic and onshore wind technology potential.

ThirdWay’s focus shall be on securing and enhancing the efficacy of the mineral provide chain, and economically vital segments of the financial system which have the potential to catalyse progress elsewhere, resembling low-cost zero-carbon electrical energy, transport, agriculture, useful resource effectivity, carbon storage and clear power applied sciences.

Sustainable Consumption

Consumption is a driver of financial progress, however results in overuse of the planet’s pure capital: slash-and-burn farming, air pollution of water sources and oceans, and harm to fragile ecosystems.

TWP’s Sustainable Consumption and Meals Manufacturing Observe focuses on placing consumption and meals manufacturing on a sustainable path, reversing unfavorable ecosystem affect, and bringing new merchandise to the market. It does this whereas securing incomes for communities that work the land or depend upon the forests and sea for his or her livelihoods.

The agency’s philosophy is that financial good points and productiveness ought to go hand-in-hand with enterprise fashions that permit progress but protect pure capital. The communities the place they function profit from significant jobs and alternatives for income-generation. The Sustainable Consumption and Meals Manufacturing Observe is derived from this ethos and the UN’s Sustainable Growth Objectives.

ThirdWay advises enterprises and governments at central and provincial ranges in defining insurance policies and investments in agriculture, forestry, and rural improvement. It additionally emphasises round financial system options throughout provide and distribution chains,and identifies various meals options — from protein to micronutrients sources in algae and indigenous crops.

The agency has grown considerably within the transition from ThirdWay Africa to ThirdWay Companions, and the crew stays delighted in its position as a number one presence on the African continent.