The Green Guarantee Company (GGC), established by The Development Guarantee Group, which was co-founded with Cardano Development, celebrated the launch of its operations with a Market Closing Ceremony at the London Stock Exchange on Friday. GGC will use guarantees to help borrowers in developing countries to improve their credit ratings to access global capital markets. GGC is the world’s first climate-focused guarantee company, which is set to unlock billions in climate finance for developing countries by providing guarantees for institutional investors buying green bonds issued and listed on the London Stock Exchange and green loans issued in the private credit market. #guarantees #climatefinance #sustainabledevelopmentgoals Boo Hock KHOO | Lasitha Perera | Dale Petrie | Uzoma Okoro | Anne . Joost Zuidberg | Frank Gosselink | 🌍 Fleur Henderson | Caroline Noothoven-van Nispen | Maria-Pia Kelly Read more 👇🏾 https://bit.ly/3SKdS2V
The Development Guarantee Group
Financial Services
We design, build and operate guarantee solutions that mobilise capital to fund development and sustainability challenges
About us
A partner led firm that is seeking to design, build and operate innovative guarantee based solutions for some of the world's most urgent development challenges.
- Website
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http://guarantee.dev
External link for The Development Guarantee Group
- Industry
- Financial Services
- Company size
- 2-10 employees
- Headquarters
- London
- Type
- Privately Held
- Founded
- 2021
Locations
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Primary
Get directions
London, GB
Employees at The Development Guarantee Group
Updates
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Great to see the important role of guarantees highlighted in this interesting report on financing for regenerative agriculture! Check out mention of the Green Guarantee Company and our friends at AGRI3 Fund (another guarantor backed by Cardano Development, our strategic partner) on Page 52! 😊
The impact of climate change on humanity's ability to feed itself is existential. According to the FAO and the International Disaster Database in the past 30 years, nearly USD$ 4 trillion worth of crops and livestock production have been lost globally due to disaster events, corresponding to an average loss of 5% of annual global agricultural GDP. The increasing severity and frequency, from around 100 events per year in the 1970s to 400 events per year worldwide in the past 20 years, will only worsen under a “business as usual” scenario with perpetuation of conventional agricultural production methods. In other words, something needs to change. Fast. Fast needs finance. This excellent report by the The Rockefeller Foundation, Transformational Investing in Food Systems and Pollination discusses some of the challenges faced in financing regenerative (i.e. climate resilient) agriculture solutions and highlights how guarantees are one of the key financing tools available, including from the Green Guarantee Company. 💪 https://lnkd.in/ebyf7HYP
Financing for Regenerative Agriculture
https://www.rockefellerfoundation.org
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Welcome to the new Board of the Green Guarantee Company (GGC). As the manager of GGC we at the Development Guarantee Group look forward to working with the new Board to enable greater volumes of climate finance being mobilised to developing countries. #climatefinance #guarantees
The Green Guarantee Company (GGC), the world’s first climate-focused guarantor, has taken a key step towards becoming fully operational by announcing its inaugural Board of Directors. The new Board will be comprised of Christopher Marks (Chair), Price Lowenstein, Thomas Venon, Aminu Umar-Sadiq, Stacy A. Swann and Ricardo (Rick) Nogueira. The new Board, bringing deep experience in climate finance, emerging markets, capital markets and insurance, will help oversee and guide GGC’s strategy and performance. To learn more about our new Board members please click here: https://lnkd.in/eDaERWex GGC is an investment grade (Fitch Ratings BBB/Stable) guarantor that will credit enhance debt instruments issued by climate mitigation and adaptation projects in developing countries, thereby enabling investors in global capital and credit markets to invest. GGC has a USD 1 billion guarantee capacity underpinned by capital provided by several blue-chip investors being the UK’s Foreign, Commonwealth and Development Office via its MOBILIST Global programme, the Green Climate Fund, the NSIA: Nigeria Sovereign Investment Authority, USAID with Prosper Africa and the U.S. Department of State, and Norfund. GGC is managed by The Development Guarantee Group.
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The Development Guarantee Group reposted this
Chief Underwriting Officer; Development finance; infrastructure and project finance; mobilising climate finance to emerging markets and developing economies.
Thanks to Structured Credit Investor and my co-panellists Elena Rinaldi, CFA, James Vergara and moderator Anna Bak for a rich discussion on ESG credit impact in securitisations. It is clear the asset class has an important role to play in channeling finance to the #carbontransition, is generally resilient given its diversification and structural enhancements, and whilst data on ESG features of the collateral pools is improving, more needs to done. The investor will is there; availability of qualifying loans should improve over time; and clear and consistent regulation is important to enable transactions.
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Join us at The Development Guarantee Group (DGG)! At DGG, we are dedicated to driving positive change in the world through guarantees, and we need passionate, solution driven individuals to help us achieve our mission. The DGG Portfolio team is responsible for selecting, executing, and maintaining a well performing portfolio of guarantees for each of our impact strategies. We are looking for Portfolio Managers to work on our first impact strategy, being the Green Guarantee Company, and to help us build a portfolio of guarantees that mobilises institutional capital from global capital and credit markets at scale, to finance projects that are delivering positive climate impact in developing countries. Find out more about the Portfolio Manager role by clicking on the link below! https://lnkd.in/eyBHRhG9 To apply please send your Curriculum Vitae and a Cover Letter (Max 500 words) explaining why you are a suitable candidate for the role and email it to: recruitment@guarantee.dev Deadline: Friday 12th April 2024 #climate #greenfinance #guarantees #hiringnow
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Join us in welcoming Christopher B. to The Development Guarantee Group as our new Chief Underwriting Officer! We look forward to having Christopher on the team and working on the Green Guarantee Company and many more to come! Stay tuned! Please find our press release in the link below: https://lnkd.in/ekUhitBH: #guarantees #climateimpact #climatechange Lasitha Perera | Boo Hock KHOO | Dale Petrie | Uzoma Okoro | Anne Tran | Christopher B.
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USAID and the U.S. Presidential initiative Prosper Africa announce their commitment to The Development Guarantee Group's Green Guarantee Company at COP28 UAE. Read more below #guaranteesforgood #cop28 #climatefinance
Today at #COP28 the U.S. government, including USAID and the U.S. Presidential initiative Prosper Africa, announced its investment in a public-private partnership to create the Green Guarantee Company (GGC), the first ever privately run guarantee company devoted to catalyzing green bonds and loans in partner countries, focusing on Africa, Asia, and Latin America. More on this announcement here: https://lnkd.in/gtrP42-e
The U.S. Government Joins Public-Private Partnership to Create New Billion-Dollar Guarantee Company to Tackle Global Climate Crisis | Press Release | U.S. Agency for International Development
usaid.gov
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Lasitha Perera, co-founder of The Development Guarantee Group (DGG) is at COP28 UAE, representing DGG’s Green Guarantee Company (GGC). GGC is supported by MOBILIST Global, a flagship Foreign, Commonwealth and Development Office (FCDO) programme. MOBILIST encourages global institutional investors and public markets worldwide to be part of the innovative solutions which are needed to close the climate finance gap in Emerging Markets and Developing Economies (EMDEs). Today, Andrew Mitchell, UK Minister of State in the Foreign, Commonwealth & Development Office, highlighted a recent UK White Paper on International Development which sheds light on the need for new financing vehicles that meet the requirements of institutional investors in tackling climate change. Read the full story below. #guaranteesforgood #climatefinance #COP28 Boo Hock KHOO | Dale Petrie | Joost Zuidberg | Frank Gosselink | Uzoma Okoro | Anne . | Cardano Development
It’s Finance Day at COP28 UAE. Today’s agenda at #COP28 focuses on one of the most critical aspects of responding to climate change, especially in emerging markets and developing countries. The International Monetary Fund (IMF) estimates that the private sector will need to cover most climate mitigation investment needs in EMDEs – between 80% and 90%, depending on whether China is included. The recent UK White Paper on International Development released by the Foreign, Commonwealth and Development Office also highlighted the need for new financing vehicles which meet the requirements of institutional investors in tackling climate change. This means commercial capital mobilisation should be key to all climate finance discussions. MOBILIST is delighted to be mentioned in these conversations at COP28, specifically in relation to our support of the Green Guarantee Company Guarantee Company (GGC), managed by The Development Guarantee Group (DDG). Green Guarantee Company (GGC) is the first global guarantor focused on providing hard currency guarantees for more sophisticated borrowers in emerging markets who will have the ability to mitigate currency risk but are restrained by the sovereign rating of their home country from accessing global capital markets on an affordable basis. MOBILIST’s support for GGC also highlights our call that global institutional investors and public markets around the world must form part of the innovative solutions needed to close the climate finance gap in EMDEs. Read more here: https://lnkd.in/dFBRFZbm Prosper Africa, Norfund, NSIA: Nigeria Sovereign Investment Authority
COP28: MOBILIST HIGHLIGHTS NEED FOR PUBLIC MARKETS TO FORM PART OF CLIMATE FINANCE SOLUTIONS - Mobilist
https://www.mobilistglobal.com
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Join Our Growing Team at The Development Guarantee Group! We are thrilled to announce the expansion of our team and the opportunity to make a meaningful impact. Are you passionate about climate action? Do you have a strong commitment to health, safety, environment, and social responsibility? If so, we have two exciting positions waiting for you -> Head of Climate: Lead the charge in our efforts to combat climate change and create a more sustainable future. Your expertise can make a world of difference. Apply now! bit.ly/45XUaV3 Head of Health, Safety, Environment, and Social (HSES): Ensure that our operations are conducted with utmost care for the health and safety of our team, our communities, and our planet. If you're up for the challenge, we want to hear from you! http://bit.ly/3Sbaa2t At the Development Guarantee Group, we are dedicated to driving positive change in the world through the use of financial guarantees, and we need passionate, solution driven individuals to help us achieve our mission. #climate #greenfinance #guarantees #HiringNow Lasitha Perera | Boo Hock KHOO | Dale Petrie | Uzoma Okoro | Anne . | Joost Zuidberg | Cardano Development