FII Institute Unveils New Inclusive ESG™ Scoring Framework and Methodology and Announces Strategic Investment in Leading Green Technology Company

Riyadh, Saudi Arabia, May 21, 2022 /PRNewswire/ — The Future Investment Initiative (FII) Institute hosted an Emerging Markets ESG Summit in London, attended by international leaders, CEOs and investors as well as thought leaders and sustainability leaders, during which:

· Unveiled a new Inclusive ESG™ Framework and Scoring Methodology to inform and accelerate ESG investments in emerging economies;

· He launched a white paper on ESG factors calling on investors, governments and companies in emerging markets to raise their standards;

· He announced an investment of 500,000 euros in Timbeter, a leading company in the field of green technologies.

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This new framework and the new scoring methodology Inclusive ESG™ aim to give unbiased ratings to companies in emerging markets that currently receive less than 10% of ESG feeds, despite being home to almost 90% of the world’s population and around half of global GDP. ESG rating agencies are one of the main barriers to increased investment in emerging markets. Currently, the major rating agencies use key performance indicators that are not relevant for emerging markets. Existing frameworks are too focused on disclosure and fail to account for year-over-year performance improvement. The new framework, developed with support from Ernst & Young (EY), places more emphasis on improving performance over time than on breadth of disclosure, with a focus on industry challenges rather than country risk, to ensure fair competition between companies in emerging and developed markets.

The FII Institute walks the talk by investing 500,000 euros in Timbeter, a leading green technology company specializing in wood measurement. To increase supply chain transparency, sustainability and certification, in line with ESG processes, Timbeter provides an AI-driven photo-optical application that accurately determines log quantities in an area with a length and a exact diameter. This technology is essential for more proactive forest management and a more sustainable sector.

the white paper on ESG factors aims to encourage greater ESG investment in emerging markets. He invites :

· The investors publicly commit to increasing the share of capital allocated to emerging markets from less than 10% currently to a minimum of 30% of committed and invested capital by 2030.

· The governments to encourage companies headquartered in emerging markets to become more proactive in disclosing relevant information through their usual communication channels.

· Companies headquartered in emerging markets strengthen their narrative explanation of how ESG actions align with local realities and generate increased value for all stakeholders, including risk management for investors.

Richard AttiasCEO of the FII Institute, said: “The core of our work at the FII Institute is to raise awareness of the weaknesses of current ESG standards and their impact on global sustainability prospects, and to advocate for an inclusive and equitable application of factors. ESG by inspiring key players around the world to take concrete action.

ESG factors have been one of the fastest growing investment strategies in recent years, accounting for a third of all assets under management. But this growth is not steady. Together with our partners at EY, we have identified and removed barriers to ESG investing in emerging markets that are often overlooked. By launching the Inclusive™ ESG Rating Framework and Methodology, investing in a global sustainable solutions company, and publishing our recent ESG White Paper, we are taking concrete steps to create a better future for humanity. And we are confident that our partners around the world will help us take these actions forward. »

Notes for Editors

The “ESG in Emerging Markets” Summit brought together more than 40 international leaders and experts who provided their views on the future of ESG and sustainability. Speakers included HE Yasir Al Rumayyan, Chairman of the FII Institute, Governor of the Public Investment Fund and Chairman of Saudi Aramco; HE Dr. Yasmine FouadMinister of the Environment of Egypt; Larry Fink, CEO of Blackrock; the senator Matteo Renzi, former prime minister of Italy; lord Gerry Grimstone of Boscobel Kt, UK Investment Minister; David Schwimmer, CEO of the London Stock Exchange Group; and many others.

The FII Institute is a global non-profit organization launched in 2019 to advance one agenda: impact on humanity. Since its inception, the Institute has launched several initiatives to create inclusive ESG principles and improve ESG performance to create a brighter and more sustainable future for humanity.


Reem Alsaud

[email protected]


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