Old Mutual ready to invest 8 billion USD in sustainable development

Old Mutual plans to invest 8.3 billion USD in sustainable development as announced by the group's executives at the last annual meeting of the World Economic Forum (WEF) in Davos, Switzerland.

For Iain Williamson, interim CEO, a sustainable development strategy requires a public-private partnership to deal with climate change. The preservation of natural resources also requires the establishment of a sustainable energy policy.

The Davos meeting held from 21 to 24 January 2020, brought together more than 3 000 participants from around the world, including 50 South Africans.

Read also | South African insurance industry