Doha, October 21 (QNA) - HE President of the French Republic Emmanuel Macron affirmed that the financial sector represents an essential partner in addressing climate change, underscoring France's commitment to supporting efforts aimed at directing financial flows in line with climate goals.

HE Macron made these remarks during his participation in the 9th Annual One Planet Sovereign Wealth Funds (OPSWF) CEO Summit, hosted by the Qatar Investment Authority (QIA) in Doha on Oct. 20 and 21 under the theme "Capital Across Generations".

The French president said that, since the launch of the OPSWF initiative in 2017, he had held a firm conviction that the financial sector must be an essential partner in addressing climate change. After nearly a decade, this conviction had grown stronger and more significant.

HE the French president added that the sovereign wealth fund alliance within the initiative now comprises 51 leading global institutions, commending its continued commitment, alongside sovereign wealth funds, to directing financial flows in line with climate goals and affirming that France will remain a strong supporter of this ambitious approach.

For his part, QIA Chief Executive Officer Mohammed bin Saif Al Sowaidi affirmed that hosting the summit reflects the Authority's commitment to safeguarding and managing Qatar's capital in a manner that serves the interests of future generations.

He noted that rapid transformations in the global investment landscape, driven by technological progress, developments in energy systems, and demographic changes, alongside geopolitical and economic uncertainty, make climate considerations a fundamental pillar in assessing asset resilience and its capacity to deliver sustainable value over the long term.

Al Sowaidi emphasized that he was proud to be one of the founding members of the OPSWF initiative, noting that hosting the summit under the theme "Capital Across Generations" reflects the essence of QIA's noble mission to safeguard and manage Qatar's capital for future generations.

  The two-day summit brought together a distinguished group of investors and global financial institutions to strengthen dialogue and cooperation in long-term responsible investment and discuss ways to enable institutional capital to deliver sustainable value whose impact extends across generations, amid the structural transformations taking place in the global economy.

The summit sessions addressed several key issues, including financial innovation, climate risk management, and investment in nature. They also examined how to balance the opportunities and challenges posed by technological innovation and sustainability requirements to support the development of a more resilient investment ecosystem capable of keeping pace with future changes.

The summit was attended by a number of senior officials and leaders of sovereign wealth funds and global investment institutions, including HE Managing Director of the Kuwait Investment Authority (KIA) Sheikh Saoud Salem Abdulaziz Al-Sabah and HE Governor of the Public Investment Fund of Saudi Arabia Yasir Al Rumayyan alongside a number of sheikhs, ministers, CEOs, and senior officials from brotherly and friendly countries.

In essence, QIA has been one of the founding partners of the OPSWF initiative since 2017, working in collaboration with its counterparts worldwide to promote the integration of climate considerations into long-term investment decision-making.

Hosting this summit in Doha underscores QIA's commitment to the principles of responsible investment and reflects Qatar's growing standing as a global platform for dialogue and international cooperation. (QNA)