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Efforts will floor and scale modern options that strengthen sustainable forestry and enhance well being and well-being.
TORONTO, Jan. 19, 2023 /PRNewswire/ – Manulife and the World Financial Discussion board (“the Discussion board”), introduced the launch of two Innovation Challenges in 2023 by UpLink, the Discussion board’s open innovation platform. The partnership was introduced on the Discussion board’s Annual Assembly in Davos and goals to interact ecopreneurs and companions to assist them scale new and modern concepts and ventures.
The 2 UpLink Innovation Challenges will unlock options that stem from, and are geared toward, forests, to provoke an ecopreneur revolution that may assist to safeguard nature, local weather, livelihoods, and the well-being of individuals. Full undertaking particulars, together with eligibility standards and timelines, may be discovered on the problem web page right here.
The Sustainable Forest Economic system Problem will goal to supply modern options throughout the worth chain from the sustainable administration of forests to the manufacturing and utilization of wooden. A local weather good forest economic system method is crucial to guard, preserve, handle, restore, and regrow forests. Candidates can start making use of at present by March 1st, 2023.
The Forests and Bushes Enhancing Human Well being and Nicely-being Problem will goal to floor improvements fostering improved interlinkages between planetary and human well being. Particulars for this problem can be made public later this 12 months.
Biodiversity is degrading sooner than at any time in historical past1, driving poor environmental, financial, and human well being outcomes. This contains the lack of forests, which is destabilizing pure programs. Sustainably managed forests and farms are a crucial a part of reversing dangerous environmental impacts; they sequester carbon, regulate world temperatures and freshwater flows, recharge groundwater, anchor fertile soil, act as flood boundaries, and have been proven to boost psychological and bodily well being. By means of this undertaking, Manulife furthers its ongoing dedication to proceed scaling nature-based local weather options and investments in sustainable forestry and farmland to assist fight nature loss, as a result of collective motion is required to maintain our societies and economies.
“Our surroundings is essential to human well being and wellbeing, and as a worldwide life insurer and asset supervisor, we see firsthand how broken ecosystems put livelihoods and economies in danger,” mentioned Roy Gori, President and CEO, Manulife. “Given our place as one of many world’s largest sustainable timberland and farmland funding managers2, we are able to help and scale modern options, that are urgently wanted in response to the speedy degradation of nature and biodiversity. We’re very excited to launch this undertaking with the World Financial Discussion board and UpLink and need to hear from passionate, large thinkers who might help us deal with and reverse nature loss.”
Primarily based on the “The World Evaluation Report on Biodiversity and Ecosystem Companies” launched by the Intergovernmental Science-Coverage Platform on Biodiversity and Ecosystem Companies (IBPES) in 2019.
RISI, Inc. 2021 knowledge primarily based on high 15 world Timber Funding Administration Organizations (TIMO) by belongings underneath administration. Manulife pays a subscription charge for entry to the database.
“Innovation is just not a nice-to-have, however a vital ingredient in reaching the United Nations’ 2030 Sustainable Growth Targets,” mentioned John Dutton, Head of UpLink and Member of the Govt Committee for the World Financial Discussion board. “We’re proud to hitch forces with Manulife to supply and scale the modern options that may strengthen sustainable forestry, enhance wellbeing, and promote nature-based options to local weather change. This dedication will assist to shine a light-weight on the often-overlooked purpose-driven entrepreneurs whose options are so urgently wanted, giving them the visibility, assets, and experience they should sort out the world’s largest challenges head on.”
This undertaking builds upon Manulife and the World Financial Discussion board’s continued partnership. Late final 12 months, Manulife introduced a pledge to 1t.org which is the Discussion board’s Trillion Bushes initiative. As a part of the pledge, Manulife is aiming to scale Manulife Funding Administration’s carbon-focused forestry investments and sequestration of CO2 from the environment by the forests it manages over a interval of 5 years.
Just like the 1t.org pledge, this partnership with Uplink aligns to Manulife’s not too long ago introduced Influence Agenda, which goals to construct enterprise to raised the world by making choices about the way forward for the agency’s enterprise, rooted within the perception that collective actions drive significant change. To be taught extra about Manulife’s Influence Agenda, and to trace progress towards its targets, go to manulife.com/affect.
Manulife Monetary Company is a number one worldwide monetary companies supplier, serving to folks make their choices simpler and lives higher. With our world headquarters in Toronto, Canada, we offer monetary recommendation and insurance coverage, working as Manulife throughout Canada, Asia, and Europe, and primarily as John Hancock in the US. By means of Manulife Funding Administration, the worldwide model for our World Wealth and Asset Administration section, we serve people, establishments, and retirement plan members worldwide. On the finish of 2021, we had greater than 38,000 staff, over 119,000 brokers, and hundreds of distribution companions, serving over 33 million prospects. We commerce as ‘MFC’ on the Toronto, New York, and the Philippine inventory exchanges and underneath ‘945’ in Hong Kong. Not all choices can be found in all jurisdictions. For added data, please go to manulife.com.
UpLink is the open innovation platform of the World Financial Discussion board, designed to unlock an ‘entrepreneur revolution’ for folks and planet by supporting start-ups with modern options for the world’s most urgent points, as outlined by the United Nations Sustainable Growth Targets (SDGs).
Launched on the World Financial Discussion board’s 2020 Annual Assembly in Davos in partnership with Deloitte and Salesforce, UpLink builds bridges between entrepreneurs and the traders, consultants and companions who might help scale their ventures. UpLink crowdsources new improvements by a contest framework often known as innovation challenges. UpLink has now run greater than 43 challenges and recognized over 350 entrepreneurs with modern options throughout crucial SDG areas together with well being, meals, freshwater, ocean, plastics, schooling, local weather and extra. For extra data, go to https://uplink.weforum.org
1t.org is a World Financial Discussion board initiative that serves a worldwide motion to preserve, develop and restore 1 trillion timber by 2030. 1t.org is ready as much as help the UN Decade on Ecosystem Restoration. 1t.org mobilizes personal sector engagement and ambition in forest conservation and restoration, facilitates multistakeholder dialogues in key geographies, and helps innovation, ecopreneurship and youth to incentivize and speed up restoration. For added data, please go to www.1t.org.
SOURCE Manulife Monetary Company