Welcome to PIDG's 2020 Annual Review
PIDG’s 20th anniversary will fall later this year. The combined challenges of accelerating progress towards the Sustainable Development Goals (SDGs), stepping up action to face the climate emergency, addressing changing demographic patterns and recovering from an unprecedented pandemic crisis, make PIDG’s mission as and more relevant today than when it was first established.
Our 2020 Annual Review documents our progress over the past year, lessons learned and our plans for the years ahead.
the combined challenges to fulfilling the Sustainable Development Goals (SDGs) by 2030, a changing climate as well as changing demographies, it is clear that PIDG’s mission remains as, if not more, relevant today compared to when it was first established.
Hear more from our Chair and CEO
What did we achieve in 2020?
Sustainable Development Impact
PIDG defines sustainable development impact as tangible net positive impact on people, planet, wider economy and markets. In 2020, we continued to put sustainable development impact at the core of our investment decisions, in a year like no other.
We responded to COVID-19
COVID-19 has impacted adversely the economies of many of PIDG’s target countries and the restrictions imposed to tackle the pandemic have resulted in delays in projects being developed and financed by PIDG companies. The PIDG companies expect these challenges to continue into 2021.
PIDG learnt significant lessons through its immediate COVID response. Overall, the Group concluded that it will be able to make the most meaningful contributions to the COVID-19 recovery by doing what it does well and by continuing to focus on those areas where it has an expertise and active commitments.
We took action on climate change
PIDG’s overall commitment is to support the goals of the Paris Agreement on Climate Change and to invest in projects that assist countries to transition towards a global net zero carbon economy by 2050.
Find out what we did in 2020 to fulfil our commitment.
PIDG 2020 TCFD Report
PIDG is officially signed up as a supporting organisation to the Task Force on Climate-related Financial Disclosures (TCFD).
Read our 2020 disclosure which documents the progress we made in implementing the TCFD recommendations, detailing how we how we identified, assessed, and managed climate-related risks and opportunities within our project portfolio.