Business Chief ME+AFRICA Magazine November 2023 | Page 94

ESG | GREEN FINANCE

Jose Maria Ortiz

TITLE : CO-CEO AND HEAD OF IMPACT INVESTING COMPANY : THE PALLADIUM GROUP
EXECUTIVE BIO
For the last 25 years , Jose Maria Ortiz has been helping government and private-sector organisations transform the societies in which they operate , most recently in Europe , Africa and India . As head of Palladium ’ s impact investing and natural capital businesses , Jose is passionate about unlocking the power of capital to deliver innovative , sustainable solutions to socioeconomic challenges . He began his career at PwC .
word ‘ green ’ can create confusion , and could actually erode investor confidence . He says investors are already talking about ‘ dark green ’ to differentiate from “ less green products that have the label but not the substance ”.
“ If we solve the challenge ahead , the green finance market will continue to grow much faster than the rest of the market and the returns will be higher as the cost of capital will be lower ,” adds Ortiz .
“ The beauty of green finance is that it transcends sector and geography . The options are so vast in theme , geography and risk return that it caters to both impact and mainstream investors . With a US $ 30 + trillion market for green finance , the possibilities are endless .”
94 November 2023