Globesight

يشكل #القطاع_غير_الربحي في المملكة جزءًا أصيلًا من القيم الدينية والثقافية، نسعى من خلال هذه الورقة البيضاء إلى تقديم رؤى عملية تسهم في تعزيز الجهود المبذولة لتحقيق الهدف المنشود: بناء قطاع غير ربحي أكثر ابتكارًا ومرونة وتأثيرًا، قادر على المساهمة في نمو المملكة وازدهارها. Globesight

The non-profit sector in the Kingdom of Saudi Arabia has deep roots in the religious beliefs and cultural customs of the region. In partnership with Itmam Consultancy, we aim to provide practical insights that contribute to enhancing the ongoing efforts to achieve the desired goal: building a more innovative, flexible, and impactful non-profit sector, capable of contributing to the growth and prosperity of the Kingdom. 🤝 💡 🇸🇦 Read the full report - https://bit.ly/4aJqkY6 #nonprofit #ksa #partnership #technology #innovation #impact

As we enter 2025, we are pleased to announce that Mahrukh Shahid has assumed the role of Managing Partner, taking on both the leadership and lead equity position at Globesight. Over the past half decade, Mahrukh has been a critical driver of the work with partners in the Middle East, South Asia and Africa to drive impact on the issues that matter. Under her direction, Globesight will expand its solutions-oriented vision for transformative change in the Global South. 

As another year comes to a close, we reflect on the past decade and beyond of impact at Globesight. Thank you to all team members, partners, and supporters for shaping this journey.

We are developing an incubation studio for next stage ideas to drive exponential impact in the Global South. Focused on technology as a driver of impact, we look to develop both platforms and products that can achieve scale. Currently in build mode but you can learn more about our initiatives on the initial site: https://lnkd.in/efFKqmDC

The new climate finance goal, known as the New Collective Quantified Goal (NCQG), is set to replace the existing US$100 billion annual commitment that developed countries agreed to at COP15 in 2009. Within these #NCQG deliberations, the issue of loss and damage is an essential component under the thematic scope. Developing countries have emphasized the importance of adding loss and damage as a quantifiable goal within the NCQG to ensure that loss and damage receive separate and equitable attention alongside mitigation and adaptation efforts. At the 2024 Bonn Climate Conference #SB60, these countries pushed for explicit commitments to finance loss and damage as part of the NCQG. However, the conference outcomes revealed a significant need for further progress before #COP29, with substantial misalignment persisting between developing and developed countries on this critical issue. Read our latest article on the interplay between the New Collective Quantified Goal and the Loss and Damage Fund and more in the latest issue of the Climate Futures Tracker:

🌍 That concludes London Climate Action Week. It's been an informative week full of valuable discussions. The final event we attended was "Innovative Climate Finance: Reforming Global Financial Architecture for a Sustainable Future," hosted by Aurélien Pillet from Globesight, featuring speakers Dr. Malle Fofana, Lucia F., Satheesh Sundararajan, Saliem Fakir, and Guly Sabahi. Our key takeaways from the event were: 💧As the effects of climate change worsen, the global financial structure faces significant and increasing challenges. These challenges include high borrowing costs, substantial debt levels, inequitable fund distribution, and heavy administrative burdens. 💧Climate finance is primarily sourced from public funds, which face competition from other sectors. There needs to be reforms in the global financial structure to mobilise private funding as there is a significant gap between public and private finance. 💧International climate funds play a crucial role in mitigating, adapting, and performance-based finance. They are positioned as de-riskers and finance aggregators but unfortunately lack sufficient capacity. Integration across the financing supply chain and engaging all actors is vital. A big thank you to all the speakers throughout the week for their valuable insights and perspectives on a variety of climate-related issues, reminding us of our responsibility to protect the environment and the opportunities we have to find innovative sustainable solutions to the challenges ahead. #londonclimateactionweek #climatechange #climatefinance

🌟 Reflecting on the insightful discussion during our virtual roundtable that took place yesterday for London Climate Action Week. The virtual discussion 'Innovative Climate Finance: Reforming Global Financial Architecture for a Sustainable Future' explored innovative climate financing mechanisms and reforms necessary to mobilize resources effectively for climate mitigation and adaptation, particularly in the most vulnerable regions, and was made impactful by the invaluable insights shared by our esteemed speakers and the active participation of all attendees. 🙌 A big thank you to our speakers, Dr. Malle Fofana, Saliem Fakir, Satheesh Sundararajan, Lucia F., and Guly Sabahi, for sharing your expertise and driving meaningful discussions on how to bridge the existing financing gaps and enhance the efficiency and impact of climate funds in the global financial architecture. The African Climate Foundation, The World Bank, NDC Partnership, WAPPP | World Association of PPP Units & Professionals, GGGI Africa, Climate Strategies 🌍 Let's continue the momentum from these discussions at COP29 Azerbaijan and beyond. Stay tuned for more insights and actions from Globesight's Road to COP29 Series. #ClimateAction #COP29 #ClimateFinance #SustainableFuture