MCAF Empowers Investors
To be a voice for rational, sustainable migration policy, and advocates for migration as an important climate adaptation tool. MCAF educates and engages with investors on actionable opportunities and risks associated with migration and climate adaptation.
Safe Migration & Prosperity.
We support finance industry leaders to advocate for more effective human rights based approaches to migration as part of their engagement on climate change issues, and to better understand how migration can be a driver of economic welfare, prosperity and innovation across markets.
Financing a Just Climate Adaptation process.
The Working Group is committed to enabling a future in which human mobility helps to deliver a “just” climate adaptation process. This presents opportunities for investors to direct capital towards long-term, sustainable solutions centred on justice and dignity, that draws on human productivity and innovation to power an accelerated energy transition and greater resilience.
No Time To Lose.
Existing migration policies that seek to block safe pathways for human mobility come with a rising human cost. This creates significant risks for investors and other capital providers who may be investing in parts of the migration system that worsen human rights outcomes. As a result of immigration policies that preclude safe, secure and timely migration options, migrants are disproportionately at risk of modern slavery, forced labour, and hazardous working conditions. Companies operating in the border and surveillance industries face reputational and legal risks linked to their association with human rights abuses against refugees and other migrants committed by companies. Investors need to assess their approach to investment and stewardship and develop tools to ensure their work enhances respect for migrant rights across industries and supply chains.
A Rational Response to Human Mobility.
Investors can present the rational, economic case for more responsible migration policy that respects human rights and enables innovation and productivity. Respecting human rights and enabling human mobility are important for socioeconomic development in all parts of the world and for reducing inequality within and between countries. Migrants already play an essential role in maintaining the economic competitiveness of ageing economies and investors can speak up for enabling policy as demographics continue to shift.
Seizing The Economic Opportunity.
The annual economic contribution of migrants to the global economy has the potential to reach $20 trillion by 2050. Labour markets in G20 economies need workers. Migration can help fill the much-needed skills, innovation and labour productivity gap in many ageing rich economies. Welcoming migrants creates opportunities to enhance corporate performance, innovation, and growth. According to the World Bank, annual remittance flows will hit US $887 billion in 2024, providing an important source of capital and supporting economic resilience in a wide range of countries.
Climate-related mobility is a megatrend.
This has significant implications for international security, instability, conflict and geopolitics, but also for the growth trajectory of many industries, from advanced pharmaceuticals to agriculture. People on the move represent the future of human capital in key industries. Most mobility happens within countries, and this will continue to be the case, but climate change will also mean people needing to move regionally and internationally.
