About Mubadala

Our Strategy

Agile and for the long term

As a global and responsible investor, Mubadala’s objective is to generate long-term financial returns within an acceptable risk appetite.

During our navigation of the Covid-19 pandemic in 2021, we conducted a comprehensive review of our strategy, ensuring Mubadala remains well positioned to pursue its long-term growth aspirations.

The results of this review reinforced our convictions around the following long-term trends:

Demographic and social change – Global population undergoing structural changes in age, societal norms, preferences and priorities.

Emerging wealth and shifting economic power – Middle class is expected to expand at the fastest pace in the next decade, led by growth in Asia.

New and smart infrastructure – Population growth and migration leads to rapid urban growth and the emergence of new cities.

Innovation and technological adoption – Accelerated adoption of technology, increased internet connectivity and expanded data collection.

Centrality of ESG and climate change - Environment, social and governance factors cemented as central in a world seeking more ethical capitalism and less strain on the planet’s climate and finite resources.

Our investment strategy aims to scale our portfolio, strengthen its resilience to disruptions, and generate attractive long-term value to our shareholder. Components of the strategy are:

Entering and growing exposures in sectors and geographies fueled by favorable tailwinds and high-conviction long-term trends.

Growing exposure to stable and yielding asset classes improving the predictability of returns and hedging across business cycles.

Gradually reducing exposures to asset classes and sectors facing headwinds or are not compatible with our Responsible Investing outlook, while delivering on value realization and enabling capital reinvestment into other priority growth areas.

Mubadala maintains a balanced portfolio engineering approach that strives to avoid over-concentration to a single factor, as well as a prudent through-the-cycle capital deployment underpinned by fundamental-based deal underwriting.

Responsible Investing has always been a part of Mubadala’s core mandate. Since our inception, we have strived to integrate Environmental, Social and Governance (ESG) principles and considerations into our investment decision-making and corporate operations.

In 2021, we strengthened the institutionalization of this effort by establishing a Responsible Investing Unit to act as a steward of ESG across our organization. We published our Responsible Investing Policy (RI Policy) to govern our ESG approach and to guide its integration across our investment lifecycle.

Leveraging the newly established company-wide RI Policy, the Responsible Investing Unit focused its efforts on building organizational ESG fluency and alignment. With a focus on continual improvement of our internal processes, tools and guidelines were developed to further integrate ESG into the investment lifecycle.

We also launched our Responsible Investing Network, through which we actively partner with our assets to promote ESG standards and stewardship in a focused effort to drive consistent incremental ESG performance improvement over time. By sharing knowledge and experience across the Mubadala Group, the Responsible Investing Network will support the delivery of decarbonization strategies and other ESG commitments across various companies in our portfolio.

During 2021, our drive on Responsible Investing has met with significant success. We made a number of investments to promote our Responsible Investing agenda. Alongside our partnerships on Masdar to create a global clean energy powerhouse, we also invested with BlackRock in Navigator CO2 Ventures. Navigator CO2 Ventures is developing an industrial-scale carbon capture and sequestration platform in the US with the capability to remove up to 15 million tons of carbon dioxide a year.

We are clear that large-scale change on pressing global issues will only occur through strong partnerships. We are an active member of One Planet of Sovereign Wealth Funds (OPSWF), which enables us to collaborate with many of the world’s largest and most prominent sovereign investors, asset managers and private equity firms to collectively tackle the climate challenge facing the world today. As an active member, we continue to support the implementation of the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), and drive OPSWF’s agenda on climate change forward. We are also an active member of the International Forum of Sovereign Wealth Funds (IFSWF), driving governance and adherence to the Santiago Principles.

Culture & Values

Our culture and adaptability have helped us to successfully navigate another challenging year.

Homaid Al Shimmari

Deputy Group CEO, Chief Corporate & Human Capital Officer

"Our Mubadala values – Accountability, Integrity, Inspiration and Partnership – have constantly guided what we do, and how we do it. They are at the core of everything we do."

Guided by our Values

2021 marks the third consecutive year of continued growth and success for Mubadala, despite the pandemic, and a key component of this upward trajectory remains our people - our most valuable asset. Throughout the pandemic, we have fostered a culture of resilience and agility; this, coupled with our values of Accountability, Integrity, Inspiration and Partnership has anchored our success while also acting as our North Star to accelerate our progression in a post-pandemic world.

Our culture and adaptability have helped us successfully navigate another challenging year. As the global vaccine rollout led to markets and economies strengthening, we returned to the office retaining practices and lessons learned from remote working. Mubadala now operates on a hybrid working model. We worked closely with the UAE government and the international community to prioritize our peoples’ safety as the world begins to emerge from the pandemic.

The hybrid approach to working is being adopted as a global standard and setting a new benchmark for best practice. It has become clear that flexibility is no longer a luxury but an essential success factor for business. We must continue to provide employees with the flexibility to work remotely, and join their colleagues at the office when required, to ensure collaboration and promote a healthy work-life balance. We are constantly adapting to the changing environment and searching for the right formulas for Mubadala and will provide the best solutions for the mental health and wellbeing of our people.

2021 also saw the opening of our international offices bringing Mubadala closer to the markets and prospective partners that will help ensure the continued growth and success of our businesses. We have also focused on creating a collaborative and inclusive culture across our wider network, ensuring that our Mubadala values and evolved behaviours are consistent no matter where in the world they are experienced.

As we continue making a global impact through our investments and international partnerships, we are proud to work with talented and hard-working colleagues across the Mubadala Group, retaining key elements of our heritage and forge forward to realize our ambition of doubling our portfolio in the coming years.