Pension funds are placing too much reliance on a group of “self-referential” economic advisers rather than seeking out the lates scientific advice on climate change, putting investors’ money at risk, according to report.
A group of clerics, impact investment specialists, academics, journalists and activists are to advise the church on establishing the fund, which will focus to a large degree on investments in communities affected by historic slavery.
CFM, a venture co-owned by FMO, has taken a 32% stake in Release, a Norwegian-owned developer of modular solar energy and battery storage solutions for mines and utilities in off-grid or poorly connected areas of Africa.
The investment will help Mombak to scale up its operational and technology systems, as it implements a $100m strategy to reforest parts of the Amazon basin, generating carbon removal credits by capturing atmospheric carbon dioxide.
The fund, developed by Aristata Capital, supports commercial litigation with high impact social and environmental outcomes brought by claimants with limited financial resources.
The investment is the latest from the Swiss investor’s second Sustainable Food-Asia fund and supports a company that has established itself as a key player in Indonesia’s aquaculture sector in less than a decade.
The collaborative grouping of standards setters and impact tool providers has published new guidance and tools designed to drive faster adoption of wide-ranging impact management.
The investment team said the fund would invest in up to 35 companies globally, whose activities help improve well-being and inclusion, and support the move towards a sustainable economy.
The fund is intended to help narrow Africa’s infrastructure spending gap, building on Africa50’s existing portfolio of major projects across the continent.
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