The UK-based investor said money committed so far was being invested in 19 startups, including six in Germany, where it has established a hub in Berlin.
The fund will invest in the “missing middle” between venture and buyout in climate-related sectors including energy transition, buildings and mobility, climate intelligence, production and consumption, and food and agriculture.
Organisations seeking to boost impact investment in emerging markets and tackle nature loss took advantage of the global stage provided by the annual World Economic Forum to talk about key initiatives.
FINN, which operates a car subscription business in the US and Germany, will use the €100m funding round to more than double the share of low-emission vehicles to over 80% of its fleet.
The green and sustainability-linked loan from IFC will finance renewable energy projects in emerging markets, including those heavily reliant on coal, in support of a just transition to a low carbon economy.
The investment by a trio of European funds will enable FA Bio to expand its business, which develops microbial bioproducts to replace more harmful chemical agricultural inputs.
Impact Europe and GSG were among signatories to an open letter calling on the EU to put impact investing centre stage when reappraising its green investment regulatory framework.
The COP28 climate summit in Dubai ended on a more positive note than had looked likely at one stage, but can all the upbeat talk and ambitious pledges lead to the huge surge in investment needed if climate change targets are to be met?
Fixed income markets may be bigger than equity markets, but they don’t feature as prominently in sustainable investment discussions. Anthropocene Fixed Income Institute hopes to change all that.
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