The new fund is focused on emerging markets and made its first two investments into social enterprise One Acre Fund and into a blue bond issued by the International Bank of Ecuador.
Impact Expansion has raised €150m for Impact Expansion Fund I and announced the fund’s first investment in Belgium into sustainable energy solutions provider BeliVert.
The funding will support the growth of Swiss-based carbon removal developer Neustark which has developed a technology aimed at decarbonising the construction industry.
British International Investment, the UK’s development finance institution, is funding a second green bond arranged by Symbiotics, lending to MSME banks supporting India’s green energy goals.
There is a growing need among investors to combine financial returns with investing for a societal good, the global wealth management brand of French banking giant Crédit Agricole Group said.
The World Economic Forum’s annual report on the energy transition finds many countries are still heading in the right direction, but that progress is slowing.
According to a report by Planet Tracker the focus on recycling has allowed the plastic industry to continue the expansion of production, shifting the blame for global plastic pollution onto consumers.
Downforce Technologies, a global digital measurement, reporting and verification startup in soil organic carbon measurement and prediction, has closed a $4.2m funding round led by Equator VC.
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