The impact investor has lead a €2.75m investment in OneThird, a company which has developed AI-powered infrared scanning technology aimed at reducing food waste.
The initiative aims to change the financial sector’s perception of water: not as an isolated sector but as an entry-point for multi-sector, local and regional impact investment opportunities.
We meet with Catherine Webster, the newly appointed CEO of Places for People’s subsidiary PFP Capital, and discuss their approach to driving social housing forward.
The Article 9 fund will invest primarily in Africa and Asia. US International Development Finance Corporation, Swedfund, Swedish International Development Cooperation Agency and other partners will provide capital and guarantees.
The fund, which has backing from the UK government, will support local capital providers investing in SMEs whose activities help meet UN sustainable development goals.
The fund focuses on businesses committed to accelerating the transition to a sustainable, inclusive society. It requires portfolio companies to report on their impact, with the assistance of Amsterdam-based Impact Institute.
The database features a record number of 163 impact fund managers this year, highlighting a growing and maturing sector. Clean tech, alternative energy and climate change are top impact themes.
The capital will go to social enterprises providing support to those struggling with the cost of living crisis and back energy saving solutions. Local communities will have larger say over spending priorities via new community wealth funds.
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