Countries that are not committed to combating climate change are acting in violation of international law. That’s according to a ruling by the judges of the International Court of Justice in The Hague last week.
Malaysia’s largest sector pension fund KWAP is providing an initial investment of around €100m to the fund, which is seeking to raise capital from other institutional investors.
The Dutch venture capital fund, which focuses on climate change, biodiversity loss and natural resource depletion, is backed by a range of institutional and European investors.
A new report by Pensions for Purpose and Impact Frontiers has found many UK pension funds are underusing impact reports. A new Community Interest Group (CIG) aimed at improving impact literacy is set to launch in August.
The $10m investment is the fourth loan to date to Platcorp Holdings Limited, an impact investment management company focused on lending to MSMEs in Kenya, Uganda, Tanzania and Zambia.
The money will be made available for small and medium-sized businesses and mid-caps, with a particular focus on financing climate-relevant and agricultural projects across the European Union.
Proceeds from the latest bond in the series will provide financial support for high-impact enterprises owned and operated by women, as well as disadvantaged communities in India, Indonesia, the Philippines and Sri Lanka.
The investment is part of a €100m EBRD-led financing package for MHP SE, aimed at safeguarding jobs and building resilience in the Ukrainian food and agricultural sectors during the ongoing war.
FemoGas will use the funds to refinance and build liquid agricultural biomethane plants aimed at helping decarbonise Europe’s road and maritime transport sectors.
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