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.
Impact Investor spoke to impact fund managers investing in the blue economy to understand the impact of the UN’s high seas treaty on the most underfunded of the SDGs – SDG 14, life below water.
Founded by a former prisoner, UK-based social enterprise New Leaf provides intensive resettlement support to serving and ex-prisoners, helping them to find employment.
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.
European foundations are making progress on their impact measurement and management journey but “blind spots” must be addressed in order to “future-proof philanthropy”, according to report by Esade Center for Social Impact and BBK.
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.
Bernhard Kowatsch, head of the UN World Food Programme Innovation Accelerator explains how they source, support and scale high-impact innovations to achieve SDG 2 – Zero Hunger.
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