Key Impact Points: CuspAI, a climate tech startup, has raised $30 million in seed funding. The company, founded by veterans from Microsoft, Qualcomm, and Google, aims to revolutionize material design through AI. Team and Funding CuspAI was co-founded by Max Welling, a former Microsoft and Qualcomm executive, and Chad Edwards,
Report Overview The United Nations Sustainable Development Goals (SDGs) offer a universal framework for addressing urgent global challenges. Private equity (PE) investors are uniquely positioned to drive positive change and economic growth, particularly in emerging markets where the need for development is acute. This report, produced by the SDG Working
Key Impact Points: “I am working every day to become a leader of climate action and elicit positive impact and change.” This mission statement from Asia Salazar encapsulates her dedication and drive as a RAY Clean Energy fellow at RMI’s Center for Climate-Aligned Finance. At RMI, Asia supports the Greenhouse
Key Impact Points: The three European Supervisory Authorities (EBA, EIOPA, and ESMA – ESAs) have published a joint Opinion on assessing the Sustainable Finance Disclosure Regulation (SFDR). The ESAs advocate for a coherent sustainable finance framework that supports both the green transition and enhanced consumer protection, learning from the current
Key Impact Points: The BTG Pactual Timberland Investment Group (TIG) has struck a groundbreaking deal with Microsoft, promising up to 8 million nature-based carbon removal credits through 2043. This landmark transaction, the largest of its kind, underscores the significant potential for environmental restoration in Latin America. Restoration and Reforestation Strategy
Key Impact Points: Deloitte’s Report on Green Energy Transition outlines the urgent need for strategic financing to achieve net-zero greenhouse gas emissions by 2050. The transition requires substantial investment, with projections indicating a need for $5 trillion to $7 trillion annually, yet current investments fall short, at less than $2
Key takeaways: Addressing Environmental Challenges Holistically The launch of the UNEP FI Risk Centre marks a significant step towards comprehensive environmental risk management for financial institutions. This initiative goes beyond just climate change, aiming to simplify the complexities of biodiversity loss and pollution as well. “The recent launch underscores the
Key Impact Points: Expanding Economic Opportunities Soles4Souls, a nonprofit that provides economic relief and protects the planet through the distribution of shoes and clothing, received a $150,000 grant from Bank of America to expand its 4Opportunity program to the Dominican Republic. This expansion will create jobs by enabling individuals in
Title: BBVA Issues $50 Million Biodiversity Bond to Support Environmental Conservation Key Impact Points: $50 Million Bond for Biodiversity BBVA, in partnership with IFC, a member of the World Bank Group, has announced the world’s first biodiversity bond, amounting to $50 million. This significant investment will finance projects focusing on
Agreements with China Development Bank and Asian Infrastructure Investment Bank aim at financing infrastructure and industry in Brazil Key Impact Points: Strategic Partnership The Brazilian Development Bank (BNDES) has joined forces with Asian banks to secure BRL 9.1 billion (USD 1.7 Billion) for sustainable investments. This collaboration underscores a growing
