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OPIC Commits $20 Million Loan for WaterEquity’s Social Impact Investment Fund
Press release: WaterEquity, an innovation of Water.org, today announced it has received a commitment for a $20 million loan from the Overseas Private Investment Corporation. OPIC, a self-sustaining U.S. government agency that helps American businesses invest in emerging markets, is supporting WaterEquity’s WaterCredit Investment Fund 3 (WCIF3), a $50 million social impact investment Fund that will invest in enterprises serving water and sanitation needs among the world’s poor.
- Categories
- Environment, Impact Assessment
- Region
- South Asia
- Tags
- impact investing
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MetLife Named to the 2017 Dow Jones Sustainability Index
MetLife was eligible for the DJSI North America, which recognizes a group of the top 20 percent of sustainability performers across the 600 largest U.S. and Canadian companies. MetLife was one of only seven insurers in North America to make the list.
- Categories
- Environment, Investing
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Can Satellites Solve the Farmer Suicide Crisis in India?
Researchers from the University of California, Berkley, have found a strong correlation between rising temperatures and the rate of suicides, with an increase of 1 Celsius associated with an average of about 70 additional suicides per day. Droughts have ravaged the country’s crop yields, sharply reducing farmers’ income across the sector and disrupting the predictability of revenue.
- Categories
- Agriculture, Environment, Technology
- Region
- South Asia
- Tags
- agtech, climate change
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Philippines, World Bank launch $206M disaster risk insurance program
In a statement, the World Bank said the new catastrophe risk insurance program launched by the Philippine government will cover national government assets affected by earthquakes and typhoons as well as losses from major typhoons of 25 provinces.
- Categories
- Environment
- Region
- Asia Pacific
- Tags
- climate change, insurance
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“Recovery lending” helps disaster-stricken African farmers get back on track
Accessing credit has long been a major hurdle for small-scale farmers in Africa, who produce some 70 percent of the continent’s food. Not only does this mean yields fall far below their full potential, but the ability of farmers to manage the increasingly frequent and severe weather shocks brought about by climate change is also greatly reduced.
- Categories
- Agriculture, Environment
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Want to fight climate change? Don’t invest in Tesla
“In our view, impact investing needs to begin with companies whose products and services have a notable positive environmental or social impact,” wrote Jessica Alsford, an equity strategist at the investment bank.
- Categories
- Environment, Investing
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Solar & Renewable Energy Pioneer Kingo Announces $8.0 Million Series B Financing Round
Kingo, through its innovative prepaid solar energy service, turns lives ON for off-grid households at the bottom of the economic pyramid (BoP).
- Categories
- Energy, Environment, Investing
- Region
- Latin America
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How this Social Entrepreneur is Pioneering a Green Revolution
Founder of Geetanjali Envirotech, Raaginii Jaain was disturbed by the amount of waste generated in India and its poor management.
- Categories
- Environment
- Region
- South Asia
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