Friday
October 11
2019

BlackRock ‘Breaks New Ground’ With Circular Economy Fund

By Louise Bowman

BlackRock has launched a new thematic fund, the BGF Circular Economy Fund, which aims to drive investment in businesses already benefiting from, or contributing to, the transition to a circular economy.

The fund, launched on October 2, has been established in partnership with the Ellen MacArthur Foundation, which is providing the investment firm with expert insights and guidance on circular economy principles and practices.

The fund was launched with $20 million seed capital from BlackRock.

“If the world is going to consume resources in a more sustainable way, demand will change,” says Evy Hambro, global head of thematic and sector investing at BlackRock. “I saw [Dame] Ellen [MacArthur] speak a year ago and it was a lightbulb moment.

Photo courtesy of Erlend Ekseth.

Source: Euromoney (link opens in a new window)

Categories
Investing
Tags
circular economy, impact investing, philanthropy, sustainable business, Sustainable Development