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Press release: OPIC Supports Two Projects to Expand Access to Safe Drinking Water
“Thanks to OPIC’s landmark investment in WaterEquity’s $50 million flagship fund, 4.6 people across India, Indonesia, Cambodia, and the Philippines will secure access to safe water or sanitation,” said Alix Lebec, Executive Vice President of Investor Relations, WaterEquity.
- Source
- Press release
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Matt Damon’s Water Charity Takes Impact Investing Plunge
Water.org, the nonprofit resulting from the 2009 merger of Matt Damon’s H2O Africa and Gary White’s WaterPartners, has completed an $11 million impact investing pilot project and has already closed on $33 million in a new fund that they hope will reach $50 million.
- Categories
- Environment, Investing
- Tags
- impact investing, water
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The Trouble with ‘Free’: Why Treating the Poor as Customers Works Better than Charity
Lack of access to safe water is a leading cause of illness in developing countries. Yet for years, Guatemalan entrepreneur Philip Wilson's family foundation worked to distribute free water filters across the countryside, only to see recipients repurpose them as flower pots and garbage cans. After going into the field to meet real families that were living with unsafe water, he came up with a better approach: a business model that treats the rural poor as consumers of products rather than objects of charity. He explores the reasons this model is working, and the challenges it has faced.
- Categories
- Entrepreneurship, WASH
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Water access and sanitation shape birth outcomes and earning potential
"What we think is most likely is that carrying heavy loads of water requires a lot of calories, and that many women aren't consuming enough healthy food during pregnancy to sustain the micronutrient needs to grow a healthy baby," said study co-author Kelly Baker, an assistant professor of occupational and environmental health.
- Categories
- WASH
- Region
- South Asia
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Deep Dive: Two of America’s Wealthiest Philanthropists Are Teaming Up to Protect the Oceans
They’re calling it the Bloomberg-OceanX initiative, and it will coordinate activities, to some extent, between Bloomberg Philanthropies’ Vibrant Oceans Initiative, and Ray and his son Mark Dalio’s OceanX, an exploration and media outfit.
- Categories
- Environment, Investing
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A device that can pull drinking water from the air just won the latest XPrize
The winner of the Water Abundance XPrize creates enough water for 100 people every day by making an artificial cloud inside a shipping container.
- Categories
- Technology, WASH
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Press release: WaterEquity announces the first closing of its US $50 million impact investment fund
WaterEquity, the first-ever impact investment manager with an exclusive focus on ending the global water crisis, announces the first close of its US $50 million flagship fund—WaterCredit Investment Fund 3 (WCIF3)—at US $33 million. Investors include Bank of America, the Overseas Private Investment Corporation (OPIC), Ceniarth LLC, Niagara Bottling, as well as the Conrad N. Hilton, Skoll, and Osprey Foundations. A second-close is projected before year-end.
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Press release: WaterAid and partners make the business case for investing in water, sanitation and hygiene
WaterAid’s new resource responds to the growing need for the evidence that improving water, sanitation and hygiene facilities should be more than a philanthropic measure or means to tick a corporate social responsibility box; it should be a core business priority.
- Source
- Press release
- Categories
- WASH
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