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Key Impact Points: The Asian Infrastructure Investment Bank (AIIB) has announced a significant commitment of $100 million toward climate transition investments in emerging Asia. This includes $75 million allocated to…
The post AIIB Commits $100 Million to Climate Transition Investments in Emerging Asia appeared first on ESG News.
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AIIB Commits $100 Million to Climate Transition Investments in Emerging Asia – ESG News
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AIIB Commits $100 Million to Climate Transition Investments in Emerging Asia
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AIIB Commits $100 Million to Climate Transition Investments in Emerging Asia
by ESG News
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October 4, 2024
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Key Impact Points:
AIIB pledges $100 million for climate transition investments, with $75 million to the Actis Asia Climate Transition Fund.
This is AIIB’s inaugural climate transition fund focused on sustainable development in emerging Asia.
The partnership aims to enhance gender equality and drive low-carbon solutions in the energy sector.
The Asian Infrastructure Investment Bank (AIIB) has announced a significant commitment of $100 million toward climate transition investments in emerging Asia. This includes $75 million allocated to the Actis Asia Climate Transition Fund, managed by Actis GP LLP, along with up to $25 million for co-investment alongside the Fund.
“This partnership aligns with our climate strategy and sets a precedent for future investments aimed at achieving net-zero emissions while promoting gender equality in the energy sector,” stated Rajat Misra, AIIB Acting Vice President, Investment Clients, Region 1 & Financial Institutions and Funds, Global.
The Actis Asia Climate Transition Fund focuses on renewable energy infrastructure, energy solutions, and sustainable transportation, catering specifically to the needs of emerging Asia.
Related Article: AIIB and ENGIE Drive India’s Solar Future with $88M Investment
Project Highlights:
Strong Sustainability Credentials: The Fund adheres to an SFDR Article 9 investment strategy, targeting net-zero and decarbonization assets. AIIB will leverage Actis’ proprietary sustainability toolkit, enhancing governance and metrics that endure beyond exit.
Demonstration Effect on Gender Focus: This marks AIIB’s first equity position in an energy transition fund committed to addressing gender gaps in the energy sector, paving the way for future investments that incorporate gender considerations.
Strategic Partnership Driving Impact: As Actis’ first climate-transition strategy, this collaboration underscores AIIB’s proactive approach to forming strategic partnerships, reinforcing its commitment to financing sustainable infrastructure and fostering low-carbon solutions in Asia.
AIIB’s investment not only supports climate solutions but also emphasizes the importance of gender equality in the energy transition, setting a benchmark for future initiatives in the region.
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Topics
Asian Infrastructure Investment Bank (AIIB)
Climate Transition
ESG
ESG News
Rajat Misra
Social Impact
Sustainable Development
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