IFC Investment Pushes responsAbility Asia Climate Tech Strategy Past $400 Million
M&G’s impact investing unit responsAbility Investments announced today that it has raised over $414 million in commitments for its Asia Climate Strategy, aimed at actively contributing to CO2 reduction in Asia through targeted investments in low-emission technologies.
The latest closing for the fund included a $50 million investment from World Bank Group member the International Finance Corporation (IFC).
Launched in November 2023, the strategy was established with a target to reach $500 million, and a goal to achieve 16 million tons of CO2 emissions reductions over lifetime of its assets. Key areas of investment for the fund include sectors such as renewable energy, battery storage and…
