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Fossil-fuel divestment is not just prudent asset-management. It’s the law.

Climate Finance The Ireland Strategic Investment Fund could soon be required to divest from fossil fuels. The Irish Parliament voted 90 to 53 to pass a bill requiring its public investment fund to divest its €8 billion ($8.6 billion) in coal, oil and gas investments over the next five years. The bill is likely to become

Institutional investors are demanding climate-risk disclosure

Climate Finance Big investors are flagging climate change as a threat to financial security. The latest: State Street, one of the largest asset managers in the U.S. with $2.47 trillion under management. State Street is sending a letter to companies it invests in asking them to disclose their preparedness strategies. The Boston-based firm has supported

Digital freelancing sites bring global youth into the gig economy

In Kenya, 40,000 youths have secured work through freelancing sites like Amazon’s MTurk and Kenyan startup KuHustle. The Kenyan government wants to boost that to a million young people by dispatching mentors and providing free wi-fi and online registration. Globally, 75 million youth ages 15 to 24 are without work; 20 million more enter the

Baby boxes nudge new parents toward best childcare practices

Women Rising New mothers in New Jersey will get a box full of diapers, onesies, baby wipes, breast pads, and nipple cream for breast feeding, in exchange for completing childcare training. Baby boxes were popularized in Finland, where infant mortality rates are among the world’s lowest. They are now distributed in parts of the U.K.,

San Francisco gets its own basic income test

Speaking of Finland, San Francisco announced last week plans to pilot its own $5 million program to compare how kids develop in families that receive direct cash transfers with those that receive traditional social services (or none at all). Finland announced a plan to test such “universal basic income” last year. Cash transfers as a poverty

Femtech funding tops $1 billion as women’s health takes center stage

Women Rising Startups targeting women’s healthcare have raised $1.1 billion in venture financing since 2014, CB Insights reports. Prelude, a fertility solutions startup, has raised $200 million and Progyny, backed by Kleiner Perkins, has raised $49 million for its egg-freezing and fertility services. Reproductive therapeutics company ObsEva, based in Geneva, filed for an IPO. The global femtech

ClearlySo raises financing for Thrive in UK and Crehana in Peru

ClearlySo, an impact investment bank, helped Thrive beat its fundraising target of £500,000 ($630,000) to develop software to help individuals manage mental health conditions. ClearlySo said it also helped Crehana, based in Lima, raise a seed round of $750,000 to build out its online platform for designers, photographers and video-producers in Spanish-speaking markets. Photo: GARY