Climate Finance The CEO of electric car company Tesla is the latest to catch the president’s ear with the suggestion to put a price on carbon, floating the climate-friendly idea at meeting of business insiders at the White House. As CEO of ExxonMobil, Rex Tillerson, now Trump’s nominee for Secretary of State, also backed the idea,
The $60 billion firm, which spun off from French insurer AXA in 2013, is considering raising a dedicated social impact fund. Ardian would follow other big-name private equity players like TPG and Bain Capital. Under AXA, the firm was an early mover in backing the UN Principles for Responsible Investing and ESG screening, which is
The Aavishkaar-Intellecap Group, which runs major impact investing events in India and Africa, raised $15 million from Triodos Investment Management and $10 million from the Shell Foundation to expand its investment, consulting and research operations. The Mumbai-based company has $400 million in assets under management and is looking to grow to $3.5 billion by 2024.
Women Rising Roughly 200 private equity firms manage $30 billion in assets in Africa, up from next to none 20 years ago. Half of that capital was raised and invested in the past five years. Compared to PE in the US and Europe, however, where large deals and creative financial modeling and engineering dominates, the
“The world now demands we take responsibility for the power we’ve acquired, and that we engage with society at a broader scale,” says John Battelle. A founder of Wired magazine, The Industry Standard and now NewCo. Battelle is gathering more than 400 representatives of business, technology, and government in San Francisco at the NewCo Shift
“My own prediction is that kids born today will never get to drive a car,” says Henrik Christensen, director of the University of California San Diego’s Contextual Robotics Institute. Mass production and adoption of driverless cars are only 10 or 15 years away. Some predict an even faster shift. Tesla already embeds self-driving hardware in
The Chan Zuckerberg Initiative’s status as an LLC, rather than a traditional foundation, enables it do things like acquire Meta, a private company, and make its entire trove of medical research free to scientists and students. The (perhaps eventually) $45 billion initiative of the Facebook founder and his wife is building a big ecosystem of