Dealflow | January 31, 2022

Impact pioneer responsAbility acquired by investment manager M&G

Jessica Pothering
ImpactAlpha Editor

Jessica Pothering

ImpactAlpha, January 31 – ResponsAbility has invested $11 billion since 2003 in emerging markets enterprises addressing agriculture, access to energy, healthcare and education, and financial and gender inclusion. The Swiss impact investor is being acquired by U.K.-based M&G, which manages £370 billion ($496 billion) in assets on behalf of five million retail clients and 800 institutional clients.

“There is strong and growing demand for impact and sustainable investment products from our clients,” said M&G’s Jack Daniels.

M&G’s acquisition includes the stake that ResponsAbility sold to Australian pension fund Christian Super in 2019.

Energy emphasis

ResponsAbility’s Rochus Mommartz said the acquisition will help meet “the massive unmet demand in developing countries and the need for climate finance.”

ResponsAbility’s recent deals have backed clean energy access companies, like commercial and industrial developers GreenYellow in Thailand and CME Solar Investments in Vietnam.

In 2020, responsAbility launched a $150 million climate fund, backed by Bank of America, Calvert Impact Capital, the European Investment Bank and Shell Foundation.

Last year, it spun-off responsAbility Renewable Energy Holding, which it launched in 2013 to develop and run renewable energy projects in Africa.