South Australia launches social impact bond to reduce homelessness

South Australia has launched a social impact bond to reduce homelessness. It has taken 17 months, but Australian investors now have the chance to fund a $9 million social impact bond targeting chronic homelessness. The 7.75-year bonds will finance “housing first” pay-for-success interventions in Adelaide, Sydney and Melbourne that will house 600 people. The premise: the

Tata Trusts backs Pollinate Energy to tackle energy poverty

Tata Trusts has backed Pollinate Energy to tackle energy poverty. The funding from the philanthropic arm of Tata Group will allow Pollinate to expand its operations throughout slums in Lucknow, the capital of Uttar Pradesh, one of India’s largest and poorest states. Pollinate, an Australian social enterprise, supports the distribution of off-grid solar products, cookstoves and water

Asian Development Bank invested $3.7 billion in 2016 to meet climate goals

Climate Finance The ADB’s investment in climate finance represented a 42 percent jump from 2015. A number of its projects focus on under-developed, high climate-risk areas like the Cook Islands. The bank has pledged to invest $6 billion by 2020. Two-thirds of the funding targets climate mitigation, one-third on adaptation. The bank tapped $701 million in outside

Prudential’s Mark Grier to chair the Global Impact Investing Network

You want mainstream? Mark Grier, Vice Chairman at trillion-dollar financial services firm Prudential Financial, is the incoming chairman of the GIIN. Prudential itself has made a commitment to build a $1 billion impact investing portfolio by 2020. At Prudential, Grier oversees investment, finance, risk management, corporate actuarial and investor relations functions. Grier will work with the

Is the Netherlands the new UK in European impact investing?

Britain has been the undeniable leader of the movement on the continent, providing a regulatory model, institutions such as Big Society Capital, and innovative approaches like tax relief funds and social impact bonds. Post-Brexit, the Netherlands is a good contender to lead the movement. The Dutch development bank, FMO, is eager to lead, both through its

Demand for organic products boom, but supply lags

Last year’s 11 percent increase in organic farmland in the U.S. sounds like a big win for sustainable agriculture. Except it isn’t. Of the 915 million acres of farmland across the U.S., 4.1 million acres are devoted to pesticide-free, sustainable growing, less than 0.5 percent of American farmland. Organic food sales grew to $43.3 billion in

The economic contributions of international migrants

Young, connected, entrepreneurial and skilled: migrants from Africa, China, India and the Philippines are making a positive impact on the countries they’ve settled in. Research from Western Union and the Economist Intelligence Unit found that Nigerians Americans, for example, are overrepresented in sectors such as law, business and investment banking. China’s millennial migrants are helping countries