ImpactAlpha, January 29 – ResponsAbility invested $20 million in Singapore-based CleanEdge to develop wastewater treatment and management facilities for corporate and industrial customers. About 80% of Asia’s wastewater gets discharged into waterways without treatment, threatening natural ecosystems and human health. CleanEdge finances, develops and operates the facilities and gets repaid over time.
CleanEdge is the first Asia-focused climate investment announced under a $500 million initiative that responsAbility launched last November. The fund aims to support technologies and infrastructure that reduce Asia’s carbon footprint by 10 million tons over the investment lifespan.
The blended-finance initiative was anchored by German and Dutch development banks KfW and FMO.