MandG plc’s impact investing unit, responsAbility Investments, has raised more than $200 million for its Asia climate investment strategy, including $100 million from MandG’s Life business. Launched in November 2023, the strategy aims to reduce CO2 emissions in Asia by investing in low-emissions technologies. Initial funding includes contributions from German development bank KfW and Dutch development bank FMO. The Asia climate strategy uses a blended finance structure, combining public and private capital. This approach allows public funders to use a small portion of their resources to attract significant private investment for high-risk climate projects.
The strategy targets areas with significant CO2 savings potential, including renewable energy, battery storage, electric mobility, energy efficiency and the circular economy. responsAbility aims to raise $500 million and achieve direct CO2 savings of 16 million tonnes over the life of this investment.