The Coca-Cola Foundation, the global philanthropic arm of The Coca-Cola Co., and Conservation International Ventures announced the launch of a new, innovative climate resilience project in Southeast Asia to protect and restore mangrove areas.
Through a US$1.5-million grant, the project will create a dedicated investment pool in Conservation International’s Venture philanthropy fund, financing up to three to four small- and medium-sized enterprises. While this is just the first step, we envision that this project will help improve the lives of thousands of people living in vulnerable shoreline communities by restoring and protecting mangrove coastlines across Indonesia and the Philippines,” he added.
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