Recognising this, Sanlam InfraWorks wanted to make a real impact, fast, so it designed the fund with blended finance principles in mind, just as the term was being coined. The results have been groundbreaking, with close to 8,000 jobs created, 228,770 tCOeq/year emissions avoided and more than 1.1-million people having improved access to renewable energy, in 2020 alone.
The Climate Investor Funds are evidence that blended finance works. We urge others to employ it to generate impact at scale. Crucially, the success of the funds demonstrates what can be achieved through powerful partnerships grounded in respect and shared purpose. Climate Fund Managers is a joint venture between Sanlam Infraworks and FMO, the Dutch Development Bank — two long-dated institutions with a shared vision for the future and a passion for climate impact.
We wanted to create funds that work faster than their historical counterparts to quickly close the gap between need and response. Blended finance enables us to do just that. The partnership focuses on key pillars to secure a better future for all. Climate Investor One focuses on renewables, Climate Investor Two on the oceans, waste and water scarcity and Climate Investor Three will be about hydrogen as our future energy source.
As the world shifts towards a just transition and sustainable practices, investment flows will be directed towards renewable energy, mobility solution and biodiversity conservation. We’re heading in the right direction; we just need to accelerate our efforts. The Covid-19 pandemic showed us what’s possible in mobilising a fast response. Every day, we poured over the news to view the infection curve rate.
Sanlam InfraWorks' philosophy is to put action to that narrative because there’s no alternative. The numbers will prove up, society will shift, and business and commerce will shift around it.
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