Investment from IFC Pushes the ResponsAbility Asia Climate Technology Strategy Beyond $400 Million

The International Finance Corporation (IFC), a World Bank Group member, has made a significant investment in the Asia Climate Strategy, a fund aimed at reducing CO2 emissions in Asia and accelerating sustainable growth in the region.

With this latest investment of $50 million, the Asia Climate Strategy is well-positioned to not only reach its $500 million target but also to continue scaling the Strategy. The fund, launched in November 2023, has already raised over $414 million, positioning it as a key player in the fight against climate change in Asia.

The Asia Climate Strategy is focused on actively contributing to climate change mitigation efforts in Asia. It anticipates a significant increase in energy demand by 2050 in Asia and aims to address this demand through targeted investments in low-emission technologies. Key areas of investment include renewable energy, battery storage, e-mobility, energy efficiency, and the circular economy.

The IFC's investment aligns with its objective of decarbonizing the energy and transportation sectors in the Asia region. By mobilizing private capital at scale, the Asia Climate Strategy is poised to make a substantial impact in reducing CO2 emissions and delivering a substantial CO2 reduction impact in the Asia region.

The strategy has a goal to achieve 16 million tons of CO2 emissions reductions over the lifetime of its assets. This ambitious target underscores the urgency of addressing climate change in Asia, which accounts for more than 50% of global CO2 emissions.

IFC's investment supports responsAbility, the impact investing unit M&G, in taking the Asia Climate Strategy to the next level and expanding it across the region. Stephanie Bilo, the Chief Client & Investment Solutions Officer at responsAbility, expressed her gratitude for IFC's support, stating that it will help them accelerate their efforts to combat climate change in Asia.

The Asia Climate Strategy is not alone in its mission. IFC, the largest global development institution focused on the private sector in emerging markets, has been a long-time partner of responsAbility. The strategy was co-founded with Credit Suisse as a key partner, although the founders of responsAbility Investments are not explicitly mentioned in the provided articles.

The strategy expects additional private capital commitments in 2025, further solidifying its position as a leader in the fight against climate change in Asia. With private investments in Asia offering attractive diversification benefits for institutional investors in a volatile market environment, the Asia Climate Strategy is poised to make a significant impact in the years to come. The strategy is on track to reach its $500 million target by the end of 2024, marking a significant milestone in the fight against climate change in Asia.

Investment from IFC Pushes the ResponsAbility Asia Climate Technology Strategy Beyond $400 Million