This week: Musk’s xAI secretly drops benefit corporation status, Japan’s first Orange Bond unlocks US$100m for women and girls, coalition calls for impact recognition in EU regulation, and more.
This week: Bill’s Gates to close in 20 years; Char Love joins House of Hackney to stand up for nature; OpenAI’s public benefit corporation restructure confirmed – and more.
PLUS: JPMorgan Chase commits £1.2m to Fair4All Finance to improve financial inclusion; IIX launches coalition to develop first gender-lens ‘asset class’; UK impact investments estimated at £58bn; and more.
IIX and partners will develop standards for a new type of debt security, which the organisation says could unlock $10bn in gender-lens investing and improve the lives of 100m women by 2030.
PLUS: BlueMark raises $3.75m; electronics repair unicorn BackMarket reaches $5.7bn valuation, and more: our regular impact finance bulletin brings you the latest funds, deals and programmes in the world of investing for good.
PLUS: Africa's first social bonds; first Women's Livelihood Bond matures; $58m fund to help farmers adapt to climate change; Bridges sells majority stake in World of Books, and more – all the deals you need to know about this month.
The Singapore-based capital firm is issuing its third Women’s Livelihood Bond aimed at creating sustainable livelihoods for women in developing countries – and its first to focus on Covid-19 recovery.
PLUS: Covid-19 announcements you may have missed; ADB Ventures tech fund raises first $50m; EU invests €1m in Oneplanetcrowd platform; grants for UK energy innovators; and more from the world of investing for good.
