PLUS: Blue Impact Fund first of its kind in UK; Germany's EIF-backed social innovation fund; Bain Capital raises $800m for second impact investing fund; Los Angeles' Everytable raises $16m in Series B round; and more.
European funding for the social economy faces uncertainty over the coming months – but European Commission representatives reiterate strong support and point to success of existing financial instruments.
An EU law on how large companies report sustainability information is up for review, with a public consultation closing on 11 June. To have a real impact, the legislation needs much clearer requirements, argues law firm Frank Bold.
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.
PLUS: BNP Paribas and European Investment Fund create €10m impact bond fund, SIS Ventures' second fundraise, US foundations back affordable food business Everytable, Dutch firm Tony’s Chocolonely secures new investment, and more.
Bite-sized stories this week from the impact economy around the world: ups and downs in Europe's social enterprise movement, Omidyar's latest spinout, Malaysian businesses get new accrediation, new appointments and a sad departure.