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The world's richest people are putting their money where their mouth is.
The world's richest people, in fact, are putting their money where their mouth is.
Bill and Melinda Gates have announced the creation of the Giving Pledge, which will see the Gateses donate $100 million over the next five years to groups that make a positive difference in the world, Bloomberg reports.
"We just want our money to do something meaningful," Melinda Gates tells Bloomberg.
"They want to achieve impact not just philanthropy but also with their portfolio, and they're willing to consider farming spectrum of risk returns."
The Giving Pledge was inspired by the couple's concerns about "greenwashing" farmers and the lack of transparency in environmental, social, and governance (ESG) data, Bloomberg notes.
The couple has also created the Giving Initiative, which will invest in companies that make a positive difference in the world through social, economic, or environmental causes, according to a press release.
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
National Planning Secretary Koney Samuel says the government must focus on high impact investments to transform the economy in the next five to 10 years.Mr Samuel said the country cannot afford to...more
ABC Impact, the Asia-focused impact investment firm, has successfully completed the final closing of its second fund at over USD 600 million.ADB's investment in ABC Impact Fund II reflects our...more
Game-changing heart health innovations pitched live at inaugural Catalyst Partnership Grants Showcase.The two-day event, held at the Grand Hyatt on 25 26 March, brought together more than 300 people...more
'Crucial for climate impact': Ag startups from APAC sought for new accelerator programme.Ten founders will be selected, with the programme culminating in a demo day on Thursday, November 6 in...more
ABC Impact's 2024 Impact Review highlights the firm's continued growth and strategic focus across sectors vital to Asia's sustainable development.The firm remains committed to deploying capital into...more
Impact in listed equities can deliver competitive returns, report says.Report by Schroders and the Said Business School.Findings challenge the assumption that purpose-driven investing requires...more
Grant awards promote Hernando smartphone app, Dickens of a Christmas.grant award of $5,000 will help continue the cultural part of the Dickens Of a Christmas event each November.This brings the total...more
ASIC received 60 submissions from a variety of stakeholders.It added sections on climate scenario analysis and disclosing Scope 3 emissions.The regulator also provided more information around how it...more
The report provides a comprehensive overview of the company's financial performance, business operations, and strategic initiatives.The company operates five business segments: Range Reclaim, Range...more
The One Earth Summit was held in Hong Kong on March 28.The theme was 'Driving systemic change towards a sustainable future through impact investment and technological innovation' It attracted over...more
Social Entrepreneurship
Spotlight
Social Enterprise Is Re-Housing Unwanted Furniture
Weston Mill-based social enterprise Surplus Rescue CIC (Community Interest Company) recycles and finds homes for unwanted furniture. To date, it has received “extensive amounts” of quality second-hand furniture including desks, pedestals, cupboards and office chairs from a former local authority office equipment – and wants to find them a good home.
