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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.
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"There are few people as informed about the latest state of AI developments and its level of adoption in financial services, who have also sat shoes in the shoes of investment managers and asset...more
One of the world's most popular electric-vehicle ride-hailing services is getting a big boost from one of India's most famous sons. Mahendra Singh Singh Jaggi, former captain of the Indian...more
Sweden's Trill Impact has made its first venture fund a success with the final close of its $90 million fund. The fund, the first of its kind in Europe, was backed by institutional investors...more
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Chief executive of HCT, Dai Powell, shares the experiences and practical lessons he learned along the way when teaming up with Ealing Community Transport to deliver site transport during the Olympic Park construction.
