Better Society Capital’s Post

So just when I thought Shell’s attempts to “Shellwash” couldn’t get any worse, they produce an absolute beauty. Yes, the heating is back on and they are greatly concerned about many household facing up to the affordability and predictability of energy a challenge that “feels more pressing every year”. Well congratulations Anne, does this mean Shell are going to accept that they have caused this very concern for their own pensioners? Do you remember us, the former workers that you have done exactly that to be causing a real terms cut in our incomes of up to 10.6% over the last few years? The cuts were inflicted on us directly by Shell, who refused to allow our very healthy fund to make discretionary increases to ensure our income kept pace with inflation. Instead our fund surplus is being used to pursue a policy of low reliance on Shell, ensuring the company’s decade long contribution holiday can continue. So unless Shell can show a strong case why our fund should be spent to their benefit and not the members, we can only assume they have simply zero concern for Shell pensioners. Yet the company is happy to tell everyone that they are concerned about households facing increasing energy costs. So that leaves two possible conclusions: 1 Shell is simply economical with the truth in these posts and for some reason reluctant to state that this is “not applicable to Shell pensioners”. 2 Shell’s posts are hypocritical in the extreme. Which one is it then? Sinead Gorman Andrew Mackenzie Parminder Kohli Bhavin Kotecha Wael Sawan #invisibleman

I'm thrilled that Chemonics International is a proud sponsor of the The Global Impact Investing Network 2024 Impact Forum. This week, we’ll join more than 1,600 leading impact investors from 70 countries to discuss how private capital can be effectively deployed to address today’s most pressing development challenges. If you'll be in Amsterdam as well, please reach out! I'd love to hear from you! On Wednesday October 23, come join us for our Chemonics-hosted GIIN session on "Investing in Just Energy Transitions." Our dynamic panel will discuss how public and private capital can work together to accelerate the adoption of #cleanenergy in #emergingeconomies as they embark toward #NetZero emissions. Our very own Managing Director for Energy Matthew S. Mendis, the U.S. International Development Finance Corporation’s Vanessa Holcomb Mann, Green Climate Fund's Sarah Djari, ImpactA Global's Victoria Miles, and Sling Mobility’s Love Yadav will share their insights on unlocking private capital at scale and fostering strategic collaboration to sustainably navigate the evolving #ClimateChange landscape. Finally, stop by the Blended Finance Innovations and Practices Gallery Exhibition on Thursday, October 24th to see the USAID Climate Finance for Development Accelerator (USAID CFDA)-supported Green Guarantee Company in action. GGC's Chief Underwriter Christopher B. and I will be on hand to talk about this innovative blended finance transaction that will unlock billions in climate finance in emerging markets. With the support of USAID, Prosper Africa and U.S. Department of State, we supported GGC's launch earlier this year! We're proud to invest in GGC alongside the Foreign, Commonwealth and Development Office, the Green Climate Fund, NSIA: Nigeria Sovereign Investment Authority, and Norfund. Learn more about Chemonics’ participation in the Impact Forum: https://ow.ly/XU5V50TFAvn #GIINForum2024 #blendedfinance #PrivateCapital #ImpactInvesting #ClimateInvesting #EnergyTransition #NetZeroEmissions #PrivateSectorEngagement

The Helios Climate, Energy Access, and Resilience (CLEAR) Fund has raised approximately $200 million in its first close for investment in African businesses focused on climate mitigation and adaptation. The fund, managed by Helios Investment Partners, has a target size of $400 million. Investors in the fund include InfraCo Africa, British International Investment, European Investment Bank (EIB), The Emerging Markets Climate Action Fund managed by Allianz Global Investors, FMO - Dutch entrepreneurial development bank and SIFEM - The Swiss Development Finance Institution advised by responsAbility Investments AG. Read the full article here: https://lnkd.in/dDTv8JgY * Stay ahead in Africa's private equity and venture capital sector with Africa Private Equity News’ monthly Dealmaker’s Log – a database of reported investment deals, exits, and fundraising closes. Subscribe here: https://lnkd.in/duy5dWPs Christopher Chijiutomi Ross Ferguson Gilles J. Vaes

TBL Fund is excited to announce that it was recently awarded a $100,000 grant from @Wells Fargo to expand its decarbonization and energy efficiency efforts for Tribal Communities. These funds will contribute to our efforts with the New Mexico Department of Indian Affairs in creating a sustainable energy program aimed at providing access to clean energy, energy efficiency, and resiliency technologies to Tribal Nations in New Mexico. Read more >> https://lnkd.in/g_RUvn3h #sustainability #bankofdoing #triplebottomlineimpact @Lauren Hornett @Gregory Lopez

"#Eni is a company that belongs on our #exclusion list and not in our portfolio" "The fund says it took the call based on frustration with Eni management – if Eni did not want to change its capital allocation, Akademiker Pension would change theirs" .. clear enough? Another strong evidence (one more..) that engagement is dead with fossil fuels. R.I.P. Engagement. https://lnkd.in/dhcUMiQP #fossilfuel #divestment #ENDfossilfinance un-#sustainablefinance ir-#responsibleinvestment un-#ethicalinvesting #esgWashing #esgBlahBlahBlah #netzeroWashing #greenwashing

Place-based impact investing doesn't have to be complicated, and it's not just for institutions, either. Bristol Energy Cooperative is on its tenth share offer, this time for £1 million to add an additional megawatt to its portfolio of solar projects, raising the money from individual investors through the Triodos Bank crowdfunding platform. The Community Interest Company (CIC) has been operating since 2011, and so far has raised £15 million to fund clean energy projects in the Bristol area, while also delivering £400k to separately fund community projects (their website has maps for both). Investor-members get a vote in one of the UK's oldest and largest community energy cooperatives, plus: - get a financial return - contribute to decarbonising UK's energy - increase the UK's energy security - support local communities Community energy is one of the most effective and accessible ways for citizen investors to get involved in impact investing. #communityenergy #impactinvesting #renewableenergy #placemaking Community Energy England Becky Feather Emma Bridge https://lnkd.in/gy4GYzxX

🌍 Blue Earth Capital is proud to announce the first closing of its first evergreen, semi-liquid impact private credit strategy fund (the “Fund”). In line with BlueEarth’s wider ‘total impact’ approach, the Fund seeks to support environmental and social impact initiatives globally whilst aiming to deliver market-rate financial returns and provide LPs with increased liquidity and optionality. The Fund held its first close in October 2024 with commitments from a select group of anchor investors. It already features a diverse seed portfolio targeting pressing environmental and social challenges globally, aligned with the UN Sustainable Development Goals (SDGs). This marks an important milestone for our firm, and we are grateful for the continued trust of our investors and partners. You can learn more about the strategy in our full press release: https://lnkd.in/drD-puFC #impactinvesting #unsdgs #privatemarkets #makingaworldofdifference #totalimpact

Discover how Helios Investment Partners and InfraCo Africa are transforming the landscape of climate finance in Africa with the successful $200m initial close of the CLEAR Fund. Pioneered by industry leaders Gilles J. Vaes and Christopher Chijiutomi, this effort underwrites a compelling future for green energy, agriculture, and logistics across the continent. https://lnkd.in/egvddF7P #RealAsset #RealAssetInvesting

Impact and energy transition investments are reshaping PE. The PEI 300 sees a surge in funds dedicated to sustainability, with 10 of the top 50 firms focusing on these strategies. Brookfield Asset Management’s Global Transition Fund, the largest impact fund ever with $15B raised, is a clear example. Their $10B BGTF II is set to continue this momentum. Institutional investors are increasingly prioritizing transition investments, seeing them as attractive, risk-adjusted opportunities. This is an industry that Virtas Partners has been focusing on for many years now. The #pe interest in #energy #tranisition and #infrastructure is not going to slow down any time soon. #deals #impactinvesting #energytransition #privateequity #sustainability #PEI300 #officeofthecfo

"..details vary from fund to fund. GPs have committed to putting anywhere between 10% and 100% of the carry on the line for impact... Impact-linked carry is certainly more common among European GPs than American ones.....estimates that half of the European impact funds are doing it some form." #impactinvestment https://lnkd.in/dVQ73AM7