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Here's what you need to know: The richest 1% of people on the planet have seen their wealth increase by an average of $2.7 billion per day since 2020.
That's the first time in 25 years that extreme wealth and extreme poverty have increased at the same time, according to Oxfam's "Survival of the Richest" report.
"While ordinary people are making daily sacrifices on essentials like food, the super-rich have outdone even their wildest dreams," says Gabriela Bucher, executive director of Oxfam International, per the Guardian.
Oxfam is calling for a wealth tax on the world's richest, arguing that such a tax could raise $1.7 billion a year, enough to lift 2 billion people out of poverty.
Giving to Amplify Earth Action: The WEF on Tuesday launched Giving to Amplify Earth Action, an initiative to increase philanthropic funding to tackle climate change and biodiversity loss, per the Guardian.
The group estimates that $3 trillion is needed to address climate change and biodiversity issues, and CEO Per Heggenes of the Ikea Foundation says it's "unacceptable" that just 2% of... Read the Entire ArticleSelected Grant News Headlines
"We have arrived at a new age in climate history, and it is not a moment too soon," writes Matthew Yglesias at Vox.
He's referring to what he calls the "Age of Adoption," a time he says has...more
There's a 10,000-mile gap between the US and the Philippines when it comes to health careand it's about to be filled by a US venture fund.
GMA Ventures, a wholly-owned investment arm of the...more
A Portuguese crowdfunding site that connects investors with social and environmental impact projects has raised more than $1 million in its latest round of funding.
Goparity, which has more than...more
The World Economic Forum held its annual meeting in Davos, Switzerland, this week, and Oxfam released a report on the state of the world's richest people.
Here's what you need to know: The...more
One of the biggest carbon traders in the world is teaming up with one of the biggest tree-huggers to create what the New York Times calls "one of the biggest carbon markets in history."
The...more
Foundation: Coca-Cola Foundation 
Some 23 million children missed out on vaccinations in 2020, the highest number since 2009and 3.7 million more than in 2019.
That's why the Coca-Cola Foundation and Project Last Mile are teaming...more
In the UK, entrepreneurs from underrepresented groups are often shut out of investment opportunitiesuntil now.
That's about to change.
Big Issue Invest, the University of Edinburgh's Social...more
Environmental, social, and governance (ESG) issues have long been considered the No. 1 concern when it comes to potential investment opportunities, but a new report from the Global Impact Investment...more
A new study finds that states boycotting certain companies over environmental, social, and governance (ESG) concerns could cost them as much as $708 million a year in extra borrowing costs.
The...more
When it comes to environmental, social, and governance (ESG) metrics, some say they're the most important factor when investing.
Others, however, say they're just as important if not more...more
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Climate Change Report: What it Means for Impact Investing
The United Nations Intergovernmental Panel on Climate Change (IPCC) published the first of three volumes of its fifth Assessment Report (AR5). The findings of the report show that mainstream businesses have become greener, with an emphasis on reducing carbon emissions which are the key sectors for impact investment.
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