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One of the world's biggest superannuation funds has taken a stand against climate change by investing in sustainable agriculture.
Australia's Commonwealth Bank has pumped $100 million into Cibus Fund II, which focuses on sustainable farming, practices, and companies, reports the Sydney Morning Herald.
"As a super fund representing one in five young Australians, we believe impact investing represents a powerful opportunity for us to grow our members, while helping to build a more sustainable future," says Leilani Weier, head of responsible investment and sustainability at the bank, which has around $80 billion in assets.
Cibus Capital, an investment adviser to the fund, says it plans to use the money to invest in "state-of-the-art glasshouse tomato producer undertaking work expected to form the basis for a platform focused on the production of year-round produce in renewable energy powered facilities," per the Guardian. Read the Entire Article
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
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Social Entrepreneurship
Spotlight
Halcyon Incubator Selects Inaugural Class of Fellows
Washington, D.C. based incubator for social entrepreneurs, Halcyon Incubator, has selected seven ventures to move into the newly renovated Halcyon House in September for its inaugural class of fellows.
