Climate Impact Investing Opportunities and Challenges: Plugged In with Stonly Blue of Third Sphere

The week has been eventful for impact investors and asset owners, with discussions ranging from the rights and responsibilities of sovereign wealth funds to the urgency of philanthropic asset owners in addressing climate and wealth inequality issues. At the Milken Institute’s annual summit, the focus was on financial tactics and distribution strategies, while impact investors were highlighted for their long-term commitment to funding solutions for climate resilience and gender lens investments.

In Hollywood, director Ava DuVernay made waves at the Mission Investors Exchange conference by discussing the importance of narrative change in storytelling. Her latest film, “Origin,” funded outside the studio system with the help of impact-oriented investors, is a powerful reflection on hierarchy and history. DuVernay’s call to action for funders and foundations to prioritize social impact storytelling resonated with many in the industry.

On the climate front, carbon removal technology is taking shape with the launch of the world’s largest direct air capture facility in Iceland. The facility, built by Climeworks, will store carbon in crystallized form in the bedrock below, contributing to efforts to combat climate change. The XPRIZE Carbon Removal competition has also highlighted innovative approaches to carbon removal, from nutrient-rich basalt to ocean alkalinity enhancement.

In the world of impact investing, new talent and job opportunities are emerging, with individuals joining organizations like MCE Social Capital, Impact Capital Managers, and Opportunity Finance Network. The commitment to sustainability and impact is evident in these new appointments and promotions.

As the week comes to a close, the focus remains on driving positive change and creating a more sustainable future. With ongoing discussions on climate resilience, diversity, equity, and inclusion, the impact investing community continues to push for meaningful impact and change. Have a wonderful weekend, Agents of Impact! – May 10, 2024