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According to a soon-to-be-launched report by the Asian Development Bank (ADB) on impact investing in Southeast Asia, the base of the economic pyramid (BoP) market in East and Southeast Asia is comprised of 1.3 billion people with a purchasing power of US$4.7 trillion. Inclusive businesses – commercially viable enterprises that provide livelihoods and essential goods and services to people at the BoP – can play a key role in responding to this market’s unmet needs.
Ingersoll Rand announced key milestones towards its climate commitment to the Clinton Global Initiative. To date, the company’s climate commitment has supported the avoidance of approximately 2 million metric tons of CO2e globally, which is equivalent to annual CO2 emissions from nearly 300,000 homes annual electricity use and more than 2.3 billion pounds of coal burned. By 2030, the company expects to reduce its carbon footprint by 50 million metric tons.
The GRI Due Process Oversight Committee (DPOC) ensures that the standard-setting activities of the GRI Global Sustainability Standards Board (GSSB) are conducted in accordance with its due process.
MetLife Foundation announced a new program where researchers from University of Kansas and University of Michigan will lead a project to build a web-based, interactive map showing where financial services are located in communities across the United States and how the locations of these services affect individuals’ financial opportunity. The project, known as Mapping Financial Opportunity, will provide a tool that policymakers at all levels, regulators, consumer advocates, families and others can use to search by ZIP code and learn more about the financial opportunity within their communities.
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