ResponsAbility Boosts Renewables & Sustainable Fruit Processing in Chile & Vietnam
ResponsAbility, a leading global impact asset manager, has made significant strides in promoting sustainability and combating climate change. Its recent investments in Chile and Vietnam are set to boost renewable energy and sustainable fruit processing.
In Chile, ResponsAbility has made its first climate infrastructure investment in Latin America. The company committed $56 million to a wind farm project, which is expected to generate around 20% of the country's wind market output. This initiative is not only a significant step towards Chile's goal of carbon neutrality by 2050 but also aims to avoid over 46,000 tons of CO2 emissions annually. Other international lenders supporting this project include CIFI, Triodos, and BICSA.
In Vietnam, ResponsAbility has financed Quang Ninh Fruits Processing and Export Joint Stock Company (Quang Ninh FPE) through its investment in sustainable fruit processing and export. Nafoods Group, which operates across the entire fruit value chain and works closely with local smallholder farmers, has also received funding from ResponsAbility to boost its sustainable fruit processing capacity. As of June 2023, ResponsAbility manages $5.4 billion in assets across three investment themes: financial inclusion, climate finance, and sustainable food.
ResponsAbility's investments in Chile and Vietnam demonstrate its commitment to driving sustainable development and combating climate change. Through its climate finance initiatives, the company is supporting countries' transition to renewable energy and promoting sustainable practices in the fruit processing industry. With $1.1 billion in tailor-made investment solutions for institutional clients as of June 2023, ResponsAbility continues to make a significant impact in these areas.
