'1% for the Planet,' the global network of entities committed to donating one percent of profits to support environmental initiatives, has launched the 'Planet Impact Fund' to drive climate-friendly solutions. In order to launch this fund, 1% for the Planet teamed up with 'CapShift' and 'National Philanthropic Trust,' two organizations dedicated to driving positive social and climate change through the mobilization of capital.
The fund will focus on allocating funds to private organizations with meaningful climate change, and 1% for the Planet will be the organization that determines the partners. National Philanthropic Trust and CapShift will handle capital and advisory services to the Planet Impact Fund.
The Planet Impact Fund will disclose where it invests its money each year, and 10% of its donations will be reserved for environmental nonprofit organizations. This fund is an excellent way for businesses to legitimize climate strategies with financial incentives.
Environmental Protection Initiatives
The 'Planet Impact Fund' Supports Climate Friendly Solutions
Trend Themes
1. Climate-friendly Solutions - Investing in private organizations with meaningful climate change can lead to effective solutions.
2. Environmental Nonprofit Support - Setting aside 10% of donations for environmental nonprofit organizations can provide much-needed support.
3. Transparent Investment Disclosure - Providing yearly disclosure of the Planet Impact Fund's investment can promote transparency in environmental funding.
Industry Implications
1. Philanthropy - Philanthropic organizations, such as the National Philanthropic Trust, can drive positive social and climate change through the mobilization of capital.
2. Finance - Supporting climate change initiatives can provide financial incentives for businesses and organizations.
3. Environment - Private organizations and nonprofit environmental groups can benefit from funding and support through initiatives such as the Planet Impact Fund.