A number of banks, asset managers and financial institutions have teamed up to launch the Catalytic Finance Initiative (CFI), aiming at directing $8bn (€7bn) in total commitments towards high-impact sustainable investments.
Members of the CFI initiative include AllianceBernstein (AB), Babson Capital Management, Crédit Agricole CIB, European Investment Bank, HSBC, International Finance Corporation (IFC) and Mirova.
The Aligned Intermediary, representing a group of long-term institutional investors, will join CFI’s members on specific investment opportunities.
The CFI was originally launched by Bank of America in 2014 with a $1bn (€881m) commitment, with the aim of stimulating at least $10bn (€8.81bn) in new investment into high-impact clean energy projects through additional partnerships.
CFI partners bring expertise in a broad range of financial specialty areas.
This includes clean energy infrastructure finance, green bonds, project finance, green asset-backed securities, emerging markets investment and advisory assistance, and approaches to blending public and private finance.