Zurich - responsAbility Investments AG has been appointed as investment manager for a KfW-led climate fund. Founded in December 2009, the fund is a public-private partnership dedicated to mitigating climate change through a reduction of greenhouse gas emissions in emerging and developing markets. The fund was initiated by the German Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety and KfW Entwicklungsbank. Other current investors include the Department of Energy and Climate Change of the United Kingdom, the Danish Government, the International Finance Corporation, the Austrian Development Bank and a German pension fund serving as main investors. In this new role responsAbility is tasked with taking the fund’s growth to a new level.
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