responsAbility receives Green Climate Fund accreditation

Zurich, July 19. 2023 - responsAbility, a pioneer and global leader in impact investing, reaches a new milestone in its climate finance strategy as it gains accreditation from the Green Climate Fund (GCF). The GCF, established in 2010 during the United Nations Climate Change Conference, is the world’s largest climate fund, with nearly USD 13 Billion in committed financing. Its primary objective is to mobilize climate capital to support developing countries in their transition to low-carbon and climate-resilient economies. By gaining accreditation, responsAbility expands its potential impact in climate finance and sustainable development in emerging economies.

To meet climate adaptation and mitigation goals, emerging economies require USD 1 trillion annually by 2025 and USD 2 - 2.8 trillion by 2030. However, these economies, which are often most affected by climate change, currently receive 27% of the required climate-development financing. As one of the only nine large purely private asset managers to join the network of 118 accredited entities globally, responsAbility highlights the importance of public-private partnership collaboration in mobilizing resources and expertise for sustainable development.

Alignment with rigorous standards

The accreditation signifies responsAbility's alignment with GCF's rigorous standards and guidelines, reinforcing its credibility as a trusted climate finance partner. It showcases responsAbility's robust investment strategies, expertise in blended finance, industry knowledge, gender lens investing, and dedication to environmental and social impact.

"We are excited to receive accreditation from the Green Climate Fund, which represents a milestone for responsAbility. Collaborating with GCF allows us to address climate change and adaptation in areas that need it most," says Rochus Mommartz, CEO at responsAbility. "This accreditation strengthens our ability to unlock crucial investments and mobilize private capital for sustainable development."

Unlocking investments for sustainable development

Since expanding its investment focus to include Climate Finance in 2014, responsAbility has disbursed USD 1.5 billion towards climate mitigation and adaptation. The strong combination of its three investment themes; Climate Finance, Sustainable Food and Financial Inclusion allows responsAbility to tackle urgent and complex social and environmental challenges. responsAbility is committed to leveraging its GCF accreditation to unlock new opportunities, promote innovation, and make a tangible difference in sustainable development and the fight against climate change.