SDG focused impact at scale targeting $1bn by 2023
Bamboo Capital Partners, the asset management arm of Palladium, has confirmed its commitment to deploy $1bn of impact investments over the next three years.
This comes as the impact investor publishes its 2020 Impact Report which, despite the challenges of Covid-19, delivered a positive impact on additional nine million lives in developing markets, bringing the cumulative impact of its investee companies to 193 million lives.
For the 12-month period the investments also supported an additional 3,600 jobs, 2,000 of which were for women, and displaced an additional 2.7 million metric tons of CO2 emissions – the equivalent consumption of 6.25 million barrels of oil or nearly 600,000 cars driven for a year.
On a cumulative basis, Bamboo’s investees supported 48,800 jobs, including 17,900 jobs for women and displaced 12.4 million metric tons of CO2 emissions.
Bamboo and Palladium have now mobilised more than $2bn of impact investment in the past five years and currently manage more than $3bn of private and public funds in 90 countries.
Through the year 2020, Bamboo weathered the Covid-19 crisis by supporting portfolio companies and continuing to provide financing to new investees. It has been and will continue to be focused on delivering against the United Nations Sustainable Development Goals (SDGs) – and SDG17, which is focused on partnerships, is proving to be key.
Jean-Philippe de Schrevel, Founder & Managing Partner of Bamboo Capital Partners commented: “It is a testament to the resilience of our investees, our partners and our team that we have managed to weather the crisis and challenges that Covid-19 has brought and still, against this backdrop, we delivered on the mission in terms of on the ground impact.
“It has also shown that now, more than ever, the importance of what we are building and the impact of catalytic capital. The years ahead are going to be crucial in terms of how we build more resilient communities and our plans to mobilise more than USD$1 billion over the next few years reflects the scale of the challenge and the opportunity. And we believe the key to unlocking grassroots impact at scale is to focus on more modest ticket sizes and deploying catalytic capital in communities where the investments will have the most significant impact.”