Bamboo Capital Partners announced today a commitment to deploy $1 billion of impact investments over the next three years, focused on delivering against the United Nations Sustainable Development Goals (SDGs).
The impact investment pledge was made along with the release of Bamboo Capital’s Impact report, highlighting the company’s initiatives that positively impacted 9 million people and the environment. Over the past year, Bamboo’s investments supported additional 3,600 jobs, including 2,000 jobs for women, and displaced an additional 2.7 million metric tons of CO2 emissions, according to the report.
Jean-Philippe de Schrevel, Founder & Managing Partner of Bamboo Capital Partners, said:
“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.”
During 2020, Bamboo entered a strategic partnership with global impact firm Palladium, becoming its asset management arm. Bamboo and Palladium have combined to mobilize more than $2 billion of impact investment in the past five years and currently manage more than $3 billion of private and public funds in 90 countries.
José María Ortiz, head of Palladium’s Impact Investments and a Board Member of Bamboo said:
“The Bamboo Palladium partnership gives us end-to-end expertise in impact fund management, from design to delivery. This gives us a really differentiated approach and enables us to deliver across sectors and geographies, from concept to on the ground delivery – where impact matters most.”
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