A group of foundations and family offices has announced the launch of a first-of-its-kind donor collaborative aimed at scaling the field of impact investing.
The Tipping Point Fund will make strategic grants in support of the creation and development of critical infrastructure needed to ensure the integrity and continued growth of the impact investing market.
The first recipients of TPF grants will be announced in 2020.
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The Central Bank of Nigeria (CBN) released the Nigerian Sustainable Banking Principles, an agreement signed by 34 banks, including the original eight of the nation’s leading banks, that covered nine key areas: environmental and social risk management, environmental and social footprint, human rights, women’s economic empowerment, financial inclusion, environmental and social governance, capacity building, collaborative partnerships and reporting.