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The world's biggest philanthropists are putting their money where their mouth isin the form of environmental impact investments.
The World Wildlife Fund and the Bill and Melinda Gates Foundation have each committed $10 million to the Environmental Impact Investing Group, a group that aims to teach investors how to invest in "positive, measurable environmental impact alongside a financial return," according to a press release.
The Gateses are among the world's biggest philanthropists, with a combined net worth of more than $200 billion, but they're not the only ones putting their money where their mouth is, the Guardian reports.
A growing number of foundations and individual investors are also getting into the environmental impact investing game, trying to make a positive impact on the environment while also generating positive returns on their investments.
"It's a great way to invest in the long-term, but it's also a great way to make a difference in the immediate environment," the chief investment officer of the World Wildlife Fund tells the Guardian.
The World Wildlife Fund, for example, is investing in a fund that aims to reduce emissions from power plants, while the Gateses are investing in the Bill and Melinda Gates Foundation's Global Climate Action Fund, which aims to reduce greenhouse gas emissions from power plants by
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