(Finance) – At the headquarters of Cassa Forense, the European Investment Fund (EIF) today launched a new financial product intended to support new innovative technologies aimed at combating climate change. The new Fund of Funds, named Sustainability Development Umbrella Fund (SDUF) Green Techintroduces a new tool for institutional investors and contribute vigorously to the green-tech industry.
SDUF Green Tech, intends to provide institutional investors with direct access to the VC and Private Equity ecosystem. A substantial growth in the composition of the portfolio is expected to include more than ten funds, and more than 150 companies involved. SDUF Green Tech has an expected pipeline exceeding one billion euros and a focus on climate and environmental investments.
“The EIF’s experience and tenacity have succeeded in transforming the challenges of climate and environmental change into an incredible investment opportunity through SDUF Green Tech,” he said. Gelsomina Vigliotti, president of the EIF and vice president of the EIB –. Through significant financial support for ambitious technological solutions, we demonstrate once again how Europe is at the center of the global effort to reverse course and make our future greener and more sustainable.”
“Cassa Forense, with a view to developing a sustainable future, wants to do its part by participating as a reference investor in this important project – he explains Valter Militi, president of Cassa Forense –. Cassa has already undertaken initiatives aimed at spreading the culture of sustainability among its members, the 240,000 Italian lawyers, in the past, choosing to set itself the objective of pursuing, among the 17 Objectives of the United Nations 2030 Agenda, Goal 7 on ‘Clean and affordable energy and Goal 13 on the fight against climate change. The new investment proposed by the EIF makes it possible to strengthen the commitment on these issues and to combine the financial return with ESG objectives”.
SDUF Green Tech copes with the limited presence of capital to be allocated to European technological realities, channeling Venture Capital and Private Equity into the climate and environmental sphere. Forensic Fund seized and understood this opportunity, becoming anchor investor of the whole initiative through a initial investment of 40 million eurosin support of technological innovations that will contribute to a drastic reduction of carbon emissions in Italy and in Europe.
The new Fund of Funds is aimed at directing investments towards thematic projects in line with the United Nations Sustainable Development Goalssuch as renewable energies, maritime biotechnologies, regenerative agriculture, technological solutions to prevent pollution and the circular economy aimed at transforming waste into an energy resource.
The financial product is supported by the advice of the EIF.
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