Climate change: Non-banking financial company Clix Capital has signed a $20 million loan from Global Climate Partnership Fund (GCPF), a Luxembourg-based innovative impact investing fund managed by responsAbility Investments AG. The funding will be deployed for sustainable projects that help to mitigate climate change and fortify Clix Capital’s lending portfolio.
Speaking on the announcement, Rakesh Kaul, MD and CEO of Clix Capital said, “As climate change mitigation becomes a cross-policy agenda globally, our efforts are aligned to advance sustainable and green lending. As a responsible lender, we are committed to supporting India’s green journey via credit support and assisting businesses with CO2 reporting, green lending development, and environmental and social risk management initiatives.”
