ADB Commits $50 Million To Actis Fund For Climate Transition In Asia-Pacific

The Asian Development Bank (ADB) has announced a substantial commitment of $50 million to the Actis Asia Climate Transition Fund, managed by Actis, a global leader in sustainable infrastructure investment. This initiative aims to expedite the shift towards clean energy and tackle the developmental challenges exacerbated by climate change impacts across Asia and the Pacific region.

The Actis Asia Climate Transition Fund will primarily focus on investing in renewable energy, energy solutions, and sustainable transportation companies. Each investment is anticipated to range between $50 million and $200 million per company, supporting scalable projects that promote environmental sustainability.

Suzanne Gaboury, ADB’s Director General for Private Sector Operations, emphasized the critical need for climate-resilient infrastructure and climate-smart technologies in Asia-Pacific countries facing vulnerabilities from rising sea levels, extreme weather events, and biodiversity loss. She highlighted that ADB’s investment in the fund will play a pivotal role in addressing these challenges.

Investee companies under the fund will be supported in developing comprehensive net-zero plans aligned with the goals of the Paris Agreement. Additionally, ADB’s investment will incorporate a gender lens investing approach, promoting gender-inclusive practices among investee companies.

Founded in 1966 and currently owned by 68 member countries, ADB remains steadfast in its mission to foster a prosperous, inclusive, resilient, and sustainable future for Asia and the Pacific region, continuing its efforts to alleviate extreme poverty.