Investing in Sustainability
Calvert Foundation was founded on the principal of sustainability – both financial and environmental. Since poverty affects the way people interact with their environment, we are increasingly incorporating loans that support environmental responsibility into our portfolio.
We currently have over $5 million at work with organizations either primarily focused on making environmental sustainability integral to their projects:
Given the success of these investments, and the increasing desire of our investors to support groups that simultaneously combat poverty and help the environment, we are placing another $5 to $10 million for “green” initiatives in 2010. We will fund this activity by offering a special Community Investment Note that will allow investors to target all of their investment toward the “green” groups in our portfolio. These groups include those mentioned above and newly funded groups providing clean water to poor communities, creating renewable energy solutions for underserved communities, and building “green” affordable housing.
d.Light Design, a new member of Calvert Foundation’s portfolio, was started to help the 1.6 billion people around the world who live without electricity. Poor families in developing countries spend 10 to 30 percent of their income on kerosene, which can be expensive, dangerous, and bad for health and the environment. Through their efficient and affordable solar lanterns, d.Light intends to eradicate kerosene. In the last year, they have helped an estimated half million people bring safe and reliable light into their lives.
© Photo courtesy of d.Light Design