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Good news for those worried about the planet's water supply: There's a new way to invest in it.
Fidelity has launched the Fidelity Funds 2 Blue Transition Bond Fund, which the company says is the first "blue transition" fixed-income fund to launch globally, Bloomberg reports.
The fund will invest in both global bonds or bonds of issuers that contribute to ocean and freshwater objectives aligned with one or more United Nations objectives, such as improving management of water-related risks and opportunities, and reducing the negative impact of climate change on the ocean or freshwater.
"There aren't many blue bond funds out there, and so issuers who would naturally lend themselves to issuing a blue bond, such as water companies or companies who design specific engineering solutions for water, will issue green-labelled bonds instead so they can sell them into a green fund," a Fidelity spokesman says.
"For the green bonds we invest in, at least 20% of the use of proceeds must be invested into blue projects," he adds.
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
"Nonprofit news is the very hot thing right now," says Stacy Palmer, chief executive of the Chronicle of Philanthropy. "Lots of foundations are coming together to save local news." In fact,...more
If you're looking for a place to live in Perth, Australia, OneFive Hamilton Hill is the one for you. That's because it's one of the most water- and energy-efficient residential developments in...more
The UN has set aside $75 million to help fight hunger in some of the world's poorest countries. The money will be doled out through a new program called the Business Investment Fund for...more
Good news for those worried about the planet's water supply: There's a new way to invest in it. Fidelity has launched the Fidelity Funds 2 Blue Transition Bond Fund, which the company says is the...more
Climate change isn't just a global problem, it's a local one that's affecting everything from air quality to rainfall in Australia. So the country's Murray-Darling Basin Water Fund is turning to...more
Environmental, social, and corporate governance (ESG) factors have been gaining traction in the investment world in recent years, and the New York Times takes a look at what they're doing and how...more
Foundation: Gulf Coast Community Foundation
In the wake of Florida's recent hurricanes, the Gulf Coast Community Foundation has set up a Rapid Response Fund to help those in need. The fund has so far awarded 18 grants totaling more than...more
Foundation: Gulf Coast Community Foundation, Humana Foundation
In the wake of hurricanes Irma and Maria, the Gulf Coast Community Foundation has set up a Rapid Response Fund to provide $500,000 in "life-sustaining support to boots-on-the-ground nonprofit...more
A Youngstown, Ohio-based nonprofit that provides services to children, adults, and seniors with disabilities has expanded its service area to include six new counties and changed its name to...more
"We've spent the last few years putting into place a stellar team of professionals to guide Linc into our next phase of growth, bringing innovation and new ideas that will carry our mission...more
Nonprofit Management News from...
Gulf Coast Community Foundation
Humana Foundation
Foundation Source
Oshkosh Area Community Foundation
Maine Community Foundation
Community Foundation of the Fox River Valley
Northern New York Community Foundation
Citi Foundation
Central Carolina Community Foundation
Community West Foundation
Social Entrepreneurship
Spotlight
New Age of Philanthropy: #GivingTuesday
A part of a series produced by The Huffington Post in celebration of #GivingTuesday, which will take place this year on December 3, Kathy Calvin and Henry Timms vouch that we are living in a new era of philanthropy.
