OVERVIEW

The Tri Hita Karana Investors Unite in Diversity Call to Action “Blended Billion for Planetary Health” initiative aims to build greater awareness amongst private philanthropists, foundations, and business and family offices to accelerate and scale blended finance deals for the delivery of climate actions and planetary health, and to call for their financial commitment.

Blended finance is the use of development finance (public or philanthropic funds) to mobilize additional commercial finance (private sector funds) that are not currently deployed to support the SDGs. This is accomplished by using the public or philanthropic funds to change the risk profile of private investments in the SDG space thereby incentivizing a wider universe of investors to participate in the market. For philanthropic capital, the social impact returns from Blended Finance deals are many folds larger than what is achieved through charitable giving, donations, or impact financing alone. On average every $1 of philanthropic funds could catalyze the private sector to invest on average $4 more in an SDG-related project, thereby scaling the impact.

Objective of the initiative:

1. Launch an awareness and education journey on the use of Blended Finance for philanthropic organizations, foundations, family and business offices and demonstrating how they can amplify impact;
2. Invite philanthropic organizations to pledge their donation and grants to catalyze Blended Finance for climate finance and the SDGs-linked projects;
3. Assist in matching some of these commitments to concrete climate- and SDGs-linked solutions aligned with the pledgees’ area of focus.

On September 13, 2021, the Tri Hita Karana Forum launched the Investors Unite in Diversity Call to Action on ‘Blended Billion for Planetary Health’ initiative, supported by the Monetary Authority of Singapore (MAS) and co-chaired by Paul Polman, former Group CEO Unilever / Co-Author of “Net Positive” / Co-Founder, IMAGINE and Prof Denise Kenyon-Rouvinez, leading expert on family business and family office. The launch saw the Rockefeller Foundation reiterated its pledge of US$1 billion of catalytic capital to support green growth recovery.

The Blended Billion for Planetary Health has since garnered a number of signatories supporting the initiative.

To support this initiative, please reach out to