The Lab welcomes the Green Climate Fund, Nordic Development Group, Salesforce, and Mitsubishi UFJ Financial Group its newest Global Members.
Established in 2010, the Green Climate Fund (GCF) is the world’s largest climate fund, mandated to support developing countries raise and realize their Nationally Determined Contributions (NDC) ambitions towards low-emissions, climate-resilient pathways. The GCF has been a longtime Lab Observer and one of the Lab’s largest investors in lab-endorsed solutions.
The Nordic Development Fund (NDF) focuses on the nexus between climate change and development in lower-income countries and countries in fragile situation. NDF has been a Lab observer for several years, and has provided concessional money to a number of Lab ideas.
Also joining the Lab is the U.S.-based customer relationship management (CRM) software company Salesforce. Salesforce and the Lab worked closely these last few months to put together the Corporate Climate Finance Playbook, a comprehensive guide to understanding how corporate finance tools can accelerate business and climate goals.
The Mitsubishi UFJ Financial Group (MUFG) is a leading global financial services group and one of the largest banking institutions in Japan. In June, MUFG and partners launched a USD 1.5 billion platform to help drive climate-focused investment into developing and emerging countries. The group has been a Lab member for several months and will be a key private sector ally going forward.