VITA GREEN IMPACT FUND
The Vita Green Impact Fund (‘The Fund’) is a ten million Euro blended finance fund
The Fund will provide 1.3 million people (257,000 households) with safe water and clean cooking and generate 685,000 tonnes in annual carbon emission savings
The carbon emission savings are accredited with the UN-recognised standards agency, Gold Standard and sold on voluntary carbon markets
The fund delivers social impact against at least eight of the UN Sustainable Development Goals (SDG):
- Fuel-efficient cook stoves for 1.3 million people (SDG 7: Clean Energy, SDG 5: Gender Equality, and SDG 3: Good Health & Wellbeing),
- 1,650 repaired community water points, benefitting a further 132,000 households (SDG 6: Clean Water & Sanitation, SDG 5: Gender Equality, and SDG 3: Good Health & Wellbeing),
- 30 million trees planted and saved (SDG 13: Climate Action)
- Decent employment for fuel-efficient cook stoves producer groups( SDG8: Decent work and Economic Growth).
Profits generated from carbon offsets will be re-invested to provide water, energy and forestry services to new communities, generating more carbon savings, revenue and profit. The circular model and reinvestment of profits enables the fund to expand its reach with a goal of ultimately reaching eight million people.
The fund is aligned with the catholic teachings of Laudato si’