Save the Children Global Ventures

A groundbreaking new collaboration between Save the Children Global Ventures (SCGV), a foundation focused on finance and technology innovation to transform children’s lives, and eight of the UK’s leading law firms (through Legal Charter 1.5) is projected to see an initial US$5 million invested over 10 years in western #Kenya to support livelihoods impacted by climate change: https://lnkd.in/eTKuiYsP. The law firms taking part are effectively pooling their climate action budgets for greater impact. The eight firms include Freshfields, Clyde & Co, Slaughter and May, DLA Piper, Taylor Wessing, Charles Russell Speechlys and Simmons & Simmons. As a co-benefit, the scheme will generate high integrity carbon removal credits for the firms funding it (verified and aligned to The Integrity Council for the Voluntary Carbon Market (ICVCM)’s approved standards and Core Carbon Principles). By committing to a ten-year funding window, the law firms allow Save the Children to plan a decade ahead, while establishing an ongoing revenue source to support children over the carbon projects’ 30+ year lifetimes. Save the Children International is the world’s largest independent children’s charity, operating in 116 countries. The project creates a replicable template for other law firms, professional services and businesses from other industries to support climate adaptation in priority locations where Save the Children works. Paul Ronalds, CEO at Save the Children Global Ventures, said: “This collaboration opens exciting new opportunities for Save the Children Global Ventures, the eight law firms and other private sector partners to help fill the massive funding gap for climate adaptation - and particularly the gap in child-responsive climate finance.” Jake Reynolds, Head of Client Sustainability and Environment at Freshfields and Chair of The Legal Charter working group behind the project, said: “We have to raise our sights to higher value, longer-term, collaborative initiatives to get anywhere near the scale required to protect communities from climate change, especially those that lack the financial means to adapt.” Amanda Carpenter, co-founder of Legal Charter 1.5, said: “Almost all economic activity has an impact on climate and lawyers are involved in much of it, including the governance, financing, contractual and regulatory architectures of business. Law firms can therefore play a vital role in supporting climate transition, both through their advice and the way they role model climate action. This ground-breaking collaboration demonstrates how law firms can support climate transition with new ways of working.” For media enquiries and interview opportunities contact Imogen ORorke at SEC Newgate UK ([email protected]) and Honor Grant ([email protected]) Photo: tea drying in Kenya

The Legal Charter is proud to have played a part in facilitating a ground breaking collaboration between eight leading law firms and Save the Children Global Ventures which will unlock carbon finance to invest in child-focused climate adaptation and mitigation in vulnerable communities, initially in Nandi County, Kenya.    One billion children live in countries at extreme risk and climate change is having an adverse impact on their lives in so many ways – including on their education, health and nutrition and child protection.    The law firms taking part are effectively pooling their climate action budgets for greater impact. The eight firms including: Freshfields, Clyde & Co, Slaughter and May, DLA Piper, Taylor Wessing, Charles Russell Speechlys and Simmons & Simmons. Huge thanks to Jake Reynolds, Chair of the Legal Charter Working Group and Head of Client Sustainability and Environment at Freshfields, Amanda Carpenter, Director of Legal Charter 1.5 and Kayne Harwood, Executive Director Climate Finance at Save the Children Global Ventures for the work they have done to enable this collaboration.   This project provides a scalable model for private sector funding of climate action, while providing high-quality carbon credits as a co-benefit.

Are you interested in making a meaningful impact through your giving and investments? Join us for the first part of our bespoke three-part webinar series about demystifying structure giving and investing for impact where we will unravel the complexities of thoughtful philanthropy and purposeful investing Featuring Australian Philanthropic Services’ Judith Fiander and Save the Children Australia’s Julianne Wilkin, these seasoned experts will guide you through the concept of structure giving, upcoming trends and the common myths surrounding it. Whether you’re new to the world of impact investing or looking to refine your approach to giving, this session will provide valuable insights and practical advice for you to make a lasting impact Be part of a movement towards investing for a better world, and register now: https://bit.ly/4dDhhsl #investingforimpact #purposefulinvesting #investing #financeindustry #financeprofessionals #finsiawebinar #finsia

What if we could develop a new approach to investing that explicitly considered the impact on children? This is exactly what child-lens investing is designed to do. The framework screens potential investments to understand if a company’s product or service has a clear, positive impact on children, potential for scaling, and the commitment of a company to child rights business principles. Post-investment, the child-lens investing framework provides a child-centred approach to impact measurement and management. Interested? See this article in Philanthropy Age. Preeth Gowdar Sandeep A. Huy Truong Julianne Wilkin Abhishek Agrawal Fernanda Lima Inger Ashing Janti Soeripto Gemma Sherrington Andrés Conde Solé Daniela Fatarella Angela Ahrendts Harvey Collins Mat Tinkler https://lnkd.in/e8HDahzB

Today we officially launched Save the Children Global Ventures Nature-based Solutions for Children (NbS4C) initiative. We are exploring the potential of carbon markets to sustainably support triple-bottom-line NbS projects delivering benefits for children, climate and the environment. The launch was held at the Accelerating NbS Conference in Zambia - in a river-boat on the Zambezi river. We heard from Levy, a local youth climate advocate from Environment Africa Zambia, about how the climate crisis is affecting him and what he would liek to see change. As well as from Pallab Regmi, Climate Change Advisor Nepal CO on our first NbS project, improved cookstoves in Nepal, Phil Ireland CEO of Carbon Neutral about how they are partnering with us to make this happen, and from local staff from Save the Children Zambia. Paul Ronalds Annika Tverin Rebecca Pearse Aadit Devanand Mauricio Preciado-Awad Bleu Blakslee Amanda Cosby