Giving Compass' Take:

• Seoyoon Choi shares three pieces of advice for funders who want to find and support climate-smart solutions. 

• Are you ready to embark on a project to identify and invest in climate-smart solutions? 

• Read about three ways to engage in impact investing. 

Local funders should expand their horizons to identify solutions

When advancing solutions for climate action, it is important for funders to support local SPOs. SPOs that operate in their country of origin not only have the best understanding of social and economic context of each country, but their work also helps spark economic growth in local communities.

Nonetheless, collaboration across borders is crucial to mitigate the monumental challenges that climate change has brought about. The environmental, economic, and social harms of climate change are not exclusive to a single country or region.

Funders must deepen knowledge to keep up with trends around environmental sustainability

Especially with regard to environmental sustainability, it is important for funders and aspiring impact entrepreneurs to have a strong depth of knowledge around climate change and its solutions.

Funders can find a middle ground by breaking down funding vocabulary into universal terms

While it is important to have a high level of understanding regarding environmental sustainability and climate action, funders and SPOs alike can benefit from using language that is approachable to those unfamiliar with the topic. This was especially helpful for many of the participants who were new to the impact space but decided to join the convening due to the increasing gravity of climate change and the rising appreciation in impact investment. Many commented that they appreciated how the speeches were easy to follow, even for those who recently began to learn about the topic.

Funders who come from the more “traditional” investment and venture capital scene, likewise, found ventures more approachable when they presented their solutions in clear, understandable terms.

Read the full article about finding climate-smart investees by Seoyoon Choi at AVPN.