myclimate and Yunus Social Business Launch "Social Business Climate Innovation Fund"

On the occasion of the Global Social Business Summit in Kuala Lumpur (Malaysia), Swiss climate protection foundation myclimate and Yunus Social Business launched the "Social Business Climate Innovation Fund." Its aim is to support social businesses worldwide, which demonstrably protect the environment.

Zurich, Switzerland, November 13, 2013 --( The Social Business Climate Innovation Fund supports social businesses with startup assistance and venture capital. Social businesses which seek funding must make a demonstrable contribution to climate protection. Investors can choose whether they get the return on their investment in the form of money or emission reduction certificates, known as carbon credits, in the amount of their initial investment. Initial projects will be implemented in 2014.

"myclimate and Yunus Social Business complement one another perfectly. Yunus Social Business provides its expertise in the constitution and support of social businesses and myclimate contributes its competence in carbon finance and project development," says René Estermann, CEO of myclimate.

"With his micro-finance approach, Yunus Social Business has developed an innovative tool for promoting social business entrepreneurial initiatives. With the Social Business Climate Innovation Fund, Professor Yunus and his team are responding to one of the biggest challenges currently facing us, climate change," says Sophie Eisenmann, co-founder and CFO of Yunus Social Business.

In 2011 myclimate acquired Nobel Peace Prize Laureate, Yunus as a member of its patronage committee. This was foundation stone for the launch of the Social Business Climate Innovation Fund.
Foundation myclimate
Kai Landwehr
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