SIFEM formalises its climate investment approach

The Swiss Investment Fund for Emerging Markets (SIFEM) has recently formalised and received approval for its climate approach from its board of directors. SIFEM, an investment institution that supports the development of private sector projects in emerging markets, aims to tackle the need for climate action in alignment with Switzerland’s International Cooperation Strategy 2021-24, SIFEM’s Strategic Objectives 2021-2024 set by the Swiss government, and SIFEM’s Approach to Responsible Investment.

SIFEM invests and mobilises funds for climate change mitigation and adaptation, while its focus remains on the support of economic resilience in developing markets. SIFEM has also committed to harmonisation with other development finance institutions in its climate commitments. The Climate Approach translates into two main objectives for SIFEM’s investment strategy: Paris Alignment for all new investments, and increasing climate investments, allocating at least 25% of new investments to opportunities in both the climate mitigation and adaptation spaces.