Piloted by Danone in 2008, Livelihoods Fund supports projects that link carbon sequestration, restore biodiversity and fight poverty. This platform allows common investment business partners to pool their resources and skills together, to support their shared vision for social responsibility. Livelihoods Fund has so far invested in several large-scale projects in Africa and Asia. A prominent example is the restoration of 10,000 hectares of mangroves in Senegal by 450 villages reconstituting their food ecosystem of fish breeding and crop protection. Another example is the plantation of 6,000 hectares of agroforestry with 20,000 small farmers in India, which will provide a mix of fruits, timber and cash crops under shade. While improving the livelihoods of impoverished people, these two projects will also sequestrate 1.5 million tons of CO 2 over 20 years.
"SAP's decision to invest in Livelihoods is a confirmation of the company's leadership on sustainability," said Bernard Giraud, co-founder of Livelihoods Fund and president of Livelihoods Venture, the Fund Advisor. "We welcome SAP's engagement on reducing its carbon footprint while contributing to create social and environmental value through an innovative business model. And we expect that they will also bring a lot to the Livelihoods approach."
Evan Welsh, +1 (610) 203-9742,
SOURCE SAP AG
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV