ISLAMABAD: Karandaaz Pakistan, a development finance platform at the forefront of supporting financial inclusion and driving digital transformation across the country, has announced the launch of GreenFin Innovations (GFI), a pioneering initiative dedicated to scaling innovative and sustainable solutions aimed at supporting the green economy.
And they are addressing critical climate change issues in Pakistan.
The initiative is committed to sparking transformative change and building local capacity to address pressing environmental and climate change challenges through innovative solutions.
Proposed solutions must actively address climate change challenges in adaptation, mitigation, or cross-cutting thematic areas. Elaborating on the initiative, Karandaaz Chairman Salim Raza said, “GreenFin Innovations is focused on accelerating sustainable solutions to combat climate change in Pakistan.
It provides blended financing in the form of soft loans, with the financing size varying according to the nature and scale of each project. GFI will enable businesses to play a key role in supporting the green economy and mitigating the impacts of climate change. In the past, Karandaaz has successfully provided growth capital for innovative solutions in plastic waste management, efficient water management, and air quality under the Green Challenge Fund (GCF).
It is imperative that local capacity is developed to address environmental and climate change challenges, and the private sector has a large role to play in this effort. To this end, GFI will provide the necessary support and venture capital to accelerate innovation in addressing climate challenges.
official website: https://gfi.karandaaz.com.pk/
