A Swiss investor receives 106 million euros to reshape our food system

Swiss investor ResponsAbility announced that it raised 106 million euros, money which will be invested in its solution for climate-smart food systems. Through this investment platform, the Swiss company aims to help reshape our current food system, preparing it for the future.

ESG Today writes that ResponsAbility launched the debt solution for the agri-food industry back in February 2022 and the 106 million euros provides sufficient funding for the company to expand to food markets in Asia Pacific, Latin America and Africa.

ResponsAbility aims to mitigate the effects of climate change-related events on farmers operating in these regions, while also reducing food loss and teaching farmers how to be more resilient in the face of natural disasters.

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Suhasini Singh, Head of Sustainable Food Debt at ResponsAbility, said that "business as usual is no longer possible as emissions from the global food system alone could raise global temperatures by 1.5°C by 2050 and climate change puts the global food security at risk."

"Therefore, it is an absolute priority to transition to low-carbon and climate-resilient food systems. We have an opportunity to showcase that there are investable projects in this grossly unfunded space", she added.

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Global Affairs Canada and Visa Foundation were among those who participated in the 106 million euros round.

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