Klarna and Milkywire launch a global biodiversity fund to encourage collective environmental action

Klarna and Milkywire have launched an investment fund dedicated to biodiversity, open to all technology and financial companies wishing to invest directly in environmental projects. The collaboration between Klarna and Milkywire reflects a growing awareness of the urgent need to protect biodiversity, demonstrating the importance of collective action by the private sector to meet environmental challenges and promote sustainable development. Klarna also reinforces its CSR positioning and its existing partnership with Milkywire.

FACTS

• Klarna and Milkywire (a platform for supporting projects with an environmental impact) have jointly launched a global fund dedicated to biodiversity, called the Nature Transformation Fund. Its distinctive feature is that it is open to technology and financial companies.

• The initiative aims to encourage direct investment in projects with a positive impact on biodiversity, while simplifying the process for companies wishing to contribute to this global effort.

• Over the past three years, Klarna has already invested $13.6 million in 53 different environmental initiatives:

• planting 4.9 million native trees,

• protection of 700,000 hectares of forest in the Amazon against illegal extraction,

• creating 195 hectares of grassland and wildlife habitat in the UK,

• saving the world's 70 remaining Javan rhinos.

• The fund will be managed by Milkywire, while Klarna will remain a founding partner, committed to ongoing investment for the planet.

CHALLENGES

• Biodiversity, a crucial issue for the health of the planet and its inhabitants: the loss of biodiversity threatens the balance of ecosystems and compromises food security, climate stability and human health. Faced with this urgency, it is imperative that businesses make an active contribution to preserving and restoring biodiversity.

• Awareness: the launch of this fund reflects a growing awareness of the need to act quickly to protect biodiversity. By pooling their resources and expertise, Klarna and Milkywire are demonstrating the importance of collaboration in tackling environmental challenges.

• Collective action by the private sector: this initiative testifies to the growing willingness of the private sector to play a significant role in combating biodiversity loss and promoting sustainable development. The fund paves the way for more effective collective action and enables businesses to play a more significant role in preserving the world's biodiversity.

MARKET PERSPECTIVE

• Recently, Spotify and Klarna donated 4.5 million euros to support Milkywire's Climate Change Charity Fund.

• Similar funds include :

  • The French Global Environment Facility (FFEM) finances innovative environmental projects in developing countries.

  • The Global Environment Facility (GEF), the world's largest funder of environmental projects, finances biodiversity and conservation projects.

  • Klarna has also decided to extend its global partnership with Expedia Group, offering flexible payments to US consumers.