Around the world, CGI Commitments to Action are creating new approaches for cleaner air and water, protecting habitats and species, and developing solutions to reverse climate change.
The African Small Enterprise Fund
The GroFin Africa Fund (GAF), managed by GroFin - which was co-founded with the support of Shell Foundation - provides business development assistance and risk capital to start up and growing enterprises in Africa. GAF builds on the US$100m already commited to regional SME funds in Africa. In 2008 The Shell Foundation secured commitments of US$125m (surpassing the first close target of US$60m) for GAF. Financial commitments were approved by development finance institutions (CDC, FMO, Norfund), international finance institutions (IFC, African Development Bank), Shell Foundation and the sponsor (GroFin). GAF is now operational in all 7 countries in Africa in which local GroFin teams have been established.
In 2013, carbon dioxide emissions comprised 82 percent of all U.S. greenhouse gases released into the atmosphere from human activities. The rising concern for our environment and the sustainability of the planet has led to more focused efforts on reversing the effects of climate change.