Fossil fuels are so old-fashioned

Chanel backs nonprofit that aims to attract investors to help finance projects fostering climate-resilient practices

16 June 2021 - 19:19 By Michael Taylor

French fashion house Chanel is backing a new climate adaptation fund that aims to raise $100m by 2025 to invest in projects to promote sustainable agriculture, protect forests and support small-scale farmers in developing countries.

The Landscape Resilience Fund (LRF) was developed by green group WWF and Swiss-based social enterprise South Pole and is starting with $25m from luxury brand Chanel and $1.3m from the Global Environment Facility...

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