Prudential announces $350M climate transition funding for Asia & Africa, investing $200M in Brookfield's fund and up to $150M in KKR's climate strategy.

Prudential, a London-listed insurance company, has unveiled a climate transition funding framework with commitments of up to $350 million, targeting investments in emerging markets in Asia and Africa. The firm will invest $200 million in Brookfield's Catalytic Transition Fund and up to $150 million in a climate strategy managed by KKR. This initiative aims to address financing for projects transitioning from high to low carbon amid a lack of standardized definitions.

September 23, 2024
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