WaterEquity, an asset manager focused on financing water and sanitation solutions in emerging markets, has raised over $100 million for its Water & Climate Resilience Fund.

This private investment initiative aims to enhance access to safe water and sanitation for 15 million people across Africa, Asia and Latin America.

The Fund has attracted notable investors, including Microsoft, which serves as the anchor investor through its Climate Innovation Fund, along with strategic contributions from Starbucks, Xylem, Ecolab, Reckitt and Gap Inc.

This coalition of corporate, foundation and institutional investors underscores a growing recognition of the critical intersection between water management, climate resilience and sustainable development.

"Water is at the core of every major global challenge we face today," said Matt Damon, co-founder of WaterEquity and Water.org. "Investing in water infrastructure is one of the most powerful ways we can create a brighter, more sustainable future for everyone."

The World Bank estimates that investments in water and sanitation must quadruple to meet Sustainable Development Goal 6, which seeks universal access to clean water and sanitation.

As climate change exacerbates water scarcity – through increased storms, floods, and droughts – vulnerable populations face heightened risks. This Fund represents a pivotal moment for collective action in addressing these urgent challenges.

Paul O’Connell, president and CEO of WaterEquity, added: "By bringing together a diverse group of committed partners, we are directly addressing the need for water and sanitation solutions in communities vulnerable to climate change impacts."

The Water & Climate Resilience Fund plans to deploy equity and debt capital across various projects in the water value chain, including bulk water supply, distribution, wastewater treatment, and reuse.

One of the initial investments is expected to target a growth company in India specialising in innovative freshwater management solutions, particularly a patented rainwater harvesting system.

This initiative aims to mitigate water scarcity and recharge aquifers in a nation that faces significant water stress, with only 4% of the world's water resources available for 18% of the global population.

Marlene Hormes, chief investment officer at WaterEquity, noted: "Our investments in climate-resilient water infrastructure are not just intended to meet immediate needs but also to build long-term resilience for millions in low-income populations".

This initiative aligns with a broader strategy to mobilise private capital for climate-resilient water and sanitation infrastructure, ultimately aiming to provide sustainable access to water and sanitation for 100 million people. WaterEquity's previous impact funds have already improved access for over 6.2 million individuals since its inception in 2016.

#WaterEquity #watermanagement #sustainability #climatechange