May 15, 2024
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Command Holdings
BY ADELE PETERS The original story is available here.
The impact investing category of Fast Company’s World Changing Ideas Awards honors funds, social impact bonds, and other investments in changemaking organizations or initiatives that generate societal benefit along with financial return. This year’s winner, United Airlines’s Ventures Sustainable Flight Fund, is supporting startups in the sustainable aviation fuel space. So far, the more than $200 million fund has backed startups working on fuel made from a variety of sources, from algae grown in seawater to agricultural waste. Read more about the winner here, and see all the honorees below.
FINALISTS
Child-Lens Investment Framework, UNICEF USA
Early-stage venture fund for water entrepreneurs, Burnt Island Ventures
Platform enabling people to invest in solar energy projects, Climatize
HONORABLE MENTIONS
Corporate financing strategy to reduce healthcare inequities, Merck
Funding LGBTQ+ entrepreneurs, Chasing Rainbows
Providing a future, beyond hospitality, for generations of Native Americans, Command Holdings, a Pequot Company
Solar investments in the Global South, Renewables.org
Explore the full list of Fast Company’s World Changing Ideas, 281 projects that are making the world more accessible, equitable, and sustainable for everyone. We’ve selected the companies, organizations, and nonprofits making the biggest impact across 50 categories, including architecture, energy, finance, transportation, and more.