IMPACT Awards 2020

Consultant/advisor of the year and NGO/charity/nonprofit of the year: Climate Policy Initiative

The not-for-profit analysis and advisory Climate Policy Initiative (CPI) had a memorable 2019, as the Global Innovation Lab for Climate Finance that it leads celebrated mobilising more than $2 billion in climate finance since 2014.

The independent, not-for-profit organisation, counts among its funders the governments of the UK, Germany, Netherlands and Australia, the Rockefeller Foundation, and Bloomberg Philanthropies. Allianz, BlackRock, Bank of America Merrill Lynch and Yes Bank are among its members.

The CPI has about 90 analysts and advisors in offices in Brazil, India, Indonesia, Kenya, the UK, and the US. More than 50 of its team members are based in emerging economies.

As well as consulting and analysis, it also helps design and implement financing mechanisms.

This includes managing the Global Innovation Lab for Climate Finance, more commonly known as "The Lab". In December, it reached a milestone of having mobilised $2 billion in climate finance. Its 60 member institutions invested $370 million, while the mechanism catalysed an additional investment of $1.7 billion – multiplying the founders' investment in the Lab secretariat by about four times.

The Lab aims to draw on the expertise in governments, the private sector, and international finance institutions to crowdsource, select, develop, and launch climate finance instruments to drive private investment into climate change action in developing countries. Through the Lab, CPI aims to accelerate these instruments' progress from early concept through to implementation by providing analysis, fundraising, and communications support.

Since 2014, the Lab has launched 41 solutions to drive investment to action on climate change and sustainable development.