Impact asset manager ResponsAbility Investments has expanded its Asia Climate Strategy ( ACS ) to over US$350 million during its third closing and with this latest fundraising, the strategy, which is aimed at advancing investments in low-emission solutions across Asia, moves closer to its US$500 million target.

The ASC focuses on renewable energy, battery storage, energy efficiency, e-mobility and the circular economy, with the potential to save approximately 16 million tonnes of carbon dioxide ( CO2 ) over the lifetime of its assets.

A rigorous climate impact assessment and monitoring framework underpins the strategy, the asset manager says, ensuring transparency and accountability for measurable climate impact.

ResponsAbility, founded in 2003 and is part of the M&G asset manager group, specializes in impact investments across financial inclusion, climate finance and sustainable food. The firm has deployed over US$16.3 billion in impact investments across 70 countries and currently manages US$5.4 billion in assets.

The strategy has attracted significant private sector interest, with more than half of the commitments, over US$200 million, coming from private investors. Public and development finance institutions have contributed US$154 million, demonstrating the success of the strategy’s blended finance model in mobilizing diverse funding sources for impactful climate solutions.

Asia, which is responsible for over 50% of global CO2 emissions and facing surging energy demand by 2050, is a critical region for global climate action. The impact asset manager says its initiative addresses this challenge with targeted investments in sustainable technologies and infrastructure.

Earlier this month, the company agreed to invest up to US$20 million in Euler Motors, one of India’s top five electric commercial vehicle manufacturers. Euler’s electric vehicles, including the HiLoad and Storm models, have collectively reduced CO2 emissions by over 20,000 tonnes, supporting sustainable urban transport and advancing decarbonization in Asia.

“Financing the energy transition in emerging markets like Asia requires close collaboration between public actors and the private sector,” notes Stephanie Bilo, ResponsAbility Investments’ chief client and investment solutions officer. “Our blended finance structure provides institutional investors with attractive, risk-adjusted opportunities while contributing significantly to decarbonizing the region.”