We focus on multiple layers of impact, particularly with an emphasis on environmental equity, in order to make a bigger impact per dollar granted or invested.
Environmental equity has been a particular focus for us as we seek projects and investments with multiple layers of impact. Low-income and marginalized communities have historically been exposed to more pollution and environmental degradation while also not often having the resources to benefit from clean technology.
Clean technology is often safer, less polluting, and leads to cost-savings, but requires a steep initial investment. Electric vehicles are cheaper to operate, have lower maintenance costs, and don’t create tailpipe emissions, but they can be expensive to purchase. Rooftop solar similarly leads to energy savings over time, but can be cost-prohibitive and is not available for most of those who live in multifamily housing. Trees, green spaces, and parks sequester carbon, clean the air, have a cooling effect, and contribute to safer and more beautiful neighborhoods. However, low-income areas of virtually all cities have fewer trees and parks.
The list goes on: energy-saving appliances, gas-free appliances, clean and affordable mobility options… all are under-represented in the low-income neighborhoods that arguable stand to benefit the most. When we invest in projects that increase the use of renewable energy and decrease emissions while at the same time benefiting low-income families or marginalized communities, we’re able to create multiple layers of impact.