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Weekly update from PND

By PND
October 15, 2021

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A weekly update with the latest news from PND

Fifth Third Bank to invest $180 million in neighborhood revitalization
October 14, 2021
Fifth Third Bank and Enterprise Community Partners have announced a three-year, $180 million neighborhood revitalization program in majority-Black communities within Fifth Third's footprint that have experienced disinvestment.

The Fifth Third Neighborhood Investment Program will support organizations that create cross-sector partnerships to serve nine neighborhoods in seven states.
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U.S. nonprofit sector uneven in impact and recovery, report finds
October 14, 2021
While nonprofits have contributed significantly to U.S. society and economy in the face of the COVID-19 pandemic, the health of the sector is uneven in both impact and recovery, a new report from Independent Sector finds.

Based on aggregated survey and research data from multiple sources in four categories—financial resources, human capital, governance and trust, and public policy and advocacy—the second edition of the Health of the U.S. Nonprofit Sector (43 pages, PDF) found that the impact of the COVID-19 pandemic varied by subsector and organization size, with arts organizations and those that rely on fees for service hit especially hard.
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Twenty funders pledge $223 million for methane emissions reduction
October 12, 2021
Twenty philanthropies have announced a commitment to invest more than $223 million collectively in efforts to drastically reduce global methane emissions, which is the second largest contributor to global warming after carbon dioxide.

According to the foundations, reducing methane emissions is the single most effective way to slow global temperature rise; an International Energy Forum report found that at least 25 percent of global warming currently is driven by methane from human actions, the heaviest emitters being the oil and gas industry, livestock, and landfills.
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Technology platform designed to streamline ESG reporting launched
October 12, 2021
The Ford Foundation, S&P Global, Hamilton Lane and Omidyar Network have announced the launch of Novata, a public benefit corporation and technology platform built to provide the private markets ecosystem, including private equity firms, with intuitive and effective Environmental, Social Good and Corporate Governance (ESG) measurement, data collection, and benchmarking.
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Tags: environment; Nonprofits and the economy; Equity