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The dog days of August are barking! Earlier this week, the US Senate passed landmark legislation paving the way for the United States’ most significant climate change investment to date. The bill pours $370 billion into the fight against climate change, including tax credits and rebates for electric vehicles, solar panels, and other investments that people and companies across the country can make in a more sustainable future. If all of its elements are enacted as expected, the bill is projected to reduce America’s carbon emissions by 40% by 2030.

 

Impact investors have long known that a clean climate is a good long-term investment. But an important feature of the bill’s investment is that it enlists people all across the country to take action. For anyone who has been eyeing an eco-friendly (and potentially money-saving) upgrade to their house or car, the rebates and credits are largely applied at point-of-sale, making them true relief for those sticking to a budget without having to wait on a faraway tax filing. Take a look at this handy table for a better understanding of how the bill could benefit you, your family, or your business. 

 

As always, there’s still a long way to go. But as the summer draws to a close, this latest update from Washington, D.C. means that innovators, entrepreneurs, and sustainability advocates can start their fall with new opportunities to make an impact. We are looking forward to seeing the progress they will make.
 

Like your regular dose of good news? We’re shifting to a monthly newsletter to bring you a more in-depth look at the catalysts for optimism we’re seeing in impact investing and inclusive entrepreneurship. Look for Breaking Good on the second Friday of each month.

 
 
 
 
FEARLESS FEATURE
 
 
 
 

Kara Robinson Chamberlain is many things — a mother of two, a trained investigator, and an avid gym-goer — but if you consume a lot of true crime content, you might only know her as the survivor of a dramatic kidnapping and assault in 2002. Chamberlain, who was 15 at the time, escaped from her captor and was able to help the police catch him before he could harm anyone else. 

 

Today, on her eponymous TikTok account, Chamberlain shares her perspective on trauma and healing with millions of followers to address an important issue: how survivors like her are represented in the media, from true crime documentaries to Law and Order episodes to police press conferences. “There is no media standard for how victim's stories are told, how they're represented, how they're treated," she explained to People earlier this year. As a result, she’s been asked by producers and reporters to “show more emotion” or even change details in her story for a more sensational effect. “Survivors always need to be able to tell our own story, in our own words,” she emphasized in a recent podcast interview. “It’s our truth and our experiences.”


Along with fellow survivor Elizabeth Smart, she's produced an award-winning documentary and regularly works with detectives, case workers, and other front-line responders to help them engage with survivors in ways that empower without re-traumatizing. That's a case worth cracking. 

 
 
 
 
IMPACT INVESTING
 
 
 
 

Partnering to Fight Inflation With Sustainability

Addressing inflated prices for gas and food generate a sector-defying ripple effect — so it’s no surprise that efforts to address both are bringing in multiple unlikely partners in service of both environmental and socioeconomic goals. To give just one example, a new partnership between Alaska Airlines and Microsoft aims to use carbon capture technology to convert emissions into sustainable jet fuel, lowering energy prices for weary travelers. On the food front, ag giants like Deere and Corteva are investing in climate-resilient farming methods to improve both supply and livelihoods, particularly in drought and flood-plagued areas around the world. 

 
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A Just Transition for ESG

Critiques of ESG might not seem like good news, but Morningstar’s Jon Hale makes a compelling argument that the ongoing conversation is a useful tool to clarify purpose (for both asset owners and managers). Going a step further, the Just Transition Financial Challenge launched a few weeks ago in London, committing to a more integrated and structural approach to impact investing. Their goal? Leveraging the power of their 18 financial institutions representing trillions of dollars in assets to take the conversation beyond climate-only, and looking at the impact of investments on all stakeholders, not just shareholders.
 
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INCLUSIVE ENTREPRENEURSHIP
 
 
 
 

Staying Curious

When founders and leaders nurture curiosity, the result is innovation, diversity, and breakthroughs. That was evident across this year’s lists of Bloomberg New Economy Catalysts, Fast Company and Accenture’s Most Innovative Workplaces, and America’s Best Employers for Women — all of which were dominated by engineers, scientists, and creatives with curiosity baked into their DNA.
 
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A Human-Centered Approach to Justice

Tech entrepreneurs are tackling access to the justice system, a notorious stumbling block for people seeking paths out of cycles of poverty and incarceration. They’re about to get an important boost: Innovations in Justice Tech, a new fellowship program led by Village Capital, the AmFam Institute, and Dream.org, will connect a diverse group of these founders with investors seeking to put their capital into human-centered, tech-driven solutions to navigate the road to justice. These startups complement the growing work of nonprofits like Hope Foundation, which help returning citizens (and their families) reintegrate into society.

 
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BEFORE YOU GO
 
 
 
 

Kicking Back on Climate Change

How many of us literally stand up for the environment? English football (soccer) team Reading FC have incorporated an important message into their new uniforms: “climate stripes,” which show the Earth’s rising temperature, in a bid to get their fans to embrace sustainability. That’s not their only effort, however. The uniforms are made from recycled plastic, the stadium is switching its power sources to clean energy, and the concessions stands are offering more eco-friendly options.
 
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Building a Blue Economy

After two hurricanes decimated the island’s infrastructure in 2017, Puerto Rico knew it was a time for something different. Luckily, they’ve got a big resource in their corner: the ocean. Through a mix of grants and investments, Puerto Rico is rebuilding its economy around the many ways that the deep blue sea supports people and their livelihoods, as well as the planet.
 
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