FOR IMMEDIATE RELEASE
VANCOUVER, CANADA – NOVEMBER 26, 2025 – Deetken Impact, a leading Canadian impact investment firm, is proud to partner with the Government of Canada and announce their CAD$106 million commitment in the new Inclusive Climate Action Fund (ICAF), a USD$300 million blended finance vehicle that will mobilize capital for climate finance companies and projects across Latin America and the Caribbean (LAC).
Announced at the 30th United Nations Climate Change Conference (COP30) in Belém, Brazil by the Honourable Julie Dabrusin, Canada’s Minister of Environment and Climate Change, ICAF will meaningfully contribute to sustainable and climate-resilient economies in LAC through the strategic provision of capital and technical assistance to companies and projects that drive both climate mitigation and adaptation in key sectors such as clean energy, sustainable agriculture and agroforestry, and green finance. The Fund aims to achieve ambitious impacts including reducing, avoiding, or sequestering more than 5 million tonnes of CO₂ emissions and expanding access to climate solutions for 1 million beneficiaries, while ultimately mobilizing more than USD$1.2 billion in additional private and institutional capital.
“We are delighted to partner with the Government of Canada to catalyze inclusive climate investments in Latin America and the Caribbean. Investments that will support the adoption of technologies and solutions that will enable businesses and their stakeholders not only to reduce their carbon emissions but also to increase their resilience to climate events that are becoming stronger and happening with more frequency.”
Grounded in Deetken Impact’s decades-long track record of managing high-performing impact funds across 17 countries, ICAF’s blended finance structure combines market-rate and concessional capital to deliver competitive financial returns alongside measurable environmental and social impact. At least 50% of beneficiaries will be women, reflecting the Fund’s commitment to gender equity and inclusive growth. The Fund will be supported by a technical assistance facility to de-risk investment opportunities, accompany pipeline companies to achieve investment readiness, and expand climate and gender outcomes through tailored engagement and impact management.
“Our investment in Deetken Impact’s Inclusive Climate Action Fund reflects Canada’s commitment to advancing climate action and inclusive economic growth not only at home, but also in regions where climate risk is highest, like in Latin America and the Caribbean. Canada’s contribution demonstrates our belief that when governments, investors, entrepreneurs, and local communities work together, we can accelerate the transition to a more sustainable, equitable future for all.”
Deetken Impact is uniquely positioned to increase the availability of financing to outstanding gender-responsive climate solutions in LAC, with a gender-balanced team of investment and impact professionals located in six countries, and a combination of deep expertise with a strong commitment to advancing climate action. By leveraging our strategic advantages, we will continue to meaningfully advance both sustainable and inclusive development across the region.
“The Inclusive Climate Action Fund is a compelling opportunity for investors to access attractive investment opportunities in exceptional businesses that are confronting climate change with innovative, market-based solutions. Canada’s commitment to participate in the fund as a concessional capital provider is a major milestone in our shared ambition to bridge the climate finance gap in Latin America and the Caribbean and support sustainable and climate resilient development across the region.”
For more information about the Inclusive Climate Action Fund, visit www.deetkenimpact.com.
About Deetken Impact
Deetken Impact is a Canadian impact asset manager that generates strong financial returns while creating lasting social and environmental impact in Latin America and the Caribbean. Through our family of funds, we invest in companies and projects that advance climate action, women’s empowerment, reduce inequalities and promote sustainability. With a balanced and diverse team of seasoned investment professionals across the Americas, Deetken Impact has invested in more than 60 companies operating in clean energy, financial inclusion, agriculture, housing and other sectors and also manages pioneering technical assistance programs to maximize positive social, environmental, and gender outcomes. Deetken Impact is a registered investment fund manager with Canadian securities commissions and an Impact Assets 50 Emeritus manager.
About Global Affairs Canada
Global Affairs Canada (GAC) defines, shapes and advances Canada’s interests and values in a complex global environment. GAC manages diplomatic relations, promotes international trade and provides consular assistance. GAC leads international development, humanitarian, and peace and security assistance efforts. GAC also contributes to national security and the development of international law.
Media Contacts:
Heather van Mil
Marketing and Communications, Deetken Impact
hvanmil@deetkenimpact.com
Media Relations Office
Global Affairs Canada
media@international.gc.ca
# # #
