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Global Innovation Lab for Climate Finance Surpasses 100-Member Organizations – CPI

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Global Innovation Lab for Climate Finance Surpasses 100-Member Organizations – CPI

The Global Innovation Lab for Climate Finance (the Lab) proudly announces a significant expansion in its membership. Over 100 distinguished public and private organizations are now joining forces to accelerate climate finance innovation and drive private investments in emerging markets.

The Lab’s membership has skyrocketed nearly fourfold in 10 years, from 29 organizations at the inaugural Lab meeting in 2014 to 110 global and regional members today. Over the years, the Lab has seen a steady rise in private sector participation, with private members now making up 55% of the total, compared to 41% in 2014.

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This growth follows the Lab’s successful launch of regional programs in the Philippines and Latin America and the Caribbean. New regional panel members from these areas join a growing network of experts across existing programs in Brazil, East and Southern Africa, and India. Additionally, the Lab welcomes new global members, strengthening its ability to identify and develop transformative financial instruments.

“We need to see bold ideas come forward and support the teams who pursue them. As a new global member, we are very happy to have supported the selection process of the Lab’s 10th cohort and to contribute to developing these outstanding teams and endeavors. The collaborative spirit among members points to a powerful force for tackling climate challenges,” said Elvira Lefting, Managing Director at Finance in Motion.

A substantial portion of the Lab’s portfolio mobilization figures, which now exceed USD 4 billion, is a result of direct investments from its diverse membership and broader network. The Lab continues to unlock new opportunities through collaborative efforts and scale up impactful climate finance initiatives globally.

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“The Lab’s membership is the core driver of the Lab’s success. Our member institutions bring a wealth of expertise, dedicated support, and financial capital to the table, amplifying the Lab’s capacity to catalyze sustainable investments in emerging markets,” said Ben Broché, Climate Policy Initiative’s Associate Director, who leads the Lab’s efforts.

About the Lab

The Global Innovation Lab for Climate Finance identifies, develops, and launches innovative finance instruments that can drive billions in private investment to action on climate change and sustainable development. Bloomberg Philanthropies, the United Nations Development Programme, and the governments of Canada, Germany, the United Kingdom, and the United States fund the Lab’s 2024 programs. Climate Policy Initiative serves as the Secretariat and analytical provider.

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For media inquiries or further information, please contact:

Júlio Lubianco
Communications Manager
julio.lubianco@cpiglobal.org

Sam Goodman
Communications Associate
sam.goodman@cpiglobal.org

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Finance

State aims to reclaim $850K from campaign finance vendor

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State aims to reclaim 0K from campaign finance vendor

OKLAHOMA CITY (KFOR) — The state is now looking to recoup around $850,000 from a company they said didn’t meet deadlines to create a campaign finance website.

It’s The Guardian and was supposed to be up and running in October, but that didn’t happen. The Guardian is the name of the state’s online campaign finance reporting system.

“They were unable to deliver a compliant system,” said Ethics Commission Executive Director Leeanne Bruce Boone during their meeting on Friday.

The company at the center of it all is RFD and Associates, based in Austin, Texas. They were hired in December 2024 to begin the project of creating The Guardian 2.0.

The previous company, according to the commission, was with Civix. However, problems arose between the state and that company, so they had to shift and find a new vendor.

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The commission appropriated around $2.2 million for the endeavor.

Months went by, and according to the commission’s timeline, deadlines were missed altogether.

Dates in June were missed, and in August, the company received a warning from the Ethics Commission. The Office of Management and Enterprise Services (OMES) had to get involved in October and conduct an independent technical assessment.

The October date was proposed by the company, but it wasn’t met. In November, a formal notice of system failures and vendor non-compliance was noted.

“None of the milestones were met,” said Bruce Boone during the meeting. “Extensive corrective steps over many months. Written warnings were sent.”

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At the Friday meeting, the commission voted to cut the contract with the company, and a contract with the previous one was then sent out.

“Terminate the contract and proceed with legal action,” said Bruce Boone.

Bruce Boone said that in total $850,000 was actually spent throughout this process on RFD. The new contract with Civix, she said, is estimated to cost over $230,000 and should last for three years. The effort is needed ahead of the 2026 election.

Now the commission has decided to bring in the Attorney General’s Office to see if they can get the money back.

“I take very seriously my role to ensure that taxpayer dollars are spent fairly and appropriately,” AG Drummond said in a statement. “My office stands ready to take legal action to recover damages, hold those responsible accountable, and work with the Ethics Commission to ensure the public has a reliable means to access campaign finance reports.”

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News 4 attempted to get a statement out of the Chief Operating Officer of RFD and Associates, who had been in the meeting but quickly left after the commission voted.

“No comment,” said COO Scott Glover.

What would you say to taxpayers about that?

In response, he said, “I don’t agree with the ethics commission’s decision. That’s all I have to say.”

The Guardian had been delayed by several months, but the commission did respond appropriately and timely manner to requests made for documents.

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The Guardian was back online Friday afternoon.

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Finance

One.funding and MV Commercial launch MV Asset Finance

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One.funding and MV Commercial launch MV Asset Finance

One.funding has partnered with UK-based MV Commercial to introduce MV Asset Finance, which offers an alternative method for MV Commercial’s customers to secure finance, according to a LinkedIn post.

In developing MV Asset Finance, representatives from One.funding worked closely with MV Commercial’s team to better understand business priorities and the requirements of their customer base.

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According to the post, the service aims to remove friction, ensure complete transparency, and enable a seamless process from initial engagement to completion by integrating support within MV Commercial’s operations and presenting it under their brand.

MV Commercial supplies fleet solutions for vehicles within the UK.

The company’s offerings include trucks, trailers, and light commercial vehicles that are available for sale, rental, or contract hire.

Its current rental and Ready to Go fleets consist of 2,000 specialist trucks, vans, and trailers across various depots in Airdrie, Grantham, Livingston, Oxford, Haydock, and London Luton.

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One.funding CEO Lee Schofield said: “At One.funding, we’ve 20 years of experience in building point-of-sale finance that fits naturally into how businesses sell. MV Asset Finance shows what’s possible when that experience is embedded into the MV Commercial journey, making it easier for their customers to keep moving and keep growing.”

A recent example involved AMK Plant & Tipper Hire, which added a DAF FAD XD450 Construction eight-by-four tipper truck to its fleet, the company’s first DAF tipper purchase.

The transaction was finalised in three weeks; MV Commercial supplied the vehicle while financing was arranged through the newly launched MV Asset Finance framework.

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Finance

RFSD board approves financial assurances, reviews annual audit

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RFSD board approves financial assurances, reviews annual audit

The Roaring Fork School District Board of Education approved its annual financial accreditation assurances and reviewed the district’s 2024-25 audited financial statements during its meeting on Wednesday, according to a district news release.

The audit, presented by McMahan and Associates, found the district’s overall financial position to be stable and identified areas for continued improvement in internal controls and financial processes. The district’s General Fund balance remains above minimum levels required by board policy.

Chief Financial Officer Christy Chicoine said the audit reflects progress following prior concerns identified in earlier reviews.



“We have made significant improvements compared to the prior year’s audit as a Finance Department, and I am grateful for the finance team’s commitment towards those improvements as demonstrated in this audit,” Chicoine said. “While we still have work to do to continue to sustain and enhance the district’s fiscal management, the audit report indicates we are clearly headed in the right direction.”

Superintendent Anna Cole said the findings validate work undertaken over the past two years to rebuild internal systems and improve transparency.

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“Over the past two years, our teams have worked diligently and transparently to rebuild internal financial systems that left the district at risk,” Cole said. “The outcomes of this audit are evidence that we are on track.”

Cole said the timing of the audit is significant as the district begins developing its budget for the 2026-27 school year and faces mounting external pressures.

“We couldn’t have stabilized internal systems at a better time,” she said. “As we begin the budgeting process for the 26/27 school year, we face external challenges like declining enrollment, instability of state and federal funding, and a rising cost of living that is outpacing staff and teacher salaries. This audit is an important confirmation that our finances are in order as we prepare to navigate oncoming challenges.”

Board President Lindsay DeFrates said the board is better positioned to plan ahead following the audit’s conclusions.

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“We are grateful for the leadership of Chief Chicoine and the hard work of the district finance and human resources teams,” DeFrates said. “We are now in a much better place financially and will move forward with clarity, transparency and accountability, able to better navigate the challenges to come.”

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