“Re-Cycle” Impact Investment Fund — Mongolia’s First of Its Kind is launched.
“Re-Cycle” Impact Investment Fund — Mongolia’s First of Its Kind is launched.
AmCham Mongolia is pleased share the announcement of a collaboration between two of our members, Rio Tinto and InvesCore. Over the past 5 years, Mongolia has produced 3.5 million tons of waste — that’s about a 30% increase. Of that, roughly 73.1% is buried in landfills, 6.1% is incinerated, and only about 4% is recycled, despite there being over 70 recycling plants. Landfilling and burning not only degrade soil, water, and air, but also upset ecological balance. In just its second year, Re-Cycle has invested in innovative projects. Unlike traditional funds that focus solely on profit, impact funds like Re-Cycle prioritize measurable positive change alongside financial return, aligning Mongolia with a global movement now managing over USD 1.57 trillion worldwide.
Founded in 2023 by Rio Tinto Mongolia and Invescore Financial Group, the Re-Cycle fund is Mongolia’s first impact investment fund. Its mission:
• To support businesses that recycle waste,
• To turn waste into economic resources,
• To generate positive environmental and social impact, and financial returns.
By financing businesses that reduce pollution, conserve resources, and create green jobs, Re-Cycle is helping Mongolia build a cleaner, more sustainable economy.