STARX Capital Markets Launches $100 Million Sustainable Futures Fund to Combat Climate Change

The STARX Sustainable Futures Fund's Kenyan solar farm will serve 100,000, reducing diesel use and fostering local education and jobs.

The STARX Sustainable Futures Fund supports a Kenyan solar farm for 100,000 people, reducing diesel use. It also funds education and job creation locally.
One of the standout projects backed by the STARX Sustainable Futures Fund is a solar farm in Kenya, which aims to bring affordable and clean energy to over 100,000 people in rural areas. The solar farm, expected to be operational by the end of 2024, will significantly reduce reliance on diesel-powered generators, cutting down on harmful emissions and providing a more sustainable energy source for communities in the region. Robert Herro, who visited the project site in July, described it as "a blueprint for the kind of positive impact we want to replicate globally."

In addition to supporting clean energy initiatives, STARX has also committed a portion of the fund to education and job creation in these regions. The company is working with local universities and vocational schools to train the next generation of engineers and energy professionals. Through these educational partnerships, STARX aims to build local capacity and ensure that the benefits of clean energy development extend beyond the immediate economic impact of the projects.

During an event in Cape Town in August, 2024, Robert Herro discussed the broader vision behind STARX’s sustainability initiatives. "Sustainability is not just about addressing environmental issues. It's also about creating economic opportunities and improving quality of life for people in these regions. By investing in clean energy, we’re not only helping to reduce carbon emissions but also fostering long-term growth and stability," he said.

The STARX Sustainable Futures Fund is part of the company's broader commitment to environmental, social, and governance (ESG) principles. Over the past few years, STARX has increasingly integrated ESG criteria into its investment strategy, recognizing that socially responsible investments are not just good for the planet—they also make good financial sense. "We’ve seen a growing demand from our clients for investment opportunities that align with their values," Robert Herro noted. "The STARX Sustainable Futures Fund allows us to meet that demand while also contributing to a cause that we deeply believe in."

"Our vision is to build a comprehensive investment platform that addresses the key environmental challenges of our time while delivering strong returns to our investors." Robert Herro explained.

Robert Herro and the team at STARX are already planning to expand the fund's reach. By the end of 2025, the company aims to increase the fund's size to $500 million and extend its focus to additional sustainability sectors, including water management, sustainable agriculture, and green transportation. "This is just the beginning," Robert Herro said. "Our vision is to build a comprehensive investment platform that addresses the key environmental challenges of our time while delivering strong returns to our investors."

While STARX is making waves with its financial contributions to sustainability, the company is also taking steps to reduce its own carbon footprint. As of August 2024, STARX has pledged to become carbon neutral by 2030, an ambitious goal that will involve transitioning to renewable energy across its global offices and implementing more sustainable business practices throughout its operations. The company has already begun installing solar panels at its New York headquarters and has partnered with various green tech companies to integrate energy-efficient systems in its offices around the world.