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Inclusiv and SaverLife launch collaborative to support climate resiliency for low income communities at U.S. Treasury event

NEW YORK, NY (February 12, 2024) — Inclusiv and SaverLife were honored to attend How the IRA Transforms American Homes hosted by the U.S. Department of the Treasury at the White House to launch a groundbreaking collaborative that will lift up innovative solutions that both address climate change and support the financial well-being of households with low incomes. The event was led by U.S. Department of Treasury Deputy Secretary Wally Adeyemo and Senior Advisor to the President for Clean Energy Innovation and Implementation John Podesta.

The collaborative, Community Finance for Climate Action, launched by Inclusiv and SaverLife, supports low-income households to reduce their energy cost burden, strengthen their financial stability, and increase job, business, and economic opportunity. The collaborative will track the financial impacts of climate change on households living with low incomes and bring their experiences to light; engage with impacted households and those who serve them to identify effective solutions; and generate meaningful engagement and collaboration throughout the financial health field.

“This event is a testament to Treasury’s commitment to effectively mobilize the Inflation Reduction Act and ensure its consumer benefits will help achieve the intended outcomes for the communities most impacted by climate change,” said Neda Arabshahi, SVP, Inclusiv Center for Resiliency and Clean Energy.

“It was an honor to be at the White House today to represent SaverLife and the experiences of our members. The creation of Community Finance for Climate Action will unlock opportunities for collaborations across the financial health field and empower us to take actions that can address the impacts of climate change on the financial health of households across the country,” said Leigh Phillips, President and CEO, SaverLife.

Inclusiv and SaverLife will feature the Community Finance for Climate Action at the Inclusiv Conference 50 on May 7-9 in New York City. Join us to learn how you too can take part in the growing movement to combat climate change and strengthen low-income communities’ financial and climate resilience.

To learn more, please visit the CFCA webpage and

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Neda Arabshahi and Leigh Phillips at the White House


About Inclusiv

Founded in 1974, Inclusiv empowers its member credit unions to advance financial inclusion through advocacy, education, technology, and impact investment. Inclusiv is a certified CDFI intermediary instrumental in driving private and public investment in credit unions to build wealth for individuals, households, businesses, and communities formerly excluded from the financial mainstream.

About SaverLife

SaverLife is a nonprofit and advocacy organization using technology to improve the financial health of people living on low-to-moderate incomes. SaverLife’s work is guided directly by the financial data, personal stories, and life experiences shared by their 650,000+ members across the United States. In 2023, SaverLife launched The Downpour, a major research initiative to examine the financial health impacts of climate change on households with low-incomes.

Contacts

Kyiakhalid Ruiz
Director of Communications, Inclusiv
(212) 809-1850 x210

Leigh Philips
President and CEO
SaverLife
(415) 503-9815

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