Ulupono Initiative is a Hawai‘i-based and -focused[3] organization that uses impact investing,[4] non-profit grant-making, and advocacy[3] with the stated goals of "increasing the amount of locally produced food, renewable energy and clean transportation, and improving water and waste management.

[5] Ulupono has conducted for-profit investments in areas including solar energy,[6] biofuels,[7] electric vehicle charging networks,[8] expanded local agriculture such as re-establishing homegrown dairy[9] and grass-fed beef industries,[10] and waste reduction projects.

[14] Ulupono advocated a Hawai‘i state constitutional amendment to allow farmers, ranchers and owners of other agricultural endeavors to request special purpose revenue bonds (SPRB).

[16] Honolulu-based Ulupono received $875,000 in state tax credits under a 2008 law that created incentives for landowners to preserve prime farmland for agricultural use in perpetuity.

Ulupono said in a written statement that it is disappointed that Hawaii Dairy Farms didn’t succeed but that the tax credit program provided an incentive to take on risk with the project it estimated would cost $17.5 million.

[33] In March 2017, JLL released a report commissioned by Ulupono claiming that the Honolulu Authority for Rapid Transportation (HART) could save up to $570 million on construction of the Skyline rail system by working with private contractors.