HSBC Global Asset Management and Pollination Group have partnered to create HSBC Pollination Climate Asset Management.

The joint venture between HSBC GAM and Pollination Group, a specialist climate change advisory and investment firm, will aim to create the world’s largest natural capital manager. The firm will offer investors exposure to global natural capital themes in both emerging and developed markets including sustainable forestry, regenerative and sustainable agriculture, water supply, blue carbon, nature based bio-fuels, or nature based projects that generate returns from reducing greenhouse emissions.

The first fund, which aims to launch mid next year, will look to raise up to USD1 billion followed by a carbon credit fund at up to USD2 billion.