AXA IM Alts acquires ClimateSeed

AXA IM Alts, the alternative investments arm of AXA Investment Management, has acquired ClimateSeed, the voluntary carbon off-setting platform.

The investment in ClimateSeed has been made through the firm’s Impact Investing Strategy. Launched in 2018, ClimateSeed acts as an innovative marketplace, connecting businesses seeking to offset their carbon emissions with project developers offering carbon reduction projects with high environmental and social benefits. ClimateSeed’s portfolio includes 36 projects in 24 countries with an aggregated capacity of over four million verified carbon credits.

Antoine Sire, Head of Company Engagement at BNP Paribas, said: “We are very proud to have developed strong and innovative platforms for the voluntary carbon offsetting markets. AXA IM will now support ClimateSeed through the next stage of its development. BNP Paribas is as engaged as ever in its fight against climate change and continues to propose ClimateSeed through its network while developing its first-class carbon offsetting solutions for its corporate and institutional clients.”

Sebastien Nunes, CEO of ClimateSeed, said: “We recognise the importance of carbon reduction projects as a key role in fighting climate change in line with the IPCC ambitions and reaching global carbon neutrality. We are honoured to take part in this new development phase for ClimateSeed with AXA IM and are very thankful to BNP Paribas for believing in us as well as their continued support. We have the ambition to generate the maximum number of positive social, environmental impacts that can benefit the climate, biodiversity, and local communities. This decade is crucial to restore the planet and reverse climate change.”