Generation Investment Management has launched Just Climate, an investment firm dedicated to climate investing.
Just Climate says climate-led investing is an investment approach that seeks to catalyse timely positive climate impact at scale, while aiming to deliver appropriate risk-adjusted returns. Set up by Generation Investment Management, the new firm will look to invest in companies and projects which have the potential to decarbonise the economy but which are not yet fully served by traditional investment mandates. This includes climate solutions across energy, transport, industry and buildings as well as natural climate solutions, food, agriculture and oceans.
Former U.S. Vice President and Generation Investment Management Chairman Al Gore will chair Just Climate’s Climate Impact Advisory Group. David Blood, Senior Partner of Generation, will be Chairman and Colin le Duc, a founder of Generation, will serve as Vice Chairman. Shaun Kingsbury CBE, formerly CEO of UK Green Investment Bank, has joined as Chief Investment Officer.
Al Gore, Chairman of Generation Investment Management, said: “The sustainable investment industry has grown rapidly in recent years, a welcome development that gives the world a better chance of creating a net zero, prosperous, equitable, healthy and safe society. However, the climate crisis now demands an increase in the speed and scale of our collective actions by accelerating our current efforts and at the same time innovating new climate financing models. As a sector, we urgently need to seriously rethink how capital is allocated in order to deliver real progress toward the net zero commitments we have made. Just Climate aims to prioritise impact, to challenge conventional thinking and to inspire the sort of innovations that are now required for us to overcome the climate challenges ahead of us.”
David Blood, Senior Partner of Generation Investment Management, said: “While significant capital is flowing into climate solutions today, it is not enough nor is it flowing to all of those places that it needs to be. Just Climate has been founded to do the hard yards of addressing the most difficult to decarbonise segments of the global economy that investors have ignored until now. We believe our investments will have the potential to unlock these transition opportunities and mobilise further capital flows from the rest of the market.”