Align

Finally, we invest indirectly into private equity solutions to “align” to the climate transition. This means investing in emerging climate technologies that are being developed to help speed the transition.

Clean Growth Fund

Launched in 2020, the Clean Growth Fund invests in early-stage UK clean technology companies focused on driving low carbon growth. It aims to commercialise clean growth technologies, create UK jobs, and help achieve net zero by 2050. CGF is a top-ranked B Corporation in equity investing.

Recent investments include Rendesco, a leading domestic clean heat developer. Rendesco designs, installs, and operates low-carbon heat networks using ground source solutions. Their business model includes Design and Build, Operations and Maintenance, and developing Home Energy Services. They offer a fully funded Heat-as-a-Service through an infrastructure funding partnership.

Other key investments are Carbon Re, which uses AI to optimise processes in the cement, steel, and glass industries to improve energy efficiency and reduce emissions, and Above Surveying, which provides services to solar PV plants, including construction monitoring and fault analysis through high-resolution imagery.

MOF Technologies is developing Nuada, an energy-efficient CO_² capture process using metal organic frameworks, potentially reducing energy consumption by 80% compared to traditional methods.

80%

energy consumption reduction due to an energy-efficient CO_² capture process using metal organic frameworks

Decarbonisation Partners

Decarbonization Partners aims to invest in companies that provide solutions and technologies that accelerate global efforts to achieve a net zero global economy by 2050 while seeking to achieve long-term capital growth on its investments.

Recent prominent investments by the fund include Neustark AG, a Swiss company revolutionizing carbon dioxide logistics and sequestration. Neustark helps small-scale biogenic CO₂ emitters and concrete recyclers monetize waste streams and increase profitability.

Their systems mineralize CO₂ in recycled concrete aggregate (RCA), permanently sequestering it and generating carbon dioxide removal (CDR) credits. Neustark has sold 49 CO₂ mineralization systems and over 120,000 tons of CDR credits, with deliveries scheduled between 2024 and 2035. Their mission to remove one million tons of CO₂ by 2030 aligns with the Fund’s strategy of achieving significant decarbonization outcomes.

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Ascend Elements Inc., founded in 2015, manufactures advanced battery materials from reclaimed metals in spent lithium-ion batteries. Their patented Hydro-to-Cathode process converts battery scrap into cathode active material (CAM) and its precursor (pCAM), matching the quality of virgin materials while reducing costs and emissions.

Carbon Direct Inc. is a science-based carbon management platform with a team of over 40 climate scientists. They advise corporations on decarbonisation, partner with high-quality carbon credit projects, and provide software for carbon credit transactions. Recently, Carbon Direct created a custom carbon credit portfolio for Gates Ventures, featuring high-durability credits like Direct Air Capture and BECCS, with ongoing monitoring and support.

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Fifth Wall

Established in 2016, Fifth Wall stands as the foremost asset manager dedicated to enhancing, future-proofing, and decarbonizing the built environment. With approximately $3 billion in assets under management, Fifth Wall is supported by a diverse coalition of over 110 strategic limited partners from more than 20 countries.

This includes prominent names such as BNP Paribas Real Estate, British Land, CBRE, Cushman & Wakefield, Hilton, Hines, Host Hotels & Resorts, Kimco Realty Corporation, Lennar, Marriott International, MetLife Investment Management, MGM Resorts, Related Companies, Starwood Capital, and Toll Brothers. This extensive network forms one of the largest assemblies of potential collaborators within the global built environment ecosystem, fostering transformative investments and partnerships with portfolio companies to reduce emissions, enhance efficiency, and maximize returns.

Over the past four years, Fifth Wall has channelled $500 million through its two climate funds into companies that significantly contribute to future avoided emissions, driving the decarbonization of the built environment.

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Certified as a B Corporation since 2020, Fifth Wall reaffirmed its commitment to high standards of social and environmental performance, accountability, and transparency with its recertification in 2023. The firm integrates considerations for employees, customers, suppliers, community, and the environment into its decision-making processes.

Among its notable recent investments is Turntide, a company renowned for developing the world’s most reliable, efficient, and intelligent motor systems. Turntide’s switched reluctance motor technology offers a cost-effective alternative to conventional motors.

When paired with IoT building automation technology, it achieves optimal efficiency. Turntide’s Smart Motor System, available in various form factors up to 15 HP, supports sustainability goals, reduces costs, and minimizes maintenance needs.

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