LOADING

Type to search

Al Gore’s Generation Investment launches $1.7 bln fund

Al Gore’s Generation Investment launches $1.7 bln fund

An investment group chaired by former U.S. Vice President Al Gore on Wednesday launched a $1.7 billion fund to take minority stakes in private companies focused on what it called a sustainable future.

Generation Investment, co-founded by Gore, said it has $36 billion under management in private- and public-company funds that focus on investments with strong environmental, social and governance (ESG) records.

Investments in private companies by other Generation funds include work management platform Asana, used iPhone and gadget marketplace Back Market and digital freight network Convoy.

See related article: President Biden and U.S. Transportation Secretary Pete Buttigieg Announce Availability of $1 Billion for Local Communities to Ensure Safe Streets and Roads for All, Address National Roadway Safety Crisis

Private capital sources have been a focus of many ESG-focused startups, while some fund executives have expressed concerns that assets in private hands can be exempt from disclosure requirements such as on carbon emissions under development by securities regulators.

Generation said that private portfolio companies in its previous Sustainable Solutions Fund III disclose direct and indirect carbon emissions.

Reporting by Peter Henderson in San Francisco Editing by Matthew Lewis

Source: Reuters

Topics

Related Articles

Leave a Comment

Your email address will not be published. Required fields are marked *

LOADING

Type to search

Blog

Integrity Council Approves New Carbon Removal Standards
Jane Goodall, Trailblazing Primate Expert and Conservationist, Passes at 91
Hong Kong Expands $31B Green Bond Program to Fund Climate Projects
EU Postpones Sustainability Reporting Rules for Non-EU Companies
Asia-Pacific Leaders at UN Global Compact Roundtable Push Sustainability
Luxury Clients Shift Toward Quality, Pre-Owned, and Sustainable Goods, EY Survey Finds
Nuveen Takes Majority Stake in Ally Energy Solutions to Accelerate U.S. Decarbonization
TotalEnergies Sells 50% Stake in $1.25B North American Solar Portfolio to KKR
ExxonMobil Secures Contract to Store AtmosClear’s Biomass CO₂ in Louisiana
SBTi Launches First Global Register of Certified Target-Setting Experts
Norges Bank Commits $1.5 Billion to Brookfield’s Global Transition Fund II
Indonesia’s Sovereign Fund Moves Ahead With Waste-to-Energy Buildout
EU Council Approves Simplification of Carbon Border Adjustment Mechanism
EIB Adopts Phase Two of Climate Bank Roadmap, Doubles Adaptation Finance to $32B
Image of official Toronto Climate Week logo nad icon in reverse white text over blue background
PwC Survey Finds Rising Pressure and Value in Corporate Sustainability Reporting
IBM Launches API to Embed Emissions Data into Corporate and Vendor Tools
Founder Group to Build $2.76B Solar and Storage Complex in Sarawak
Germany Delivers Nearly $14 Billion in Climate Finance for 2024
","session_id":"ep-sess-1760730172-0sE9V2zy","page_url":"https:\/\/esgnews.com\/al-gores-generation-investment-launches-1-7-bln-fund\/","post_id":"11822","tracking_enabled":"1","original_referrer":"","has_embedded_content":""}; /* ]]> */