HSBC Global Asset Management Limited and Pollination Group
Holdings Limited, the specialist climate change advisory and
investment firm, announced that they have entered into a joint
venture agreement to establish HSBC Pollination Climate Asset
Management – subject to regulatory approval. The partnership will
aim to create the world’s largest natural capital manager and is
the first large-scale venture to mainstream natural capital as an
asset class. Industry veteran, Christof Kutscher, will be named
Executive Chairman of the joint venture.
HSBC Global Asset Management and Pollination will both provide
resources to the planned joint venture and it will operate
independently. Through the creation of private investment
opportunities HSBC Pollination Climate Asset Management aims to
offer investors a wide exposure to global natural capital themes in
both emerging and developed markets. The partnership will also
provide stewardship and evaluation of the investments, enabling
investors to quantitatively measure impact.
The proposed group of strategies will aim to attract capital
from institutional investors, including sovereign wealth funds,
pension funds and insurers into natural capital investments. The
first strategy, which aims to launch mid next year, will look to
raise up to USD1 billion followed by a carbon credit strategy at up
to USD2 billion. HSBC intends to become a cornerstone investor in
the first strategy. The strategies will invest in a diverse range
of projects that will preserve, protect and enhance nature over the
long-term.
Sustainable investment in natural capital provides exposure to
projects focused on nature including sustainable forestry,
regenerative and sustainable agriculture, water supply, blue carbon
(carbon captured by oceans and coastal ecosystems), nature based
bio-fuels, or nature based projects that generate returns from
reducing greenhouse emissions.
Martijn Wilder AM, Co-founding Partner, Pollination said:
“To reach the goals set in the Paris Agreement we need to originate
and fund new approaches that protect nature, at scale. In a global
economy that is on a path to rapid decarbonisation, we regularly
hear from investors and organisations looking for investment
opportunities that will mitigate long-term climate risk. In natural
capital, we’re accelerating investment in an asset class that can
help combat climate change and build biodiversity, whilst also
generating long-term returns for institutional investors. Investing
in the resilience of nature is investing in the resilience of the
economy. Nature is the most fertile investment we have.”
Nicolas Moreau, Global CEO, HSBC Global Asset Management,
said: “Clients are increasingly focused on environmental matters
and this initiative is designed to help them achieve a financial
return, while at the same time creating a positive impact on the
world’s biodiversity which will be felt for generations to come.
Through solutions such as this, we’re helping clients achieve their
long-term investment objectives, while meeting their increasing
demand to actively contribute to a more sustainable world.”
Sustainable investing represents a growing need and has
demonstrated continued growth in recent years, with capital
invested in sustainable infrastructure projects increasing by about
3 times (from 2010 to 2018) to ca. USD31tn globally.1 This
announcement follows soon after HSBC Global Asset Management
announcing its private investor close for its emerging market HSBC
Real Economy Green Investment Opportunity GEM Bond Fund in
partnership with the IFC, part of the World Bank.
[1] - Global Sustainable Investment Alliance – ‘2018 Global
Sustainable Investment Review”
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enter into, the purchase or sale of any security or fund. Any views
expressed are subject to change at any time.
This document is not intended for distribution to or use by any
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exchange may also cause the value of such investments to fluctuate.
Investments in emerging markets are by their nature higher risk and
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markets.
Approved by and issued by HSBC Global Asset Management.
HSBC Global Asset Management
HSBC Global Asset Management should be referred to in full at
all times to avoid confusion with any other financial services
firms.
HSBC Global Asset Management, the investment management business
of the HSBC Group, invests on behalf of HSBC’s worldwide customer
base of retail and private clients, intermediaries, corporates and
institutions through both segregated accounts and pooled funds.
HSBC Global Asset Management connects HSBC’s clients with
investment opportunities around the world through an international
network of offices in 25 countries and territories, delivering
global capabilities with local market insight. As at 30 June 2020,
HSBC Global Asset Management managed assets totaling US$525bn on
behalf of its clients. For more information, see
www.global.assetmanagement.hsbc.com.
HSBC Global Asset Management is the marketing name for the asset
management businesses of HSBC Holdings plc.
The HSBC Group
HSBC Holdings plc
HSBC Holdings plc, the parent company of the HSBC Group, is
headquartered in London. HSBC serves customers worldwide from
offices in 64 countries and territories in our geographical
regions: Europe, Asia, North America, Latin America, and Middle
East and North Africa. With assets of US$2,923bn at 30 June 2020,
HSBC is one of the world’s largest banking and financial services
organisations.
About Pollination Group
Pollination is a specialist climate change advisory and
investment firm, accelerating the transition to a net zero, climate
resilient future. The firm brings together global experts in
climate investment, finance, strategy, policy, law and technology -
connecting dots and linking opportunity where others can’t.
Pollination develops holistic, integrated solutions required to
address the complex climate agenda. It has a presence in Europe,
the United States, Australia and Asia. For more information, see
www.pollinationgroup.com.
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HSBC Global Asset Management
Rob Sherman +1 646 939 6998 robert.a.sherman@us.hsbc.com
Mat Barling + 44(0) 207992 5568 mathew.barling@hsbc.com
Charles Clarke + 44(0) 207991 8805 charleswclarke@hsbc.com
Pollination
Simon Maule +44(0) 7748 658171 simonmaule@luther.co.uk
Keith Brookbank +44(0) 7798 863675
keithbrookbank@luther.co.uk
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