The Sustainable Markets Initiative’s Natural Capital Investment Alliance announces 12 new members and plans to mobilise more than USD 10 billion of private capital
Today at the World Leaders’ Summit, COP26 in Glasgow during a session introduced by His Royal Highness The Prince of Wales, Dame Elizabeth Corley, Chair-Designate of Schroders plc, made the announcement.
The Sustainable Markets Initiative (the “SMI”) today announced: 12Tree; ASN Impact Investors; the International business of Federated Hermes; Fidelity International; Fondaction; Foresight; Impax Asset Management; Kilter Rural; Posaidon Capital; Sail Ventures; Schroders; and SLM Partners as new members of the SMI’s Natural Capital Investment Alliance (the “NCIA”).
They join Climate Asset Management, a partnership of HSBC Asset Management and Pollination; Lombard Odier; and Mirova, an affiliate of Natixis Investment Managers, who were founding members of the NCIA. The NCIA was created by His Royal Highness The Prince of Wales under his Sustainable Markets Initiative in January this year and announced at the One Planet Summit on Biodiversity. This takes the total membership of the NCIA to 15 asset managers.
The announcement was made on day 2 of the World Leaders' Summit, COP26 in Glasgow as part of an event focussed on how action on forests and land-use can contribute to keeping the 1.5 temperature goal in sight,support sustainable livelihoods, and to meeting shared promises on adaptation and finance. Demonstrating the important interconnectivity of measures, the NCIA was also announced as a network partner of the Forest Investor Club, an initiative launched by the US State Department.