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Laxman Pai, Opalesque Asia: Global private equity giant KKR has backed Australian carbon offsetting specialist GreenCollar through its $1.3bn Global Impact Fund, which is focused on generating risk-adjusted returns by investing in companies that contribute toward the United Nations Sustainable Development Goals (SDGs).
The investment is part of KKR 's Global Impact Strategy and marks the Global Impact Fund's first investment in Australia, and third in the Asia-Pacific, according to a statement. Terms of the transaction were not disclosed.
The global investment firm said in a press release that its investment in GreenCollar is to advance the Company's mission to provide commercial solutions to climate change-related challenges faced by governments, corporates, and individuals.
Terms of the transaction were not disclosed. KKR launched its Global Impact strategy in 2018 and recently held a final close on a $1.3 billion fund.
GreenCollar's core business directly contributes to SDG 13 (Climate Action) and supports other sustainable goals, including SDG 15 (Life on Land) and SDG 14 (Life Below Water).
"GreenCollar was established with a simple mission: to put the environment on the balance sheet, demonstrating that we can deliver essential environmental outcomes whilst building a strong for-profit business. KKR's investment is the next part of our evolution as we look to grow GreenCollar into a global business," GreenCollar co-founder and CEO James Schultz said....................... To view our full article Click here
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