Richard Kauffman, Chairman of the investment committee for Lightsmith Climate Resilience, said: The fund will help scale up companies, applying their technologies to help businesses and communities adapt to climate change, and through international expansion, particularly in emerging markets, and by partnering with the firm’s network of companies and governments. The new fund will focus on six technology areas including water efficiency and smart water management, resilient food systems, agricultural analytics, geospatial intelligence, supply chain analytics, and catastrophe risk modeling and risk transfer. Climate resilience technology is an opportunity for investors and for us all.” Investing in climate resilience solutions can deliver both financial returns and real benefits to companies, communities, and individuals. One thing we do know is that companies that have smart solutions to respond to climate change will be increasingly in demand. “As investors, we know very little about the future with any certainty. Sanjay Wagle, Lightsmith Managing Director & Co-Founder, added: Lightsmith Managing Director & Co-Founder Jay Koh said that climate resilience technologies represent an “overlooked, multi-billion dollar investment opportunity that will just keep growing.” Lightsmith estimates the total addressable market for growth-stage companies whose technologies can address the growing physical impacts of climate change to be $170 billion today, According to Koh, “increasing drought, agriculture stress, and supply chain disruption linked to climate change will drive demand for data and analytics to understand those risks and for the solutions to manage them.” As the frequency and severity of extreme climate events increases, the need for adaptation and resilience initiatives and financing is growing as well, yet climate adaptation has not yet emerged as a significant focus area for sustainable finance or investment. Register here -> #climate Global Adaptation & Resilience Investment Working Group (GARI) #adaptation #PREPARE Sarah Conway Jonathan Cook Ann Vaughan Prairie Summer Adam J.Private equity investor Lightsmith Group announced that it has raised commitments of $186 million for the final closing of the Lightsmith Climate Resilience fund, investing in growth-stage technology companies that address the effects of climate change.Īccording to sustainability-focused analysis and advisory organization Climate Policy Initiative, CPI, Lightsmith Climate Resilience is the first private equity fund focused on climate resilience.
We'll be talking about public and private shared value on adaptation within countries bearing the brunt of climate impacts, incentives for sustained action, key industry shifts needed and happening in insurance, and more. On March 30, join Francis Bouchard (Marsh McLennan), Moriah Royz (Google), Matthew Foote (WTW) - reps from the PREPARE Call to Action respondents - and ACFVA rep Megan DeBates (Starbucks), Pallavi Sherikar (State Dept), Nathanial Matthews, PhD (GRP), and I to learn about these companies' early progress on their commitments in the PREPARE Call to Action since COP27.
As the USG implements PREPARE, we've been inviting companies to work with us to accelerate investments that build resilience in partner countries. Less than 2% of tracked climate adaptation finance from 2017-2018 came from the private sector (WB).
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