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HSBC creates $8b climate fund with Aussie lawyer

HSBC Global Asset Management has teamed up with prominent Australian climate lawyer Martijn Wilder's investment firm Pollination to create a $US6 billion ($8.3 billion) natural capital asset manager.

The fund will seek novel ways to get a return from projects that protect and restore biodiversity and other natural assets, and increase the earth's carbon sinks. It is part of a movement to put a monetary value on natural capital – assets such as water, forests, food systems, soil and air – and so bring it into the investment mainstream.

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James Fernyhough writes about telecommunications, insurance and financial services. He's based in the AFR's Melbourne office. Connect with James on Twitter. Email James at james.fernyhough@afr.com.au

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    Original URL: https://www.afr.com/companies/financial-services/hsbc-creates-8b-climate-fund-with-aussie-lawyer-20200825-p55p3q