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.