Climate

Brazilian GP’s partnership with The Nature Conservancy will seek to ‘maintain or enhance financial performance’ across 530,000 acres of existing assets.

The energy transition-focused manager has closed its fourth fund on €670m, with the adaptation of agriculture to climate change part of its strategy.

The vehicle will invest in 10 venture capital funds across food and ag, production and mobility in North America, Europe and Asia.

The British fund manager anticipates strong interest in the vehicle, which will combine returns from commercial forestry, carbon credits and asset appreciation.

The firm, one of the first VC firms to focus on Australian agtech, exceeded its fundraising target of A$30m for its inaugural vehicle.

The Dutch development bank was entrusted with the capital by the UK government and will be allocated across three to five funds operating in tropical forest regions.

Efforts to integrate climate change into the Biden administration’s infrastructure spending could influence opportunities available for investors in burgeoning carbon, water and mitigation markets.

PGIM chief operating officer Taimur Hyat says other parts of the economy face greater risk of abrupt repricing due to the growing salience of climate risk.

The 2021 Responsible Investor Forum heard how the agriculture investing market’s well-developed themes of environmental risk management and stewardship are now at the center of discussions about post-pandemic capitalism.

Research associate Zoe Willingham says the government’s role in the Farm Credit System means lenders have a responsibility to help strengthen climate resilience of ag credit.