Sustainability-focused investment company Net Zero revealed plans to list on London’s Alternative Investment Market (AIM), with focus on decarbonisation, writes Fiona Keating.
Net Zero is setting its sights on raising £20m ($26.4m) and is looking to focus on “energy transition and sustainability in the built environment.”
Its investors include Airbnb co-founder Joe Gebbia, and Anthony Kieda, Red Hot Chilli Peppers frontman. Other investors include Canadian-based Desmarais family, who have a net worth of US$4.5 billion.
Canadian sustainability champion
Olivier Desmarais, chairman and CEO of Power Sustainable, launched a C$1bn (€646.5m) North American renewable energy investment platform in January 2021.
Net Zero is chaired by former British MP Nick Hurd. While in Parliament, he served on the UK Environment Audit Committee, the Climate Change Bill scrutiny committee and as chair of the All Party Environment Group.
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“Unless we reduce carbon emissions to Net Zero, our children’s lives will be different in a profoundly negative way. Investing in solutions that offer decarbonisation at scale is critical and I am honored to join the i(x) Board of Directors to ensure our investments achieve both top-tier returns and positive impact,” Hurd said.
Net Zero said it had access to “significant pools of capital”. Steve Over, the company’s chief executive said AIM admission would allow it to “access global growth capital to scale the business further.
Decarbonisation offers market opportunities
“Our belief is that the world’s biggest problems present significant market opportunities, and that capital, deployed intentionally, has the power to improve the sustainability of our planet and the communities in which we live.
“Our mission is to utilise our capital, experience and sphere of influence as a catalyst to help address some of the significant problems threatening the world. We look to maximise positive social, environmental, and economic impact wherever we are active,” Oyer said.
The Jersey-registered investment firm’s goal is to leverage its directors’ commercial acumen to identify potential targets for the acquisition of renewable energy companies. The investment policy is to create, fund and collaborate with business dedicated to energy transition and sustainability.
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