An impact-focused fund

• Dedicated to investment in nature-based carbon credit projects

• Focus on the highest quality projects and credits

• Capital will be invested to generate predicable, long-term flows of credits

• Providing development capital to projects that otherwise may not be developed

Emerging asset class with strong market and pricing fundamentals

• Growing demand from corporates and governments to achieve net-zero climate goals – voluntary and compliance markets

• Short supply of high quality, sustainable credits

Diverse portfolio

• Multiple project geographies and ecosystems types - forest, grassland, peatland, wetlands, agriculture

• Investment at different points in project cycle – pre and post credit issuance

Strongly orientated to ESG mandates

• Strong emphasis on carbon measurement

• Focus on sustainability co-benefits – biodiversity conservation, social and economic support for rural and indigenous communities

• All credits to be accredited to the highest quality standards and independently verified

Investment Strategy

• Flexible investment structures considered including acquiring minority equity at the project level, carbon credit streams/royalties, direct or forward purchases

• Up to [50]% of initial capital to be used to acquire issued credits or invest in “already issuing” projects

• Up to [15]% of initial capital available to “enable” early-stage projects (feasibility / pre-validation)

• Balance of initial capital available to invest in de-risked projects (post-validation)

• Strong focus on projects with environmental and social co-benefits