Lightrock invests in climate protection pioneers South Pole
The Liechtenstein investment firm Lightrock has acquired a stake of 10 percent in South Pole. With this double-digit million euro investment, the direct investor of the global private bank LGT and the Princely House of Liechtenstein has bought in to one of the largest companies operating in the field of climate protection.
Lightrock has acquired a minority shareholding of 10 percent in the Zurich-based company South Pole. The double-digit million euro investment in the socially committed climate protection firm is one of the first and most important investments made under the “Planet” portfolio established by Lightrock and should act as a signal to other investors that climate protection investments will pay off, as detailed in a press release.
The press release also explains that the motivation behind Lightrock’s investment can be explained by a sharp rise in demand for climate protection solutions. The announcement of the investment will additionally help South Pole to meet this spike in demand as well as achieving its mission of accelerating the global transition to a climate-smart society.
South Pole employs over 470 climate experts around the world, including environmental and social scientists, engineers and specialists in the field of renewable energies. The company helps corporations such as Nestlé, L’Oréal and Tetra Pak in their efforts to cut their greenhouse gas emissions. To achieve this, it measures a company’s CO2 footprint and develops targets and strategies aimed at implementing reductions. According to the press release, South Pole has built up the largest portfolio of carbon projects in the world.
Lightrock opted to enter into this partnership with South Pole because it has successfully demonstrated unique quality in its carbon projects, according to Prince Max von und zu Liechtenstein, LGT Chairman, who is quoted in the press release. In addition, the strategy developed by South Pole “to help clients on their climate journey towards zero carbon has proven extremely effective”, the LGT Chairman adds.