Generation Investment Management, a financial service and investment management company chaired by former United States Vice President Al Gore launched a $1.7 billion fund which will be invested in minority stakes at private companies focuses on what it terms as sustainable future.
The company says it has assets worth $36 billion under its management, the investments are both in public and private companies which. Before making an investment, General Investments considers companies with strong environmental, social and governance (ESG) records.
Many ESG-focused startups have been pursuing private capital sources while some fund executives have been raising concerns that assets in private companies be exempt from disclosure requirements such as on carbon emissions under development by securities regulators.
Generation Investment says the private companies on its previous Sustainable Solutions Fund III disclose direct and indirect carbon emissions.