Generation_Investment_Management

Generation Investment Management

Generation Investment Management

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Generation Investment Management LLP (Generation IM) is a financial services and investment management firm founded in 2004. It was co-founded by former US Vice President Al Gore and Goldman Sachs' Asset Management head David Blood, with a stated emphasis on sustainable investment options for their mutual funds and other investments.

Quick Facts Company type, Founded ...

Generation has offices in London and San Francisco, and employed 87 people in 2017.[1] Generation Investment Management LLP is authorized and regulated by the Financial Conduct Authority in the UK. The firm's advisory board, chaired by Gore, meets twice a year.

Generation has built a global research platform to integrate sustainability research into fundamental equity analysis.[2]

History

Generation was founded in April 2004 by a group of seven founding partners led by Al Gore and David Blood. The firm began investing client money in April 2005.[3] Its goal was integrating the disciplines of finance and sustainability. The firm places environmental and social factors at the core of its strategy.[citation needed]

Later in 2005, Generation helped to establish the Enhanced Analytics Initiative to support sell-side research into long-term sustainability risks and opportunities. One of the founding partners joined the initial working group responsible for bringing the UNPRI to life.[citation needed]

In November 2007, Generation and Kleiner Perkins announced a global collaboration to "find, fund and accelerate green business, technology and policy solutions with the greatest potential to help solve the current climate crisis."[4] As part of the collaboration, prominent Kleiner Perkins partner John Doerr joined Generation's Advisory Board. In this year, Generation also attended the Bellagio Summit, where the term 'impact investment' was coined.

In 2014, Generation launched Climate Solutions Fund II and the foundation partnered with George Serafeim. In 2015, Generation launched the Sustainability Insights Series, releasing "Environmental Intelligence" and "The Power Industry in Transition."[5] In the same year, Generation became a Certified B Corp.[citation needed]

Partnerships

Investments

Investments by Generation funds include:


References

  1. Levy, Rachael (October 23, 2017). "$18 billion fund manager started by Al Gore and a Goldman Sachs exec sets sights on Silicon Valley". Business Insider.
  2. "About Us", Official web site, Generation Investment Management LLP, archived from the original on May 4, 2010, retrieved May 25, 2010
  3. "Generation Investment Management and Kleiner Perkins Caufield & Byers Create International Alliance to Accelerate Global Climate Solutions" (PDF). Kleiner Perkins Caufield & Byers and Generation Investment Management. November 12, 2007. Retrieved May 25, 2010.
  4. "The Sustainability Trend Report". Generation Investment Management. 2015.
  5. "NRDC". NRDC.
  6. "New Resource Bank". Amalgamated Bank. May 17, 2018.
  7. "Al Gore's firm buys £483m stake in Octopus Energy Group". BBC News. 2021-09-28. Retrieved 2021-09-28.

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