Nature is Capital

OUR STORY

The first large-scale investment opportunity to protect nature, and your returns.

HSBC Global Asset Management and Pollination have partnered with the ambition to create the world’s largest dedicated natural capital asset management company.

HSBC Pollination Climate Asset Management is establishing a series of natural capital funds, investing in a diverse range of activities that preserve, protect and restore nature over the long-term, and address climate change.

As the global economy shifts and the race to decarbonise assets, sectors and entire economies intensifies, there is growing demand for nature-based solutions to climate change that also diversify investment risk and offer attractive, long-term returns.

The simple truth is understood: failing to invest in the resilience of nature means failing to invest in the resilience of the economy. Nature is now the most fertile investment we have.

A PARTNERSHIP DELIVERING SCALE AND IMPACT

The partnership between HSBC and Pollination – a specialist climate change advisory and investment firm – aims to unlock natural capital investment opportunities at scale.

The joint venture will leverage HSBC’s experience as the world’s best bank for sustainable finance1 with Pollination’s deep, global expertise in natural capital, mainstreaming natural capital as an asset class.

OUR MISSION

We develop and deliver investment solutions accelerating the transition to a net zero, climate resilient future.

Diversified investment themes

HSBC Pollination Climate Asset Management offers investors a wide exposure to global natural capital themes in both developed and emerging markets.

Investment themes will include:

  • Regenerative and sustainable agriculture
  • Sustainable forestry
  • Oceans, including sustainable fisheries, coastal restoration and blue carbon
  • Biodiversity and wildlife protection and restoration
  • Natural capital and real assets that generate carbon credits

Measurable impact

Measurable, additional and long-term impact is a fundamental principle of the investment approach. Each investment opportunity will be evaluated against high environmental standards, and needs to demonstrate the potential to deliver positive environmental impacts over their lifetime.

The potential for natural capital value creation will be quantified at the start of each investment and positive impact targets across six impact areas will be developed. Progress against these targets will be monitored and reported, leveraging an industry leading, proprietary impact measurement tool.

1 Euromoney winner 2019 “World’s Best Bank for Sustainable Finance”.

OUR PEOPLE

A dedicated team of natural capital and investment experts leveraging the strengths of both HSBC and Pollination

Christof Kutscher

Executive Chairman

Christof brings 31 years of experience in the asset management industry. He currently serves as a board member of Carmignac Gestion and as Chairman of Bergos Berenberg Bank. From 2014 to 2019, Christof was Global Chairman of AXA Investment Managers. Prior to this, he was Head of EMEA & Asia Pacific for UBS Global Asset Management, including as a member of the UBS Group Managing Board. Other roles include co-Head Asset Allocation UBS Brinson, CIO at LGT Capital Management, Head of Research & Equity Portfolio Management at BilAM, and Global Head Investment Consulting at Swiss Bank Corporation.

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Caroline Van Tilborg

Carbon Investment Specialist

Caroline has 20-years’ experience in designing, implementing and managing carbon credit and natural capital projects worldwide. Experience with World Bank, Rabobank and others. Deep understanding of the associated complexities of structuring projects with multiple benefits and strong track record in execution. Some of her recent work includes the assessment of the carbon credit potential of large landscape restoration projects in Kenya, India and Australia.

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David Ryan

Head of CRM & Business Development

David has over 25 years’ experience in investment banking. Formerly a Managing Director and Partner at Goldman Sachs, David worked primarily in the Securities Division, responsible for managing Asian Equities distribution and subsequently European Equities. David co-founded a corporate advisory boutique, raising capital for sponsor backed businesses. In 2019, David joined Deutsche Bank’s Global Equity Derivatives business to lead European distribution.

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Parisa Rahnama

Investment Professional

Parisa is an investment professional with experience across private equity, M&A and DCM. Prior to joining HSBC Pollination CAM, Parisa worked as an investment analyst with Monaco Resources Group, focusing on complex cross-border acquisitions in the infrastructure, logistics and industrial sectors. Parisa previously co-founded a UK food and agriculture fintech startup and before that worked at investment banking boutique Euromax Capital. In 2020 Parisa spent a year in South Africa where she researched climate change investment opportunities, biodiversity and nature conservation. Parisa holds an MBA from Leeds University Business School and is a CFA Charterholder.

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Jason Parrish

Head of Risk & Compliance

Jason joined from HSBC where he held CRO and COO roles within Asset Management. He was also the lead on ESG policy development and oversight for the Risk function. Jason joined HSBC from Deloitte Consulting, where he worked on risk management and business process engagements with a range of blue-chip financial services firms. Before Deloitte Jason traded and risk managed interest rate and money market derivative instruments at AIG and JPMorgan Chase.

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Michael O’Sullivan

Head of Forestry Investments

Michael joins from Pollination with 20 years in Real Assets Investment Management with focus on forestry and renewable energy investments generating environmental value add. He has a track record in delivering returns to investors as former Head of Environmental Investments of JF Infrastructure, where he managed one of the first institutional carbon forestry funds in the world. He also brings experience with US$1Bn investment programme of Capital Dynamics Clean Energy Infrastructure in the United States, Europe and Australia

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Ben O’Donnell

Head of Agriculture Investments

Ben joined after 19 years with Macquarie Group, with the last 6 years in Macquarie’s Agriculture funds management business, managing AUM of more than A$2.7b. Ben lead M&A, capital management and structuring activities and also served on the board of Lawson Grains, one of Australia’s largest corporate farming enterprises, cropping ~90,000 arable hectares. Prior to working in MIRA Ben lead coverage of the agriculture sector within Macquarie Capital, advising on more than A$4billion of transactions for some of Australia’s best known food and agriculture companies.

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Anya Nelson

Investment Specialist

Anya joined Pollination after 6 years in investment banking, equity capital markets and impact investing. Previously Vice President at Macquarie Capital, Sydney, and Associate at Goldman Sachs, London. Deep experience in of structuring and executing complex cross border transactions, including renewable energy IPOs and project financing. Currently studying for a Masters of Public Administration at the LSE, focusing on climate change policy.

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Jason Kitts

Chief Legal Officer

Jason is a globally renowned negotiation leader in international scale energy and emission reduction projects in more than 40 countries,  including several of the world’s largest joint venture LNG projects.  Prior to joining Climate Asset Management, Jason held leadership roles at two Fortune 500 publicly listed energy companies. Jason pioneered climate finance at EBRD, where he advised the first public/private emission reduction funds generating nearly 20M tonnes of emission reductions.  He was also part of the award winning team of the Financial Times Innovative Lawyers Award 2010 for his contribution to the Green Investment Scheme Project. Jason is a certified Executive and Teams Coach and a graduate of the Harvard Program on Negotiation Master Class.

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Jamie Housden-Thomas

HEAD OF PRODUCT

Jamie joined from HSBC with over 15 years’ experience in international product development covering various asset classes, distribution channels and fund structures. Previously he was Head of Product Development at HSBC Global Asset Management (6 years), Head of EMEA Product Development for Goldman Sachs Asset Management (9+ years) and 6 years at J.P. Morgan Asset Management in a variety of product-related roles.

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James Cairns

Impact Investment Specialist

James has more than 15 years’ experience in natural capital investing with a particular focus of quantifying impact. He is renowned for developing a unique financial approach to quantifying and valuing the upside premium that can be realised from natural capital assets and transaction. He was founder of Mopane Capital, a specialist natural capital advisory firm, which supported agriculture, forestry and conservation investments. He has also conducted more than US$150m of related transactions globally, with a focus on Sub-Saharan Africa.

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Martin Berg

Head of Natural Capital Impact Strategy

Martin joins from Pollination with over 20 years of experience in environmental finance and policy. He brings more than 15 years of deep experience in structuring and executing direct and indirect investments in carbon and natural capital related transactions. Formerly he was head of Environmental Fund & Climate Finance Policy at European Investment Bank leading pioneering investments in natural capital. Further experience at Merrill Lynch, RNK Capital LLC, OECD and UNFCCC.

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MEDIA

  • Press Releases

    The latest press releases from HSBC Pollination Climate Asset Management and Pollination.

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  • In The News

    News from around the world featuring HSBC Pollination Climate Asset Management and our team.

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our thinking

Seeing nature as the most fundamental form of capital

18 January 2021 / WORDS BY Martin Berg

A new investment thematic – Natural Capital – is emerging.  Natural capital can help pension and sovereign wealth funds meet their need for mandated returns, and satisfy their requirements to do so in a way that is not only less harmful, but has the potential to restore the environment.

read article

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