Green Capital White Wave: Carbon Neutral Concept Should Run Through The Whole Process Of Investment

"The reason why we call green capital is that we hope to turn green into a new driving force and achieve the goal of" both the need and the need "- both financial returns and quantitative environmental impact Green capital chairman and CEO Bai Bo shared.

Bai Bo said that in order to make influence investment, carbon neutral investment fund or green investment fund, it is necessary to realize the continuity from LP to GP to invested enterprises. When raising funds, the team should make it clear to the LP that the ultimate goal of the fund is to achieve both "and" double returns, which should be written in the investment documents and in the team's DNA. It also means that there are some sub tracks that the team will not pitch.

In the process of investment and the evaluation of investment projects, it is necessary to realize "both the need and the need". Bai Bo frankly said that when judging whether a single project is worth investment, the team will be required to do business due diligence, financial analysis, as well as environmental and ESG impact analysis, which is part of the investment committee report. If the project has no environment and ESG influence, it is difficult for green capital to invest.

After the investment, the team will also track the operational indicators, financial indicators and environmental indicators of the invested enterprises, and help enterprises formulate carbon neutral strategies and objectives, and guide enterprises to reduce costs, increase efficiency and low-carbon development through technological innovation. At the beginning, not all enterprises could understand it. However, with the proposal of "carbon neutral" and "carbon peak" at the national level, more and more enterprises gradually recognized and even took the initiative.

In fact, the carbon neutral fund is very difficult to do. At the same time, he also stressed the need to guard against the occurrence of bubbles and hoped that investment in this field would not repeat the history of clean technology investment in the United States“ As a private equity fund, we need to focus on our own strengths and pursue financial returns and quantifiable environmental impact in a balanced way within our ability circle. " He said.