Earth Capital’s Nobel Sustainability Fund® achieves successful designation as a Guernsey Green Fund
Date published: Tuesday, 16 February 2021
Global impact fund recognised by the world’s first regulated green fund product
The Nobel Sustainability Fund® is focused on growth-stage investment opportunities in sustainable technology
Guernsey Green Fund enhances investor access to the green investment space by providing a trusted and transparent product that contributes to the internationally agreed objectives of mitigating environmental damage and climate change
Earth Capital (EC), the global private equity investment group focused on sustainable investing, has received Guernsey Green Fund (GGF) designation, the world’s first regulated green fund product standard, for its Nobel Sustainability Fund®.
Launched in July 2018 by the Guernsey Financial Services Commission, the rules outline clear eligibility criteria of green investing that funds must comply with in order to be awarded Guernsey Green Fund status. The accreditation provides investors with the confidence that investments are being used for environmental purposes and are monitored against a recognised set of regulatory standards.
The Nobel Sustainability Fund® is focused on growth-stage investment opportunities in sustainable technology across the themes of food, water and energy, that look to help meet the growing demand for these resources from an increasing population. The Fund is due to close in June 2021 with a target size of US$175m+.
Earth Capital was founded in 2008 by private equity veterans Gordon Power and Stephen Lansdown to focus on the commercial investment opportunities responding to the climate emergency and sustainable development.
Neil Brown, Chief Risk Officer of EC, said: “The Guernsey Green Fund is the world’s first regulated green product standard and I am delighted that Earth Capital’s Nobel Sustainability Fund® has been confirmed by the Guernsey Financial Services Commission as fully compliant.”
“Sustainable Investing is now one of the fastest-growing segments of the asset management industry but there is a clear need for transparency, driven by growing awareness about the dangers of greenwashing. As such, there has never been a more pressing time for a robust, transparent framework for green and sustainable products to help investor decision making.”
Tom Carey, Partner of Carey Olsen, said: "Carey Olsen is pleased to have supported Earth Capital on the Guernsey Green Fund designation of the Nobel Sustainability Fund®. Guernsey is committed to being a centre of excellence for Green Finance and meeting the eligibility criteria set by the Guernsey Financial Services Commission provides investors with the reassurance that the fund conforms to the internationally agreed objective of mitigating environmental damage and climate change."
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