Ontario Teachers’ estimated $250M investment will give them 33% ownership.

Ontario Teachers’ and KKR have paired together before joining a $5.2 billion acquisition deal for Spark Infrastructure. GreenCollar’s business model is simple: enter a partnership with land managers – and develop land-based environmental projects that cover carbon, water, nature, and plastics.

Many of their projects protect forests and restore the land. GreenCollar also helps land managers with outcomes, regulatory approvals, auditing, monitoring, and reports.

These Country System Guidelines aim to provide governments with a strategic and holistic assessment of their current legal and institutional frameworks, to help them understand how the global market perceives their country systems and where any gaps or short-comings might be found, under Workstream One of the ERP. 

A significant amount of effort has gone into quantifying the supply and demand for ERCs globally. There has been less focus on understanding the scale of investment into ERC-generating activities or analyzing the financing structures that are best suited to accelerate capital flow to ERC activities. 

In this report you will find a review the current landscape of ERC financing and key options for scaling up debt for ERC activities in EMDEs.

Through the establishment of an Emission Reduction Program (ERP), the World Bank aims to help developing countries to engage strategically with evolving global ERC markets, support efforts to generate ERCs to sell into these global markets, and mobilize finance for such transactions. 

The ERP includes two main workstreams.  Workstream One is focused on ERC market development, by providing governments with access to knowledge and technical assistance. Workstream Two is targeted at supporting ERC generation in participating countries. 

Anew is a leader in all aspects of climate mitigation with best-in-class experience and service offerings. Since inception of its legacy companies, Anew has transacted over 150 million tonnes of carbon, has provided more than 240 million diesel gallons equivalent of renewable fuels for transportation and has developed projects on over 3.5 million acres of forest and farmland. The company’s activities amount to the emissions avoidance of 539 million solar panels generating power for an entire year.

With this new investment, Ontario Teachers’ will join KKR in supporting GreenCollar’s international expansion as well as its growth across water, nature and plastics. Just this year GreenCollar celebrated the establishment of the Reef Credits Registry, validating its foundational work in establishing a world-first water quality market targeting the Great Barrier Reef.

The Rise Funds are a core pillar of TPG Rise, TPG's global impact investing platform. Founded in 2016 by TPG in partnership with Bono and Jeff Skoll, The Rise Funds invest behind impact entrepreneurs and growth-stage, high potential, mission-driven companies that are focused on achieving the United Nations' Sustainable Development Goals. The Rise Funds deliver capabilities and expertise across a wide variety of sectors and countries at scale, focusing on opportunities in climate and conservation, education, food and agriculture, financial technology, healthcare, and technology.

The agreement, which is subject to regulatory approval and expected to be completed by December 2022, will see Mitsui become a 49% shareholder and Nomura a 41% shareholder, with the remaining 10% shareholding retained by New Forests’ staff. Mitsui has been a shareholder in New Forests since 2016 and will increase its shareholding from approximately 23% to 49%.

Asset Description

• The Government of Canada has mandated minimum standards for carbon pricing across Canada and implemented a federal program applied to greenhouse gas-emitting industrial facilities in several provinces, including Alberta.
• Reforestation and the conservation of the boreal forest through improved forest management practices are creating carbon offsets through the combination of trees not being logged and their subsequent absorption of atmospheric CO2 through photosynthesis and sequestration of CO2 into their biomass.

Investment Highlights: