A family office’s investment preferences evolved to reflect a desire to identify opportunities to invest in climate positive opportunities that contribute to the performance of the portfolio and to reduce current exposure and avoid future exposure to extraction industries as well as companies with a materially negative impact on climate change.
GroveStreet’s Solution:
- GroveStreet actively engaged stakeholders to understand their new climate-related priorities and objectives
- We assessed what existing holdings were deemed to be inconsistent with new investment climate-sensitive aims and explored and agreed upon the best options to reduce this exposure
- We established new investment parameters for all future investment activities with respect to climate related priorities and are developing methods to assess our effectiveness in shifting the portfolio composition over time
- Working with the family, GroveStreet provides ongoing analytical support and market-mapping expertise while executing a long-term private equity program
- The family office has entrusted GroveStreet with its private equity portfolio since 2004