KKR invests in Australian environmental markets platform GreenCollar

REUTERS/Brendan McDermid

Global private equity major KKR has invested in the Australian environmental markets platform GreenCollar to enable the company to provide commercial solutions to climate change-related challenges faced by governments, corporates and individuals.

The investment is part of KKR’s Global Impact Strategy and marks the Global Impact Fund’s first investment in Australia, and third in the Asia-Pacific, according to a statement. Terms of the transaction were not disclosed.

The Global Impact Fund is focused on generating risk-adjusted returns by investing in companies that contribute to the United Nations Sustainable Development Goals (SDGs).

GreenCollar’s core business directly contributes to SDG 13 (Climate Action) and supports other sustainable goals, including SDG 15 (Life on Land) and SDG 14 (Life Below Water).

“GreenCollar was established with a simple mission: to put the environment on the balance sheet, demonstrating that we can deliver essential environmental outcomes whilst building a strong for-profit business. KKR’s investment is the next part of our evolution as we look to grow GreenCollar into a global business,” GreenCollar co-founder and CEO James Schultz said.  

Founded in 2011, GreenCollar specialises in using environmental markets, such as carbon markets, to enable landholders, especially farmers, to implement projects that generate revenue and reduce greenhouse gas emissions.

GreenCollar works with landowners to identify and develop land-based carbon projects, such as forest protection and land restoration at scale. Once projects are operational, GreenCollar facilitates the sale of the resulting credits to private and public organisations seeking to manage their environmental impact.

Since the market’s establishment, GreenCollar has secured contracts to supply approximately 65 million Australian Carbon Credit Units to be issued and delivered to the Emissions Reduction Fund, making it the largest player under the Scheme.

The company is also pioneering the development of a Reef Credit Scheme, which enables a market-based solution for land managers to undertake projects to improve the water quality of the Great Barrier Reef in Australia.

KKR launched its Global Impact strategy in 2018 and recently held a final close on a $1.3 billion fund. Global Impact’s 14-person global team has executed a number of transactions over the past two years, including in Barghest Building Performance, Ramky Enviro Engineers, KnowBe4, Burning Glass and the formation of a wastewater treatment platform.

KKR has invested more than $7 billion in solutions-oriented businesses that address key social imperatives, including green energy, workforce development, responsible waste management and clean water protection.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.