Just Climate, founded by Generation Investment Management and chaired by Al Gore, has doubled its fundraising to $375 million, signalling rising investor enthusiasm for nature-based solutions to combat climate change and achieve net-zero goals.
Just Climate, the climate solutions-focused investment business founded by Generation Investment Management, has announced it has raised $375 million to date for its Natural Climate Solutions strategy. This marks a significant increase from the $175 million raised earlier this year, reflecting growing investor confidence in the potential of nature-based solutions to address climate change.
Founded in 2021 and chaired by former U.S. Vice President Al Gore, Generation Investment Management launched Just Climate to tackle the net-zero emissions challenge by scaling solutions in the highest-emitting and most off-track sectors of the economy. The Natural Climate Solutions strategy, unveiled in September 2023, seeks to transform land use by financing businesses that develop and deploy solutions such as biological fertilisers and pesticides to replace chemicals, restoration projects to rehabilitate degraded landscapes, and technologies that verify carbon, water, and biodiversity outcomes.
Clara Barby CBE, Senior Partner of Just Climate, emphasised the importance of collaboration, stating, “We are proud to welcome a diverse group of partners who share our conviction that investing in the land transition is essential to building a sustainable economy. Together, we can scale solutions that deliver measurable impact for climate, biodiversity and people.” New investors in the fund include Achmea Investment Management, the Environment Agency Pension Fund, and the Royal Bank of Canada. Existing investors include the California State Teachers’ Retirement System (CalSTRS) as the institutional anchor, alongside Microsoft’s Climate Innovation Fund as the corporate anchor.
The fund’s investment portfolio continues to expand, with its third commitment made to AgroStar, an India-based agritech platform founded in 2013. AgroStar provides millions of smallholder farmers with access to climate-resilient practices and products through a digital platform and a network of about 10,000 retail stores. Shardul Sheth, CEO and Co-Founder of AgroStar, highlighted the critical role that Just Climate’s support will play, saying, “Partnering with Just Climate brings far more than capital; they bring deep expertise in scaling natural climate solutions and the conviction to back businesses driving real systemic change.” Other investments include NatureMetrics, a pioneer in environmental DNA-based biodiversity monitoring, and GreenLight Biosciences, which focuses on agriculture-focused biosolutions.
This capital raise aligns with Just Climate’s broader mission to deploy institutional capital in ways that can deliver both climate impact and attractive financial returns. According to Generation Investment Management, Just Climate’s broader investment platform recently closed its inaugural Climate Assets Fund I at $1.5 billion, aiming at high-impact solutions capable of radically reducing or removing emissions across various sectors. This momentum reflects growing recognition among institutional investors, including pensions, sovereign wealth funds, and insurers, of the crucial role that natural climate solutions play in meeting global net-zero and biodiversity goals.
Generation Investment Management, which manages over $42 billion in assets, continues to expand its climate-focused strategies, with Just Climate at the forefront of climate-led investing by not only providing growth capital but also supporting entrepreneurs to scale transformative solutions. This approach exemplifies the firm’s commitment to integrated sustainability research and long-term investing, setting a new standard for how capital can be mobilised to address the systemic challenges posed by climate change.
In summary, Just Climate’s successful fundraising and strategic investments highlight an increasing shift in the investment community towards natural climate solutions as a viable and impactful part of the net-zero transition, combining environmental stewardship with the pursuit of competitive financial returns.
- https://www.esgtoday.com/just-climate-raises-375-million-for-natural-climate-solutions-strategy/?utm_source=rss&utm_medium=rss&utm_campaign=just-climate-raises-375-million-for-natural-climate-solutions-strategy – Please view link – unable to able to access data
- https://www.justclimate.com/news/news/just-climate-s-natural-climate-solutions-strategy-secures-375m-from-global-institutional-investors-to-accelerate-natural-climate-solutions/ – Just Climate, an investment business established by Generation Investment Management, has secured $375 million from global institutional investors to accelerate its Natural Climate Solutions strategy. The strategy focuses on scaling products and services that can transform land use, aiming to deliver attractive financial returns through significant climate and nature impact. The funds will support investments in areas such as biological fertilisers and pesticides, restoration projects, and technologies that verify carbon, water, and biodiversity outcomes. The first investment from this strategy is in AgroStar, an Indian agritech platform aiding smallholder farmers with climate-resilient practices and products.
- https://www.generationim.com/our-thinking/news/just-climate-announces-close-of-inaugural-15-billion-industrial-climate-solutions-fund/ – Just Climate, an investment business established by Generation Investment Management, has closed its inaugural fund, Climate Assets Fund I, raising $1.5 billion in institutional capital. The fund aims to invest in high-impact solutions that can radically reduce or remove emissions while generating attractive risk-adjusted financial returns. The closing saw a diverse set of institutional investors, including California State Teachers’ Retirement System (CalSTRS), PSP Investments, AP4, Colonial First State Investments, Builders Asset Management, and AP2, as well as other pensions, sovereign wealth funds, insurers, financial institutions, endowments, foundations, and family offices from North America, Europe, and the Asia Pacific region.
- https://www.justclimate.com/news/news/just-climate-joins-with-calstrs-and-microsoft-s-climate-innovation-fund-to-accelerate-investment-in-natural-climate-solutions/ – Just Climate has secured $175 million for its Natural Climate Solutions strategy, with California State Teachers’ Retirement System (CalSTRS) as its institutional anchor and Microsoft’s Climate Innovation Fund as its corporate anchor. The strategy aims to deliver attractive returns and help transform land use to achieve global net-zero and nature-positive goals. In January 2025, Just Climate’s Natural Climate Solutions strategy announced its first investment, leading the Series B funding round for NatureMetrics, a pioneering company in environmental DNA-based biodiversity monitoring.
- https://www.generationim.com/our-thinking/news/generation-investment-management-llp-launches-just-climate-to-seek-to-address-the-global-net-zero-emissions-challenge/ – Generation Investment Management has launched Just Climate, an investment business dedicated to climate-led investing to address the net-zero challenge at scale. Just Climate aims to identify and invest in high-impact solutions for climate mitigation, as well as to catalyse and multiply capital to scale them. The firm seeks to harness the power of institutional capital to accelerate, and to set a new standard for, climate-led investing. The launch is backed by a consortium of founding strategic partners, including Microsoft’s Climate Innovation Fund, Ireland Strategic Investment Fund (ISIF), IMAS Foundation, Harvard Management Company, Imprint Group of Goldman Sachs Asset Management, and Hall Capital Partners and its clients.
- https://www.generationim.com/ – Generation Investment Management is dedicated to long-term investing, integrated sustainability research, and client alignment. It is an independent, private, owner-managed partnership established in 2004 and headquartered in London, with a US presence in San Francisco, managing more than $42 billion of assets under management and supervision as of 31 March 2023. The firm operates four strategies: Global Equity, Asia Equity, Growth Equity, and Private Equity, alongside a climate-led investing business, Just Climate.
- https://www.esgtoday.com/just-climate-raises-375-million-for-natural-climate-solutions-strategy/?utm_source=rss&utm_medium=rss&utm_campaign=just-climate-raises-375-million-for-natural-climate-solutions-strategy – Climate solutions-focused investment business Just Climate announced that it has raised $375 million to date for its Natural Climate Solutions strategy, aimed at directing capital to businesses focused on natural climate solutions to transforming the way land is used, to help achieve global net zero and nature goals, while also delivering attractive returns. The announcement marks a significant increase in assets for the strategy, growing from just $175 million earlier this year. Founded in 2021 by Generation Investment Management, a sustainability-focused investment firm chaired by former U.S. Vice President Al Gore, Just Climate aims to deliver impact by focusing on scaling solutions for the highest-emitting, most off-track sectors of the economy, investing in climate solutions that can radically reduce or remove emissions, while generating attractive risk-adjusted financial returns. The firm unveiled the Natural Climate Solutions strategy in September 2023, designed to support entrepreneurs with growth capital and business building help, to scale solutions to help transform the way agricultural commodities are produced and to restore degraded landscapes, such as biological fertilizers and pesticides to replace chemicals, as well as development models to finance and operate restoration projects, and technologies to verify carbon and biodiversity outcomes. New investors in the fund include Achmea Investment Management, the Environment Agency Pension Fund and Royal Bank of Canada. Existing investors include California State Teachers’ Retirement System (CalSTRS) as institutional anchor and Microsoft’s Climate Innovation Fund as corporate anchor. Clara Barby CBE, Senior Partner of Just Climate, said: “We are proud to welcome a diverse group of partners who share our conviction that investing in the land transition is essential to building a sustainable economy. Together, we can scale solutions that deliver measurable impact for climate, biodiversity and people.” Alongside the new commitments, Just Climate also announced that the fund made its third investment, backing India-based agritech platform AgroStar. Founded in 2013, AgroStar helps millions of smallholder farmers improve their income and livelihoods through climate-resilient practices and products, through its digital platform and network of roughly 10,000 retail stores. The funds other investments include biodiversity measurement and monitoring solution provider NatureMetrics, and agriculture-focused biosolutions provider GreenLight Biosciences. Shardul Sheth, CEO and Co-Founder of AgroStar, said: “Indian agriculture stands at a critical juncture – climate variability and degraded soils threaten our farmers’ livelihoods; the need to address these challenges has never been clearer and more urgent. Partnering with Just Climate brings far more than capital; they bring deep expertise in scaling natural climate solutions and the conviction to back businesses driving real systemic change.
Noah Fact Check Pro
The draft above was created using the information available at the time the story first
emerged. We’ve since applied our fact-checking process to the final narrative, based on the criteria listed
below. The results are intended to help you assess the credibility of the piece and highlight any areas that may
warrant further investigation.
Freshness check
Score:
10
Notes:
The narrative is current, with the latest publication date being November 25, 2025. No earlier versions of this specific content were found, indicating high freshness. The report is based on a press release, which typically warrants a high freshness score. ([justclimate.com](https://www.justclimate.com/news/news/just-climate-s-natural-climate-solutions-strategy-secures-375m-from-global-institutional-investors-to-accelerate-natural-climate-solutions/?utm_source=openai))
Quotes check
Score:
10
Notes:
The direct quotes from Clara Barby CBE and Shardul Sheth are unique to this report, with no earlier matches found online, suggesting originality. ([justclimate.com](https://www.justclimate.com/news/news/just-climate-s-natural-climate-solutions-strategy-secures-375m-from-global-institutional-investors-to-accelerate-natural-climate-solutions/?utm_source=openai))
Source reliability
Score:
10
Notes:
The narrative originates from Just Climate’s official website, a reputable organisation, enhancing its credibility. ([justclimate.com](https://www.justclimate.com/news/news/just-climate-s-natural-climate-solutions-strategy-secures-375m-from-global-institutional-investors-to-accelerate-natural-climate-solutions/?utm_source=openai))
Plausability check
Score:
10
Notes:
The claims about Just Climate’s fundraising and investments align with information from other reputable sources, including TechCrunch and Real Assets. ([techcrunch.com](https://techcrunch.com/2025/03/18/al-gores-just-climate-fund-raises-175m-from-microsoft-and-calstrs-for-nature-based-climate-investments/?utm_source=openai))
Overall assessment
Verdict (FAIL, OPEN, PASS): PASS
Confidence (LOW, MEDIUM, HIGH): HIGH
Summary:
The narrative is fresh, original, and originates from a reliable source. The claims are plausible and corroborated by other reputable outlets, indicating a high level of confidence in its accuracy.