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Company type | Independent, private, owner-managed partnership |
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Industry | Financial services |
Founded | April 2004; 20 years ago (2004-04), London |
Headquarters | London, United Kingdom |
Area served | San Francisco, United States (US office) |
Key people |
|
Services | Investment management |
Number of employees | 87 (2017) |
Website | www |
Generation Investment Management (Generation IM) is a British financial services and investment management firm founded in 2004. It was co-founded by former US Vice President Al Gore and Goldman Sachs' Asset Management head David Blood, with a stated emphasis on sustainable investment options for their mutual funds and other investments.
Generation has offices in London and San Francisco, and as of 2017, employed 87 people. Generation Investment Management LLP is authorized and regulated by the Financial Conduct Authority in the UK. The firm's advisory board, chaired by Gore, meets twice a year.
Generation has built a global research platform to integrate sustainability research into fundamental equity analysis.
History
Generation was founded in April 2004 by a group of seven founding partners led by Al Gore and David Blood. The firm began investing client money in April 2005. Its goal was integrating the disciplines of finance and sustainability. The firm places environmental and social factors at the core of its strategy.
In November 2007, Generation and Kleiner Perkins announced a global collaboration to "find, fund and accelerate green business, technology and policy solutions with the greatest potential to help solve the current climate crisis."
In 2014, Generation launched Climate Solutions Fund II and the foundation partnered with George Serafeim. In 2015, Generation launched the Sustainability Insights Series, releasing "Environmental Intelligence" and "The Power Industry in Transition."
Partnerships
- The Alliance for Climate Protection (Repower America)
- World Resources Institute
- Natural Resources Defense Council
- The Climate Project
Investments
Investments by Generation funds include:
References
- ^ Levy, Rachael (October 23, 2017). "$18 billion fund manager started by Al Gore and a Goldman Sachs exec sets sights on Silicon Valley". Business Insider.
- McGeveran, Elizabeth (16 October 2017). "Sustainability Focus, Extraordinary Performance". McKnight Foundation.
- "About Us", Official web site, Generation Investment Management LLP, archived from the original on May 4, 2010, retrieved May 25, 2010
- "Generation Investment Management and Kleiner Perkins Caufield & Byers Create International Alliance to Accelerate Global Climate Solutions" (PDF). Kleiner Perkins Caufield & Byers and Generation Investment Management. November 12, 2007. Retrieved May 25, 2010.
- "The Sustainability Trend Report". Generation Investment Management. 2015.
- "NRDC". NRDC.
- "New Resource Bank". Amalgamated Bank. May 17, 2018.
- "Al Gore's firm buys £483m stake in Octopus Energy Group". BBC News. 2021-09-28. Retrieved 2021-09-28.
- Muoio, Danielle (June 13, 2017). "The 'Tesla of buses' raises $55 million from Al Gore's investment arm as it eyes an IPO". Business Insider.
External links
- Generation Investment Management Profile from the Financial Times (requires log-in)
- For People and For Planet, a 3/28/06 op-ed in The Wall Street Journal by Al Gore and David Blood
- We Need Sustainable Capitalism, an 11/5/08 op-ed in The Wall Street Journal by Al Gore and David Blood
- When Principles Aid Performance, an article about the firm from the Financial Times, April 2007
- Generation Announces Plans For New Investment Management Firm, the November 2004 press release
- SEC Regulatory Information and Disclosed Holdings
- Al Gore and David Blood interviewed by WIRED, April 2018