General Atlantic Publishes its 2023 BeyondNetZero Fund Annual Report

In 2021, Lance Uggla and Lord John Browne founded BeyondNetZero and partnered with General Atlantic to launch GA BnZ, our firm’s growth-stage platform dedicated to investing in companies pioneering solutions for climate change and the energy transition. Our second climate and sustainability report highlights the progress made by GA BnZ’s portfolio of seven companies in 2023 and how they contribute to our core themes: decarbonization, energy efficiency, emissions management, and resource conservation. Our portfolio’s avoided emissions, quantified and verified by Systemiq, our independent climate and sustainable finance advisor, increased 38% over 2023.

Since 1980, GA has focused on identifying and partnering with leading entrepreneurs to build and scale companies to capture emerging long-term secular trends. We believe that the structural shift in the world’s energy and productive systems to mitigate and adapt to the effects of climate change is one of those core global trends. It will offer innumerable opportunities to back entrepreneurs building the companies that will pioneer a low-carbon future. We are excited about these opportunities and reaffirm our plans to be a leading investor in this sector, partnering with entrepreneurs and innovative companies that seek to positively transform the world for a better tomorrow.

Read the report here.

BeyondNetZero (GA BnZ) is a General Atlantic companion fund and operates as an Article 9 Fund under the European Union’s Sustainable Finance Disclosure Regulation (SFDR).