Gresham House Forest Growth & Sustainability LP
Commitment to cornerstone a new fund focussed on woodland creation in Scotland.
"The launch of this sustainable forestry fund will create new woodland in Scotland, helping to achieve net zero and bringing local economic benefits."
Eilidh MactaggartCEO - Scottish National Investment Bank
Key Information
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Amount Invested
£50m over 5 years
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Location
60% of the fund will be directed to Scotland
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Carbon capture forecast
1.2 million tonnes of CO2 over 20 years
Key Quotes
Eilidh Mactaggart, CEO of the Scottish National Investment Bank:
“The Bank is delighted to cornerstone this new sustainable forestry fund focussed on new and diverse planting in Scotland.
Gresham House is an experienced forestry fund manager, and we are very excited to support them in this new venture. The new planting element and ability to generate carbon credits represents a novel investment proposition which mainstream investors have yet to fully embrace.
The Bank’s cornerstone investment is designed to encourage other investors to follow us into this new type of forestry fund. We therefore believe this opportunity to be an excellent fit for the Bank’s ambition to lead the way on innovative mission aligned investments.”
Olly Hughes, Managing Director, Forestry, Gresham House Asset Management:
“This impressive first close is a testament to Gresham House’s long-standing track record in the forestry space and the Bank’s cornerstone investment will help to catalyse further investment in this asset class from institutional and private client investors.
This flexible strategy allows investors to choose to use the carbon credits generated for offsetting purposes or sell the units to create an income.
As investors increasingly focus on sustainable investments, forestry is emerging as one of the most impactful solutions, which combats climate change and enhances biodiversity, while also serving as an excellent investment diversifier and producing meaningful uncorrelated returns.
Alignment to the United Nations' Sustainable Development Goals
All of the investments we make support the UN's Sustainable Development Goals. This investment supports the goals below:
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Goal 8
Decent Work and Economic Growth
Supporting jobs for people in remote areas of Scotland
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Goal 12
Responsible Consumption and Production
Increasing supply of sustainable materials
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Goal 13
Climate Action
The fund aims to sequester 1.2m tonnes of carbon
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Goal 15
Life on Land
Promoting sustainable use of terrestrial ecosystems and sustainably managing forests