LeapFrog Investments has named Souleymane Ba accomplice and co-head of local weather technique, the London-based asset supervisor that focuses on Asian and African markets introduced Tuesday.
Ba joins alongside 4 new senior advisors, who will hold their concurrent roles in different organisations. Steve Howard, Mike Berners-Lee and Damilola Ogunbiyi are appointed to LeapFrog’s local weather advisory board, whereas Gina Domanig enters the local weather funding committee.
Howard is vice chairman of sustainability at Singapore state investor Temasek, which has a minority stake in LeapFrog and beforehand dedicated US$500 million to the agency. Berners-Lee, brother of the World Vast Internet’s inventor, is professor at Lancaster College and founding father of sustainability advisory Small World Consulting. Ogunbiyi is chief govt of the United Nations-backed international initiative Sustainable Vitality for All. Domanig is managing accomplice of Emerald Expertise Ventures.
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Ba has spent almost 20 years within the personal funding area, most just lately at inexperienced fund Simply Local weather. He has prior to now managed funding for Africa’s meals, agriculture, finance and infrastructure sectors, in addition to in transport and vitality storage in america.
Ba will lead local weather technique alongside co-head Nakul Zaveri, who joined on the finish of 2022.
“I’m satisfied the trail to sturdy, low carbon progress for the world’s 5 billion rising customers is thru breakthrough enterprise fashions that each defend the planet and allow better prosperity,” stated Ba.
LeapFrog stated the brand new roles full its local weather management crew, and helps its US$500 million sustainable funding pledge in rising markets. The financier believes there’s a US$330 billion per yr alternative in greening the agriculture, buildings, vitality and mobility sectors – on prime of saving 8 gigatonnes of greenhouse gases and producing 90 million new jobs by 2030.
The European Funding Financial institution can also be presently appraising an estimated US$60 million financing package deal for LeapFrog’s local weather technique.
The personal fairness agency has workplaces in South Africa and Singapore. It had been focusing primarily on the monetary companies and healthcare sectors earlier than the most recent local weather foray. Most of its Asian portfolio is predicated in South Asia.
Globally, over US$6 trillion a yr is required yearly to get to net-zero emissions by mid-century, up from about US$1 trillion right this moment. Rising markets proceed to face a disproportionately giant shortfall regardless of many being on the forefront of rising local weather dangers.
