Top Private Equity News, Member Posts, Managed Futures Daily Indices and more!

2yrs ago Private Equity privateequitywire Views: 274

General Atlantic appoints Senior Adviser focused on climate and net zero

Submitted 14/04/2021 - 9:00am

General Atlantic, a global growth equity firm, has appointed Lord Browne of Madingley as a Senior Advisor, based in London.

Lord Browne will advise the firm on environmental, social and governance considerations, with a particular focus on the path to Net Zero emissions. He will work with General Atlantic to find new ways to invest in climate solutions, and help develop corporate strategies for addressing global climate change.

Lord Browne served as Group Chief Executive of international energy company BP from 1995-2007. During that period he led the company through a period of major growth and change, including BP’s merger with Amoco in 1998, which created the first supermajor.

In a speech at Stanford University in 1997, Lord Browne became the first leader in the oil and gas industry to acknowledge the risk posed by climate and pledge to take action. Under his leadership, BP sought to go “Beyond Petroleum,” setting internal emissions reduction targets and launching new businesses in renewable and alternative energy. In 2007 Lord Browne joined Riverstone, an energy-focused private equity firm. He served as Co-Head of the firm’s USD3.4 billion renewable energy and power fund which, at the time, was the world’s largest such fund. 

Lord Browne sits on the boards of IHS Markit and SparkCognition, and is Chairman of Pattern Energy, a California-based wind and solar power developer established under his leadership at Riverstone. He has previously served on the boards of Goldman Sachs, Intel, DaimlerChrysler and SmithKline Beecham. Lord Browne is currently Chairman of Wintershall Dea, Europe’s largest independent gas and oil producer (measured by production), and Chairman of the Francis Crick Institute for biomedical research. He is an advisor to numerous companies operating at the intersection of science, engineering, energy and climate change.

"John has dedicated his efforts to the energy transition for decades," says Bill Ford, Chairman and Chief Executive Officer of General Atlantic. "He has an extensive knowledge of the entire energy value chain and understands the importance of ensuring that the planet’s biggest problems are addressed commercially. His intellect and ability to solve complex problems will bring tremendous value to our firm’s work in sustainability and strengthen our partnerships with businesses that are creating the sustainable technologies of the future".

Lord Browne says: "Addressing global climate change requires a systemic transformation at a pace and scale never seen before. It is a challenge which has shaped my own career since the 1990s. Investment in engineered climate solutions now needs to increase significantly, and I look forward to working with General Atlantic to help shape the future of climate investing."

Lord Browne is a Fellow and past President of the Royal Academy of Engineering, a Fellow of the Royal Society, and a Fellow of the American Academy of Arts and Sciences. He is a Chairman and Member of a variety of boards serving the UK government, the arts, and universities.

Lord Browne was knighted in 1998 and made a life peer in 2001.

Like this article? Sign up to our free newsletter Tags ESG & Responsible Investing Moves & Appointments

Today's Private Equity Headlines:

Log In for More
Access Over 250K+ Industry Headlines, Posts and Updates
Not a member yet?

Join AlphaMaven

The Premier Alternative Investment
Research and Due Diligence Platform for Investors

Free Membership for Qualified Investors and Industry Participants
  • Easily Customize Content to Match Your Investment Preferences
  • Breaking News 24/7/365
  • Daily Newsletter & Indices
  • Alternative Investment Listings & LeaderBoards
  • Industry Research, Due Diligence, Videos, Webinars, Events, Press Releases, Market Commentary, Newsletters, Fact Sheets, Presentations, Investment Mandates, Video PitchBooks & More!
  • Company Directory
  • Contact Directory
  • Member Posts & Publications
  • Alpha University Video Series to Expand Investor Knowledge
  • AUM Accelerator Program (designed for investment managers)
  • Over 450K+ Industry Headlines, Posts and Updates
ALL ALPHAMAVEN CONTENT IS FOR INFORMATIONAL PURPOSES ONLY. CONTENT POSTED BY MEMBERS DOES NOT NECESSARILY REFLECT THE OPINION OR BELIEFS OF ALPHAMAVEN AND HAS NOT ALWAYS BEEN INDEPENDENTLY VERIFIED BY ALPHAMAVEN. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. THIS IS NOT A SOLICITATION FOR INVESTMENT. THE MATERIAL PROVIDED HEREIN IS FOR INFORMATIONAL PURPOSES ONLY. IT DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY INTERESTS OF ANY FUND OR ANY OTHER SECURITIES. ANY SUCH OFFERINGS CAN BE MADE ONLY IN ACCORDANCE WITH THE TERMS AND CONDITIONS SET FORTH IN THE INVESTMENT'S PRIVATE PLACEMENT MEMORANDUM. PRIOR TO INVESTING, INVESTORS ARE STRONGLY URGED TO REVIEW CAREFULLY THE PRIVATE PLACEMENT MEMORANDUM (INCLUDING THE RISK FACTORS DESCRIBED THEREIN), THE LIMITED PARTNERSHIP AGREEMENT AND THE SUBSCRIPTION DOCUMENTS, TO ASK SUCH QUESTIONS OF THE INVESTMENT MANAGER AS THEY DEEM APPROPRIATE, AND TO DISCUSS ANY PROSPECTIVE INVESTMENT IN THE FUND WITH THEIR LEGAL AND TAX ADVISERS IN ORDER TO MAKE AN INDEPENDENT DETERMINATION OF THE SUITABILITY AND CONSEQUENCES OF AN INVESTMENT.