Mind the 'impact gap': How Al Gore's new climate fund could face alignment issues
Generation's new climate fund has commendable long-term impact goals, but it remains to be seen if the concept aligns with asset-owner mandates.
The challenge of matching institutional investment objectives with the urgent need to tackle global warming has been highlighted by the launch last week of 'Just Climate', an asset management venture from Al Gore and David Blood’s Generation Investment Management.
Gore, the former US vice-president who brought the issue of climate change to a global audience in 2006 with his film An Inconvenient Truth, and former Goldman Sachs fund manager Blood, have teamed up with founder invest…
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