LeapFrog appoints partner to co-lead new climate investment strategy
LeapFrog Investments has appointed Nakul Zaveri as partner to co-lead its newly established climate investment strategy.
The new climate strategy will focus on companies providing green products and services that are already cost competitive in emerging markets, and enjoy enabling regulatory tailwinds. This large and expanding investable universe includes pay-as-you-go rooftop solar, distributed energy systems, two-wheeler electric vehicles and smart farming practices.
Dr Andy Kuper, founder and CEO of LeapFrog said, “Navigating a just transition – where economic inclusion and carbon emissions reduction go hand in hand – is a significant challenge for governments, NGOs, and investors over the coming decades. It is a particular focus of this year’s COP 27. Too little emphasis has been placed on the demand side – on meeting emerging customers’ needs and making the transition to clean technologies also a transition to a better standard of living for all.”
“Our goal is to give consumers in emerging markets a pathway to leapfrog to low-carbon consumption as they join the middle class. We want to enable them to access superior, more affordable, less polluting, safer, healthier, digital, and climate resilient products and services. We’re looking at climate through the lens of inclusion, a distinctive but also vital strategy as consumption rises across global growth markets.”
Zaveri has over 20 years of experience in climate investing and financial services. He joins LeapFrog from his most recent role as managing partner at Relativity Investment Management, a sustainability-focused growth private equity fund group, investing in mid-market Indian businesses.