Mark Whelan (left) and Martijn Wilder (right)
ANZ has announced a $50 million investment in global climate change investment and advisory firm Pollination.
The bank’s minority stake in Pollination represents ANZ’s commitment to driving the net zero transition for its customers and supporting biodiversity, a spokesperson said.
Pollination works with companies, governments and financial institutions to establish “nature-friendly business models” and has 120 experts in 13 countries.
“We are delighted to partner with a team that has strong climate finance and investment expertise, deep relationships and business momentum. These credentials, combined with ANZ’s long-standing leadership position in the sustainable finance and debt capital markets, will provide significant opportunities for our clients,” said Mark Whelan, ANZ Group Institutional Executive.
“This partnership also underpins ANZ’s strategy to support customers in the transition to net zero, while solidifying our position as the leading bank for environmental sustainability in the region.”
Pollination’s expertise in climate finance, carbon projects and business advisory focused on environmental sustainability is intended to support ANZ’s focus on sustainable finance.
Data from Bloomberg and ANZ reveals that the bank would have contributed around 5% of the global volume of sustainable finance transactions in 2021.
According to Martijn Wilder, co-founding partner of Pollination, “ANZ’s investment frees up capital to accelerate Pollination’s own investment strategies, and the strategic partnership will deliver the next generation of sustainable financial products, at scale across Europe. Asia Pacific”.
ANZ’s investment in Pollination follows the organisation’s recent SAFE fundraising and is part of its Series B round.
“Strategic partnerships are at the heart of Pollination’s impact model – they extend our reach and scale far beyond what we could achieve alone. ANZ has a strong track record of delivering innovative sustainable financial products. With a presence in 14 markets across Asia, it has exceptional reach where investing in decarbonization and nature is both critically important and a huge opportunity,” said Wilder.
The partnership offers ANZ a seat on the pollination board.