Hong Kong monetary authority anchors actis’ Asia climate strategy to support decarbonisation in Asia
Actis, alongside the Hong Kong Monetary Authority (HKMA) and other investors, has closed the Actis Asia Climate Transition fund, raising $560 million to invest in decarbonization and net-zero solutions across Asia. Anchored by HKMA, the SFDR Article 9 fund targets $100-150 million equity investments in climate solutions, such as energy efficiency, smart grids, district energy, and sustainable transport. With Asia accounting for over 50% of global emissions and requiring $93 trillion for energy transition by 2050, Actis highlights the region's critical role in achieving global climate goals.
LUXEMBOURG, HONG KONG, 11 November 2024: Actis, a leading global investor in sustainable infrastructure, Hong Kong Monetary Authority (HKMA) and other investors have closed the Actis Asia Climate Transition fund, which has raised US$560 million for climate transition investments across Asia.
The Hong Kong Monetary Authority anchored the strategy as part of its commitment to catalyse climate transition investing across the region. The Actis Asia Climate Transition fund was established to meet investor demand for a SFDR Article 9 investment strategy, focused on net zero and decarbonisation assets.
Actis, together with HKMA, saw the opportunity to create a bespoke and targeted investment vehicle to leverage the pertinent need for decarbonisation. Actis believes that transitioning Asian economies to net zero is vital to achieve global climate targets; Asia produces over 50% of global CO2 emissions, represents more than 50% of the world’s population and US$93 trillion is required to finance energy transition in Asia to 2050.[1]
In Actis’ view, the continent’s role at the forefront of global industry means that the climate battle could be won or lost in Asia. The Actis Asia Climate Transition strategy will seek to invest $100-150 million equity cheques in assets supporting climate solutions, including energy efficiency, smart grids, district energy and sustainable transport.
Asanka Rodrigo, Partner at Actis, said:“We will invest in Asian companies focused on decarbonisation and climate solutions with the aim of making the consumption of energy more efficient and delivering sustainable transportation solutions. We believe that Actis is ideally positioned to do this building on our extensive experience in the energy and infrastructure sectors.”
Shami Nissan, Partner and Head of Sustainability at Actis, commented:“With half the world’s population, rapid industrialisation, carbon intensive grids and accounting for half of global emissions, Asia is absolutely vital to our ability to deliver a net zero future. We are delighted to be partnering with a long-term strategic investor of Actis to support this need, through a SFDR Article 9 investment strategy.”
LikeDiscussion
Share
Discussion
You are commenting on Hong Kong monetary authority anchors actis’ Asia climate strategy to support decarbonisation in Asia
You must be logged in to add a comment
There are no comments
Be the first to add to the discussion
Fund manager
Actis
London, United Kingdom
Actis is a leading global investor in sustainable infrastructure.
Actis targets consistent superior returns across asset classes over the long-term, bringing financial and social benefits to investors, consumers and communities. We believe values drive value.
Actis is a leading global investor in sustainable infrastructure.
We deliver competitive returns for institutional investors and measurable positive impact for countries, cities, and communities in which we operate. Our global experience, operational know-how and strong culture allow us to create global sustainability leaders. We do it at scale. And have been doing so for decades. Since inception, we have raised circa US$25 billion to invest in a better tomorrow.
In October 2024, Actis joined forces with General Atlantic, a leading global growth investor, creating a diversified, global investment platform with approximately $87 billion in combined assets under management. Actis operates as General Atlantic’s sustainable infrastructure business. This strategic combination further enhances Actis’ focus as a leader in global sustainable infrastructure.
