Credit Suisse Asset Management (CSAM) announced today that it will partner with sustainability infrastructure and resource management leader Equilibrium Capital Group. According to the partners, the collaboration aims to expand the resources through which each firm is able to make capital available to industries and businesses that share in their mutual commitment to sustainability.
Eric Varvel, Global Head of Credit Suisse Asset Management, said:
“Equilibrium is an ideal partner for our franchise given our shared history in sustainability, alternatives and real assets. This partnership marks another landmark in Credit Suisse’s sustainability strategy to help address pressing environmental challenges.”
Equilibrium manages sustainability-driven businesses and the deployment of capital within the sustainable real asset and infrastructure spaces such as controlled environment foods, waste-water-energy distributed infrastructure, and climate resilience infrastructure.
As part of the agreement, CSAM and Equilibrium announced that they will jointly develop and manage a sustainable infrastructure and resource management platform, combining Credit Suisse’s global reach, institutional operating platform and deep expertise in sustainability, and Equilibrium’s sustainability-driven real asset and resource management capabilities.
Credit Suisse stated that the partnership follows the firm’s establishment in July of an Executive Board-level function – Sustainability, Research & Investment Solutions (SRI) – aimed at accelerating the bank’s ambition to be a leader in sustainability. SRI has a commitment to provide at least CHF 300 billion of sustainable financing over the next decade.
Marisa Drew, Chief Sustainability Officer and Global Head of Sustainability, Strategy, Advisory and Finance at Credit Suisse, said:
“We are delighted to support CSAM’s collaboration with recognized sustainability leader Equilibrium in pursuit of our shared mission to mobilize capital for good. Today’s announcement builds on Credit Suisse’s long history of ground-breaking sustainability strategies, from co-founding one of the early leaders in microfinance and impact credit, to integrating sustainability into Credit Suisse real estate portfolios, and finally to innovating in the fields of conservation and energy transition finance.”
Dave Chen, CEO of Equilibrium Capital, said:
“We are excited to partner with Credit Suisse on this mandate to address the changing resource infrastructure landscape. While we cannot reverse climate change completely, we can mitigate its impact by creating more sustainable infrastructure. By managing the environmental risks around food production, waste, water and energy, we can foster greater stability and security in those areas.”