Wollemi Capital has raised $220 million and attracted Commonwealth Bank as a strategic investor
IN BRIEF:
- Wollemi invests in the businesses and projects supporting the global transition to net zero
- One of the firm's first three investments include carbon credit platform Pachama
- CBA says it will lean on Wollemi's expertise as part of its drive to create new carbon markets for its corporate customer base
What does this mean?
CBA’s group executive institutional banking & markets, Andrew Hinchliff, says: “Our strategic investment in Wollemi is intended to accelerate the innovation needed to drive Australia’s transition across key sectors, as well as develop carbon markets as an important transition tool. It will significantly contribute to the development of CBA’s climate, carbon and biodiversity expertise and our ability to play a leadership role in supporting investments in climate linked businesses as they scale their operations."
