Generation Investment Management LLP (Generation IM) is a financial services and investment management firm founded in 2004. It was co-founded by former US

Vice President A vice president, also director in British English, is an officer in government or business who is below the president (chief executive officer) in rank. It can also refer to executive vice presidents, signifying that the vice president is on t ...

Al Gore Albert Arnold Gore Jr. (born March 31, 1948) is an American politician, businessman, and environmentalist who served as the 45th vice president of the United States from 1993 to 2001 under President Bill Clinton. Gore was the Democratic Part ...

and

Goldman Sachs Goldman Sachs () is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered at 200 West Street in Lower Manhattan, with regional headquarters in London, Warsaw, Bangalore, H ...

' Asset Management head David Blood, with a stated emphasis on

sustainable Specific definitions of sustainability are difficult to agree on and have varied in the literature and over time. The concept of sustainability can be used to guide decisions at the global, national, and individual levels (e.g. sustainable livin ...

investment options for their

mutual fund A mutual fund is a professionally managed investment fund that pools money from many investors to purchase securities. The term is typically used in the United States, Canada, and India, while similar structures across the globe include the SICAV i ...

s and other investments. Generation has offices in London and

San Francisco San Francisco (; Spanish language, Spanish for "Francis of Assisi, Saint Francis"), officially the City and County of San Francisco, is the commercial, financial, and cultural center of Northern California. The city proper is the List of Ca ...

, and employed 87 people in 2017. Generation Investment Management LLP is authorized and regulated by the

Financial Conduct Authority The Financial Conduct Authority (FCA) is a financial regulation, financial regulatory body in the United Kingdom, but operates independently of the UK Government, and is financed by charging fees to members of the financial services industry. The ...

in the UK. The firm's advisory board, chaired by Gore, meets twice a year. Generation has built a global research platform to integrate sustainability research into fundamental

equity Equity may refer to: Finance, accounting and ownership * Equity (finance), ownership of assets that have liabilities attached to them ** Stock, equity based on original contributions of cash or other value to a business ** Home equity, the dif ...

analysis.

History

Generation was founded in April 2004 by a group of seven founding partners led by

and David Blood. The firm began investing client money in April 2005. Its goal was integrating the disciplines of

finance Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of fina ...

and

sustainability Specific definitions of sustainability are difficult to agree on and have varied in the literature and over time. The concept of sustainability can be used to guide decisions at the global, national, and individual levels (e.g. sustainable livi ...

. The firm places environmental and social factors at the core of its strategy. Later in 2005, Generation helped to establish the Enhanced Analytics Initiative to support sell-side research into long-term

risks and opportunities. One of the founding partners joined the initial working group responsible for bringing the UNPRI to life. In November 2007, Generation and

Kleiner Perkins Kleiner Perkins, formerly Kleiner Perkins Caufield & Byers (KPCB), is an American venture capital firm which specializes in investing in incubation, early stage and growth companies. Since its founding in 1972, the firm has backed entrepreneurs ...

announced a global collaboration to "find, fund and accelerate green business, technology and policy solutions with the greatest potential to help solve the current

climate crisis ''Climate crisis'' is a term describing global warming and climate change, and their impacts. The term and the alternative term ''climate emergency'' have been used to describe the threat of global warming to humanity (and their planet), and to u ...

." As part of the collaboration, prominent Kleiner Perkins partner

John Doerr L. John Doerr (born June 29, 1951) is an American investor and venture capitalist at Kleiner Perkins in Menlo Park, California. In February 2009, Doerr was appointed a member of the President's Economic Recovery Advisory Board to provide the Pre ...

joined Generation's Advisory Board. In this year, Generation also attended the Bellagio Summit, where the term '

impact investment Impact investing refers to investments "made into companies, organizations, and funds with the intention to generate a measurable, beneficial social or environmental impact alongside a financial return". At its core, impact investing is about an al ...

' was coined. In 2014, Generation launched Climate Solutions Fund II and the foundation partnered with George Serafeim. In 2015, Generation launched the Sustainability Insights Series, releasing "Environmental Intelligence" and "The Power Industry in Transition." In the same year, Generation became a Certified B Corp.

Partnerships

The Alliance for Climate Protection The Climate Reality Project is a non-profit organization involved in education and advocacy related to climate change. The Climate Reality Project came into being in July 2011 as the consolidation of two environmental groups, the Alliance for Cli ...

(Repower America) *

World Resources Institute The World Resources Institute (WRI) is a global research non-profit organization established in 1982 with funding from the MacArthur Foundation under the leadership of James Gustave Speth. WRI's activities are focused on seven areas: food, fore ...

Natural Resources Defense Council The Natural Resources Defense Council (NRDC) is a United States-based 501(c)(3) non-profit international environmental advocacy group, with its headquarters in New York City and offices in Washington D.C., San Francisco, Los Angeles, Chicago, Bo ...

The Climate Project The Climate Reality Project is a non-profit organization involved in education and advocacy related to climate change. The Climate Reality Project came into being in July 2011 as the consolidation of two environmental groups, the Alliance for Cli ...

Investments

Investments by Generation funds include: *

New Resource Bank New Resource Bank is a San Francisco, California-based bank which is a part of Amalgamated Bank. The bank is insured by the Federal Deposit Insurance Corporation and offers commercial loan and deposit products, specializing in renewable and alte ...

Octopus Energy Group Octopus Energy Group is a British renewable energy group specialising in sustainable energy. It was founded in 2015 with the backing of British fund management company Octopus Group, a British asset management company. Headquartered in London, ...

* Proterra

References

{{Reflist, 2

External links

Generation Investment Management Profile from the Financial Times
(requires log-in)
For People and For Planet
a 3/28/06

op-ed An op-ed, short for "opposite the editorial page", is a written prose piece, typically published by a North-American newspaper or magazine, which expresses the opinion of an author usually not affiliated with the publication's editorial board. O ...

The Wall Street Journal ''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published ...

by Al Gore and David Blood
We Need Sustainable Capitalism
an 11/5/08 op-ed in The Wall Street Journal by Al Gore and David Blood
When Principles Aid Performance
an article about the firm from the Financial Times, April 2007

the November 2004

press release A press release is an official statement delivered to members of the news media for the purpose of providing information, creating an official statement, or making an announcement directed for public release. Press releases are also considere ...

SEC Regulatory Information and Disclosed Holdings

Al Gore and David Blood interviewed
by

WIRED ''Wired'' (stylized as ''WIRED'') is a monthly American magazine, published in print and online editions, that focuses on how emerging technologies affect culture, the economy, and politics. Owned by Condé Nast, it is headquartered in San Fra ...

, April 2018 Al Gore Investment management companies of the United Kingdom 2004 establishments in the United Kingdom Financial services companies established in 2004 Companies based in the City of Westminster