Additional private funds for GCPF

Ärzteversorgung Westfalen-Lippe (ÄVWL), a private German pension fund serving some 56,000 doctors and their families, has increased its existing investment in the Global Climate Partnership Fund by USD 50 m, bringing their total investment up to USD 80 m.

ÄVWL was the first private investor to join the ranks of public investors including the German Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety, German development bank KfW or the International Finance Corporation (IFC).

The new investment brings the fund’s total committed capital to USD 632 m.

According to ÄVWL, this investment further underlines the pension fund’s sustainable investment strategy. Christian Mosel, chief executive officer of ÄVWL, explains: “Our investment doesn’t only contribute to climate change mitigation; it further strengthens the relevance of sustainable investments in our portfolio.“

“Our investment strengthens the relevance of sustainable investments in our portfolio.” 

Christian Mosel, CEO of German pension fund ÄVWL, GCPF’s largest private investor

Speaking on behalf of GCPF, chairperson Claudia Arce added: “We are delighted about this increase in private investment for the fund, which already has strong backing from public investors but clearly targets to further increase the share of private investors. It demonstrates ÄVWL’s forward-thinking investment strategy and commitment to a long-term partnership which delivers a strong environmental impact as well as financial returns.”