Is there a world where investors can incorporate climate data in their investment mandates? Owen Woolcock and Rajeev Ranade, the co-founders of Climate Core Capital certainly think so.
Combining traditional climate risk factors including flood, heat, fire, hurricane, and storm with unconventional readiness indicators to find low-risk and high-readiness markets shapes Climate Core Capital’s investment strategy.
By thinking incongrously about environmental impacts such as tree canopy ratios and urban imperviousness, Climate Core Capital captures unique investment opportunities.
“I'll give LPs a lot of credit in terms of how many of them have turned onto this notion of climate risk. It's kind of percolating around their institutions or their families. It may not be primetime, but it's sort of sitting in the back of their head,” Rajeev says.
In this episode, Owen and Rajeev discuss their evaluation of different characteristics for climate readiness, share insights on the ranking of various regions in America, and provide details about their selection process for development and operations partners in their investments.
When climate changes, everything changes. Other investors may commonly default their highest priorities to include economic factors first, but by doing so they miss an entire market of investment. By making their stand to bring climate factors to the forefront, Climate Core Capital not only assists in directing a struggling climate, but also discovers unique investment opportunities that would otherwise be overlooked.
Name: Owen Woolcock
What he does: Owen is a partner at Climate Core Capital. He has worked over 15 years in international environment agreements, real estate, and family office services. Owen was formerly the COO of the Central London flexible office group and Research Director for Commodity Futures Trading Commission (CFTC).
Organization: Climate Core Capital LLC
Connect: LinkedIn
Name: Rajeev Ranade
What he does: Rajeev is a partner at Climate Core Capital. Prior to joining the team, he was a Managing Director at RCX Capital Group, a tech-driven real estate investment and merchant bank. Rajeev was also the Founder of Source Central, a web platform connecting capital to real estate opportunities, which was acquired by RCX.
Organization: Climate Core Capital LLC
Connect: LinkedIn
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