1 December 2025 - Adapting to a changing investment landscape for climate action

Join us at 14:30-15:45 GMT for our first ‘Climate Innovation’ Community Interest Group, with our Partner, SAIL Investments

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We are delighted to invite you to our inaugural Climate Innovation Community Interest Group, hosted by Pensions for Purpose, in partnership with SAIL Investments.

As climate and nature risks reshape global markets, investors are being challenged to rethink how and where capital is deployed. While clean energy has dominated the transition to date, the next phase of climate innovation lies in transforming food, agriculture and natural capital systems –essential to both global resilience and long-term growth.

This session will explore how institutional investors can adapt to a rapidly changing investment landscape by financing real-economy transition pathways that deliver measurable climate and nature outcomes alongside attractive, risk-adjusted returns.

  • Lisa Sachs, Director, Columbia Center on Sustainable Investment – will frame the global context: how the financial architecture must evolve to mobilise capital into nature-linked transitions with the same clarity, coordination and scale achieved in energy.
  • Gjermund Grimsby, Chief Advisor Climate Change, KLP – will share the asset-owner perspective: how long-term investors are integrating climate and nature considerations into portfolio construction and identifying credible opportunities for resilience and value creation.
  • Michael Schlup, Chief Sustainability Officer, SAIL Investments – will present the practitioner view: how SAIL’s global private credit strategy is unlocking value in the sponsorless mid-market direct-lending space, with a primary focus on food and agriculture – a sector requiring over USD 1 trillion every year to finance a sustainable, resilient transition. Michael will outline why this segment of credit is increasingly attractive to institutional investors, offering monetisation of nature, portfolio diversification, and strong risk-adjusted returns, while at the same time helping LPs manage their physical and transition risk exposure across private credit portfolios.

Objective

To equip asset owners with actionable insights on deploying capital into climate opportunities beyond mitigation – capturing structural growth in private credit via nature-based solutions that also strengthen portfolio resilience and support fiduciary responsibility.

Outcome

Delegates will gain real-world insights to inform allocation decisions – financing climate innovation through nature-based solutions that deliver tangible economic value and attractive, risk-adjusted returns.

Who is this event for?

This meeting is open to Pensions for Purpose members, including asset owners, advisers, consultants, professional trustees, legal professionals and government representatives.

If your organisation is yet to join Pensions for Purpose you may attend one meeting before becoming a member.

Register here

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Speakers

Gjermund Grimsby, Chief Advisor Climate Change, KLP

Gjermund is responsible for the climate investment strategy at KLP, Norway’s largest private pension fund. He also serves on the board of Norsif, the Norwegian Forum for Responsible and Sustainable Investment. Before joining KLP, he was a Partner at Menon Economics, where he headed the advisory team on green transition and industrial policy.

Gjermund holds a Ph.D. in economics from the University of Oslo, with a research focus on 'competent capital.' He also holds a professional master’s degree from the University of Oslo, UC Berkeley, and Humboldt University in Berlin.

Michael Schlup, Chief Sustainability Officer, SAIL Investments

Michael is the Chief Sustainability Officer of SAIL Investments, and a member of SAIL’s investment committee. He has over 25 years of experience, having previously worked for Barry Callebaut, the world’s leading manufacturer of chocolate and cocoa products, including managing the Cocoa Horizons Foundation. At global agribusiness and food company Bunge, he oversaw Africa for their asset management and environmental markets team. He was the founding Chief Executive Officer of the Gold Standard Foundation, a non-governmental organisation that established quantification and impact maximisation standards.  

Michael’s career began by advancing sustainable energy financing at the United Nations and working as a management consultant. He is a trained scientist and holds Master’s degrees in Geography from the University of Basel, Switzerland, and in Industrial Environmental Economics from Lund University, Sweden.

Lisa Sachs, Director of the Columbia Center on Sustainable Investment (CSSI)

Lisa is the Director of the Columbia Center on Sustainable Investment (CCSI), a Center of Columbia Climate School at Columbia University; Associate Professor of Professional Practice at Columbia Climate School; and Director of Columbia's M.S. in Climate Finance. Since joining CCSI in 2008, she established and oversees CCSI’s interdisciplinary research and advisory work on the alignment of investment law, practice, and policy with the Sustainable Development Goals (SDGs). She is a globally recognised expert in the ways that laws, policies and business practices shape global investment flows and affect sustainable development. She works with governments around the world, regional and international development organisations, financial institutions, companies, civil society organisations and academic centers to understand the inter-relations of investment flows and sustainable development, and to influence investment policies and practices to promote the SDGs and the Paris Agreement. She received a Bachelor of Arts in Economics from Harvard University, a Master’s degree in International Affairs from Columbia’s School of International and Public Affairs, and a Juris Doctor degree from Columbia Law School, where she was a James Kent Scholar and recipient of the Parker School Certificate in International and Comparative Law.

Host

Karen Shackleton, Chair & Founder, Pensions for Purpose

Karen has worked in the finance sector for over 30 years. As well as being Founder of Pensions for Purpose, she is Chair of the Strategic Investment Board for the Ministry of Justice, and a Non-executive Director and Chair of the Board of Resonance Ltd, a social impact investment company. She sits on the Advisory Council of the Impact Investing Institute.   
 
Karen also provides independent investment advice to the London Boroughs of Islington and Camden through Apex Group. She was the Chief Executive/Managing Director of AllenbridgeEpic Investment Advisers from 2010 to 2013. Before that, she had 10 years’ experience as a fund manager and director for County NatWest and BZW Investment Management (now BlackRock).   

Pensions for Purpose

Pensions for Purpose exists as a bridge between asset managers, pension funds and their professional advisers, to encourage the flow of capital towards impact investment. Our aim is to empower pension funds to seek positive impact opportunities and mitigate negative impact risks.

Our Community allows members to learn from leaders in the impact investment industry. We provide a trusted environment to interact, collaborate and share knowledge. Members engage in a programme of activity to shape their strategy in ESG, sustainable and impact investments.

For more information, please email the Membership Manager.