Bregal Investments Announces Strategic Partnership and Investment in PUR Projet

Published on: 06 October 2022
by KnowESG
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Bregal Investments, an international private equity platform, announced a majority investment and strategic partnership with PUR Projet, a leading global nature-based solutions (NbS) project developer.

Having spearheaded the development of the Science Based Targets initiative (SBTi) guidance for the private equity sector last year, the investment in PUR further reinforces Bregal’s overarching commitment to climate action and will focus on scaling natural climate solutions, working with nature to mitigate greenhouse gas emissions.

Founded in 2008 PUR is a certified B Corp and a pioneer in the development of “insetting” – working with clients to develop NbS projects within their supply chain which are designed to sequester and store carbon emissions whilst creating positive impacts for communities and the ecosystems they inhabit. The Company has partnered with corporates and leading brands, implementing over fifty projects to date, with a particular focus on agroforestry and regenerative agriculture within coffee, cocoa, and other commodity supply chains globally.

Designed in close partnership with local communities, PUR’s NbS projects aim to maintain and restore essential ecosystem services, improve community resilience through capacity building and income diversification activities, and support essential climate mitigation efforts. Through these projects, the Company has supported more than 50,000 farmers in rural areas across six continents, worked with communities to restore and preserve over 300,000 hectares of land, and planted over 20 million new trees.

Alain Carrier, CEO of Bregal, said: 

"Making capital work for the good of people and the planet is a societal imperative. As a firm, responsible and sustainable investment practices are a core part of our investment philosophy, and we are excited to be partnering with a mission-driven company such as PUR, as the first step on our journey to launching a dedicated impact platform - Bregal Sphere."

Tristan Lecomte, Founder of PUR Projet, said: 

"Humanity is facing an unprecedented climate crisis and investing in nature is an essential part of the solution,” added Tristan Lecomte, Founder of PUR Projet. This crisis is bigger than us. Bregal’s investment in PUR will help us scale nature-based solutions projects worldwide and further strengthen the impact that we have on the communities we partner with across the globe."

Bregal’s investment in PUR will aim to help scale the global development and deployment of high-quality NbS projects and support efforts to address the significant financing gap for nature and biodiversity. Going forward, the Bregal Sphere platform will look to deploy targeted capital to help address key societal and environmental challenges responsibly and sustainably.

Source: Bregal Investments

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