Swiss financial group Lombard Odier has taken a stake in sustainability-focused consultancy and investment firm SYSTEMIQ for an undisclosed sum.
It is the first banking group to buy into the London-based firm, which was set up by two former McKinsey veterans, and whose board is chaired by the high-profile climate economist Lord Nicholas Stern.
Lombard Odier’s investment was part of a recent capital raise by SYSTEMIQ that also attracted the family office of German construction company, Goldbeck, and Andre Hoffmann, the heir to Swiss healthcare giant Roche.
The new investors join existing shareholders including former Unilever CEO, Paul Polman, and the Jeremy and Hannelore Grantham Environmental Trust.
News of the deal comes as Reuters reports that Japanese financial group Softbank led a $50m funding round for sustainability data tech firm Clarity AI, joining existing investors including BlackRock and Deutsche Boerse.