WEBVTT 1 00:00:00.150 --> 00:00:02.130 I'm Wendy Woods, Vice Chair, 2 00:00:02.130 --> 00:00:05.670 Social Impact in Climate & Sustainability with BCG. 3 00:00:05.670 --> 00:00:08.850 I'm Saskia Bruysten, Partner and Co-Founder International 4 00:00:08.850 --> 00:00:12.120 at Carbon Equity, and also BCG alumna. 5 00:00:12.120 --> 00:00:15.270 Saskia, when people think about private equity, 6 00:00:15.270 --> 00:00:17.880 they often think about big institutions. 7 00:00:17.880 --> 00:00:19.020 But you're doing something different, 8 00:00:19.020 --> 00:00:21.210 you're democratizing the ability 9 00:00:21.210 --> 00:00:25.560 to invest in private equity around climate tech. 10 00:00:25.560 --> 00:00:27.030 Tell us why that's important. 11 00:00:27.030 --> 00:00:29.310 We realized when we started Carbon Equity 12 00:00:29.310 --> 00:00:33.360 that more than 90% of the climate companies 13 00:00:33.360 --> 00:00:35.460 are not actually in public markets, 14 00:00:35.460 --> 00:00:40.170 but 99% of investors don't have access to this asset class. 15 00:00:40.170 --> 00:00:41.790 When we have such a big gap 16 00:00:41.790 --> 00:00:44.520 for the climate finances needed, what I hear you, 17 00:00:44.520 --> 00:00:47.130 is creating a new source of opportunity 18 00:00:47.130 --> 00:00:49.290 among those consumers that are already funding things 19 00:00:49.290 --> 00:00:51.330 like solar and electric vehicles. 20 00:00:51.330 --> 00:00:55.260 There's something like 177 trillion 21 00:00:55.260 --> 00:00:57.360 in the pockets of mass affluent 22 00:00:57.360 --> 00:00:58.800 and high net worth individuals, 23 00:00:58.800 --> 00:01:01.950 and we're trying to get like some small piece of that 24 00:01:01.950 --> 00:01:04.440 to get mobilized into the climate space, 25 00:01:04.440 --> 00:01:05.550 into the climate solutions, 26 00:01:05.550 --> 00:01:07.380 and that's really what we're trying to do. 27 00:01:07.380 --> 00:01:10.170 So what kind of signal does this democratization 28 00:01:10.170 --> 00:01:13.080 of climate investment send to the broader system? 29 00:01:13.080 --> 00:01:15.240 What kind of ripple effect does it create? 30 00:01:15.240 --> 00:01:16.980 We wanted to create a product, 31 00:01:16.980 --> 00:01:19.230 a tool that actually allows people 32 00:01:19.230 --> 00:01:23.820 to buy into that net zero future that we all want to see. 33 00:01:23.820 --> 00:01:24.653 We actually believe 34 00:01:24.653 --> 00:01:26.670 that that really changes people's mindsets. 35 00:01:26.670 --> 00:01:29.700 They don't end up feeling apathetic anymore 36 00:01:29.700 --> 00:01:31.920 and feeling that they can't be part of the solution. 37 00:01:31.920 --> 00:01:34.590 Really broadening the momentum and people's sense 38 00:01:34.590 --> 00:01:36.630 of empowerment and agency around the challenge. 39 00:01:36.630 --> 00:01:39.763 Absolutely. (bright music)