Climate Impact Committee.
"For many funds, "impact" is self-defined, self-measured, and self-reported. For us, it has always been different."
An independent panel of seven experts in climate impact, investment, and policy. They use the IRIS+ framework to measure each proposed investment before capital deploys. They can veto a deployment that does not meet the climate-impact threshold or other ESG-related criteria.
Climate Impact Committee.
Lucie Greenwood
Senior associate, The Connective, a consultancy unlocking systems-change impact.
Dr Jodi York
Investment-impact researcher · Chief Impact Officer, Kilara Capital.
Prof. Shaun Hendy
Chief Scientist + Co-Founder, Toha NZ.
Audrey Jean-Baptiste
Head of Commercial Programs + Operations, Swinburne University of Technology.
Emily Mabin Sutton
CEO, Climate Club NZ. Director, Clean Planet. Board, Consumer NZ.
Dr Paul Winton
Founder, Temple. Co-Founder + Chair, The All Aboard Transport Decarbonisation Trust.
Dr Jez Weston
PhD Engineering, Cambridge. Co-Founder + Partner, Climate Fund.
Committee membership as of November 2025. Per the Information Memorandum.
Methodology.
Measured against IRIS+.
A globally-recognised impact-measurement framework developed by the Global Impact Investing Network (GIIN). Used by impact investors, development banks, and impact funds worldwide.
How it works for Climate Fund 2
01
The investment team identifies a proposed investment
They prepare a deployment thesis. The thesis includes the IRIS+ impact metrics relevant to the company's sector.
02
The Climate Impact Committee independently reviews
They assess the proposed investment against IRIS+ emissions-reduction criteria. Sectors: water, energy, waste, agri-food, industrial, marine. The Committee applies the framework's standardised metrics.
03
The Committee can veto a deployment of capital
The veto applies where the Committee determines the investment does not meet the climate-impact threshold or other ESG-related criteria, regardless of the commercial case. This is the structural difference from advisory-only impact committees at other funds.
04
Approved investments are tracked through their lifecycle
The Committee validates each investment's annual impact report.
"To generate top-quartile venture returns while investing exclusively in companies that measurably reduce emissions, proving that climate impact can be a signal, not a sacrifice, for outsized financial performance."
Climate Fund 2 mission · Information Memorandum, November 2025.