Annual Report 2025
Foreword from CEO
CI’s mission is to invest in the technologies shaping the next generation of global industrial infrastructure - systems that must evolve to meet the defining challenges of our time.
We believe that climate risk is a fundamental driver of industrial transformation. Decarbonization, resiliency and adaptation will require a rethinking of how energy, materials, and infrastructure are produced, moved, and managed.
This transformation is being accelerated and reshaped by powerful external forces.
Geopolitically-driven supply chain realignment is forcing industries to diversify geographically, and redesign critical systems, while advances in AI and robotics are unlocking new levels of efficiency, optimization, and entirely new operating models. Together, these dynamics are compressing timelines for change and rewarding those who adopt enabling technologies early.
For long-term investors, this convergence creates a generational opportunity. Trillions of dollars will be deployed to modernize and reinvent global systems as industries respond to climate pressure, geopolitical fragmentation, and rapid technological progress.
CI’s approach is to act from within the transition by partnering with global leaders – identifying and scaling solutions that deliver measurable impact, resilience, and productivity gains, while also generating attractive financial returns and investor operational value.
Our 2025 Report speaks to one of the early innings of this transformation, highlighting the ability to deliver real economic returns with significant greenhouse gas impact from the invested portfolio.
Pratima Rangarajan
CEO, Climate Investment
2025 outcomes
0
New Investments
0
Follow-on Investments
0
Exits
0
MtCO₂e Annual realized GHG impact1 from portfolio
93% increase compared to 2024.
$ 0 M
Annual operational value2 to LPs
> $600M cumulative operational value to LPs since 2017.
1 Total annual realized GHG impact is assured by EY. See appendix 1 of the report.
2 Operational value measures the incremental financial benefit of implementing a new portfolio company technology relative to a business as usual baseline. Annual operational value is an estimate of total value add from deployments in 2025 based on data developed in collaboration with CI investor companies. This is not an externally assured or audited measure. This is not a performance measurement and is not a guarantee of future results.
Annual Report 2025
Case studies
1 We report on the total realized impact of our portfolio investments, i.e. the sum of 100% share of the GHG reduction
delivered by each company in the Portfolio.
2 Using historical average load data (Data Center Load Forecasts, 2024 – 2040) and a global grid average carbon intensity
3 EDGAR – https://edgar.jrc.ec.europa.eu/report_2024#emissions_table
Previous annual reports
Climate Investment reports strong portfolio growth, sector-leading GHG Impact and the launch of its growth equity strategy
Climate Investment (CI) reports 2024 revenue growth of 29% across its portfolio of 40 companies. Total portfolio GHG impact in 2024 was 38.3MT CO2e .
Climate Investment grows GHG impact by 39% year-on-year
In 2023, our Catalyst portfolio achieved over 38 million tonnes (MT) of carbon dioxide equivalent reduction, a 39% increase year-on-year.
Climate Investment grows GHG impact by over 70% year-on-year
In 2022, our portfolio achieved over 27 million tonnes (MT) of CO2e reduction, marking our strongest year to date.
Climate Investment publishes its inaugural Impact Report covering GHG emissions
This is Climate Investment’s first Impact Report, and it covers the 23 investments made between the start of our operations in mid-2017 and the end of 2021.