Just Climate which aims to identify and invest in businesses that have the highest positive climate impact while generating attractive, risk adjusted returns announces that H2 Green Steel is among its first three investments.*

Just Climate’s investment forms part of H2 Green Steel’s Series B fundraising announced in October 2022, the proceeds of which will be used to develop the company’s first of a kind, large scale, green steel plant in northern Sweden.

Enabling the change required to meet the targets of the Paris Agreement

"Those who have invested in H2 Green Steel are all at the forefront of enabling the change required to meet the targets of the Paris Agreement. Just Climate is no exception. They believe in our business case as well as our purpose to accelerate decarbonization of heavy polluting industries. Being among the first green impact investments of Just Climate shows the impact our company will have on some of the dirtiest industries today,” says Carl-Erik Lagercrantz, Vice Chairmain of H2 Green Steel.

Just Climate, an investment business created by Generation Investment Management to address the net-zero challenge at scale, announced three investments in ABB E-mobility, H2 Green Steel and Meva Energy. All three companies reflect Just Climate’s approach of investing in scalable solutions with transformational potential that can help to deliver sector-wide decarbonization in hard to abate industries. Just Climate was created by Generation Investment Management, a pioneer in sustainable investing, with the aim of identifying and investing in those businesses that can generate the highest positive climate impact while generating attractive risk adjusted returns.    

*Although Just Climate seeks to deliver the highest positive climate impact and attractive risk-adjusted returns, this is an aspiration and there is no guarantee this goal will be achieved.