Just Climate raises $375 million to scale natural climate solutions

Just Climate, the investment business founded by Generation Investment Management, has secured $375 million from global institutional investors to expand its Natural Climate Solutions strategy, focusing on land use, water, and waste. The new capital will support scalable approaches to cutting emissions and restoring ecosystems in some of the most resource-intensive sectors of the global economy.

The round drew commitments from pension funds, asset managers, and financial institutions, including Achmea Investment Management, the Environment Agency Pension Fund, and the Royal Bank of Canada. Recent anchors include the California State Teachers’ Retirement System (CalSTRS) and Microsoft’s Climate Innovation Fund.

Agriculture investment centers on AgroStar

As part of the strategy, Just Climate has invested in AgroStar, one of India’s largest agritech platforms. The company serves more than ten million smallholder farmers through a digital advisory system and a retail network of roughly 10,000 stores. Its services include seeds, biological fertilizers, crop-protection alternatives, and market-linkage solutions.

AgroStar aims to raise yields, reduce input costs, and limit chemical and water use — outcomes increasingly important for managing climate pressures in India’s agricultural sector. The new investment is intended to help the company expand its retail footprint and broaden its portfolio of sustainable inputs.

Investors highlight urgency of land-use transformation

Just Climate said the strategy targets areas where land degradation, inefficient water use, and waste contribute materially to global emissions and biodiversity loss.

Clara Barby CBE, Senior Partner at Just Climate, said the initiative reflects a shared commitment to reshaping land-use practices:
“We are proud to welcome a diverse group of partners who share our conviction that investing in the land transition is essential to building a sustainable economy. Together, we can scale solutions that deliver measurable impact for climate, biodiversity and people.”

AgroStar’s CEO and Co-Founder Shardul Sheth said Indian agriculture is “at a critical juncture” and described Just Climate’s backing as both financial and strategic, supporting efforts to scale sustainable inputs and advisory services for smallholder farmers.

Broader focus on land, water, and waste

Just Climate’s strategy targets solutions that reduce emissions and restore ecosystem health in sectors where nature loss is most acute. Key areas include:

• biological fertilizers and crop-protection alternatives
• financing and operating restoration projects
• technologies that verify carbon, water, and biodiversity outcomes
• low-impact farming and water-management approaches

The firm notes that land-use change accounts for roughly one-third of global emissions and remains a major driver of biodiversity decline.

Expanding portfolio in nature and agriculture technologies

Beyond AgroStar, Just Climate has invested in NatureMetrics, a UK-based biodiversity monitoring company, and GreenLight Biosciences, which develops biological solutions for agriculture.

The new commitments strengthen the fund’s ability to scale nature-based solutions aligned with global net-zero and biodiversity goals, while offering investors exposure to long-term, climate-focused growth sectors.