Thematic private credit investment firm

Climate adaptation is increasingly central to business strategy as rising temperatures, extreme weather, and resource volatility reshape operating conditions. Companies are rethinking how they design, power, and manage their operations to ensure efficiency, resilience, and continuity in a changing climate. This includes adopting more flexible operating models, improving resource productivity, and strengthening infrastructure to withstand climate related disruptions. A reliable supply of critical minerals has also become vital, driving the need for improved recycling, circular supply chains, and diversified sourcing.

Circularity is a resource system that keeps materials in use longer, reduces waste, and cuts emissions. This is critical as material production accounts for one third of global CO₂ emissions. Europe’s economy still relies heavily on linear material flows, generating more than 500 Mt of end of life waste each year and depending on imports for up to 100% of several critical minerals. Recycling these materials and minerals is essential not only for enabling Europe’s climate transition but also for strengthening its strategic independence and building a more resilient economy.

Sustainable food systems aim to feed a growing global population while protecting land, water, and biodiversity. Today, one third of all food is wasted and demand is shifting toward more carbon intensive diets, placing rising pressure on planetary boundaries. Innovation in areas such as sustainable aquaculture, alternative proteins, regenerative agriculture, and food waste reduction is essential to meeting future food needs without overshooting ecological limits. Scaling low impact protein sources is critical both for the climate transition and for building long term resilience into Europe’s food supply.