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ANZ has invested $50 million for a minority stake in climate change investment and advisory group Pollination.

For ANZ, the partnership between the two companies will focus on the transition needs of its institutional clients in sustainable finance, project and export finance, carbon markets and corporate advisory, including mergers and purchases.

Mark Whelan, ANZ Group Institutional Executive, said: “We are delighted to partner with a team that has strong climate finance and investment expertise, deep relationships and business momentum. These credentials, combined with ANZ’s long-standing leadership position in the sustainable finance and debt capital markets, will provide significant opportunities for our clients.

“This partnership also underpins ANZ’s strategy to support customers in the transition to net zero, while solidifying our position as the leading bank for environmental sustainability in the region.”

Founded in 2019, Pollination includes more than 120 experts operating in 13 countries. Team members have played leading roles in decarbonization and natural solutions, including in shaping the Paris Agreement and key negotiating coalitions for the UNFCCC, and in institutional leadership teams Australian national green finance and climate innovation organizations such as Arena and the Clean Energy Finance Corporation (CEFC).