A Fork in the Road: The Next Chapter for Climes & Equilibrium
In June 2021, we founded Climes with a clear vision: to accelerate the flow of finance into Climate Action. Over the past three years, we've had the privilege of engaging with a diverse range of stakeholders across the climate ecosystem, including customers, brands, enterprises, climate financiers, and project developers. These ongoing interactions have been instrumental in shaping and refining our solutions.
With a goal to facilitate capital flow from enterprises, brands and individuals into climate projects, we developed our innovative products. However, as we built our offerings, we recognized a significant gap—a shortage of high-quality projects in India that met our standards for transparency, permanence, and additionality. To address this, we began originating our nature-based projects, setting a new benchmark in the process.
Over the past year, we've tested and refined both of these solutions with various stakeholders. Through this process, we identified an exciting opportunity to offer them independently, empowering us to build leaner teams, deliver focused messaging, and amplify our impact by optimizing capital efficiency across all fronts. Moving forward, Climes, led by Anirudh Gupta, will continue to develop accessible and engaging tech-enabled products for enterprises and brands to discover and offset carbon emissions and direct funds to a diverse range of climate projects across the world. Equilibrium, led by Siddhanth Jayaram, will focus on originating carbon removal solutions in the Global South by channelling both commercial and concessional capital from enterprises, carbon financiers, and impact institutions.
The past couple of years have been an incredible journey filled with valuable lessons, significant wins, and a few setbacks. We are deeply grateful for the unwavering support and trust we've received from our investors, advisors, customers, team members, and project partners throughout this journey. We carry forward the majority of our partners, investors and team into both these businesses. Siddhanth and Anirudh will continue to be shareholders, mentors and the biggest cheerleaders for both Climes and Equilibrium. Even as our teams take different paths, we are refreshed, refocused and re-energised to address the next set of challenges and drive growth.
We're three years in, but 1st December 2024 is Day 1 for both Climes and Equilibrium. We're building both institutions to become long-lasting, and profitable, in line with the original vision of accelerating the flow of finance into Climate Action.
You can reach out to us at ani@climes.io or sid@equilibriumearth.com for more information.
Best,