Founded in 2018, EverSource is a JV between Everstone Capital and Lightsource BP to invest in businesses focused on climate change.
EverSource promotes environmental stewardship and socially responsible development, while avoiding or minimising negative impacts on climate, ecosystems and communities. EverSource seeks to ensure that its portfolio companies and projects are managed in a manner consistent and sound global environmental, social and governance practices.
EverSource is the fund manager of the Green Growth Equity Fund (GGEF or the Fund), established with anchor investment from India’s National Investment and Infrastructure Fund (NIIF) and Foreign, Commonwealth & Development Office (FCDO), Government of UK. The Fund is based in Mumbai (India) invests in scalable operating companies and platforms across renewable energy, energy efficiency, energy storage, e-mobility, waste and water management, resource conservation and associated value chains. EverSource provides global investors an opportunity to invest in the Indian climate change opportunity.
EverSource was shortlisted by the UN-convened Net-Zero Asset Owner Alliance (The Alliance). The Alliance is a group of institutional investors delivering on the commitment to transition their investment portfolios to new-zero greenhouse gas emissions by 2050. The Alliance shows united investor action to align portfolios with a 1.5-degree scenario, addressing article 2.1c of the Paris Agreement.