Lime Rock New Energy Signs The Principles for Responsible Investment (PRI)
Westport, Connecticut, March 1, 2023 – Lime Rock New Energy, a growth equity investment partner for entrepreneurs building differentiated, innovative, and growing energy transition businesses announces that it has become a signatory to the United Nations-supported Principles for Responsible Investment (PRI). The PRI is the leading global network of investment managers, asset owners, and service providers committed to investing responsibly by incorporating Environmental, Social and Governance (ESG) factors into their investment practices and business operations.
“Our focus is on businesses that are delivering products or services that are accelerating the energy transition today,” said Mark McCall, Managing Director of Lime Rock New Energy. “We are proud to further demonstrate our commitment to delivering positive environmental impact as a signatory to the UN-supported Principles for Responsible Investment.”
Mark Lewis, Managing Director of Lime Rock New Energy added “the Principles for Responsible Investment are a natural fit with LRNE’s approach of investing in businesses that are driving meaningful – and quantifiable – reductions in carbon emissions through the use of their products or services. Our focus on ESG starts at the earliest stages of the evaluation of a potential investment and carries through the investment, monitoring, and exit.”
David Atkin, CEO at the Principles for Responsible Investment, comments: “We are pleased to welcome Lime Rock New Energy as a signatory to the PRI. Directing capital flows towards the decarbonization of the real economy is a key component of an effective responsible investment strategy and we look forward to working alongside LRNE on this important topic.”
As a signatory, LRNE incorporates the PRI’s six Principles for Responsible Investment into its investment, due diligence, and portfolio management practices to create a more sustainable environment via its investment activities.
About Lime Rock New Energy:
Lime Rock New Energy is a growth equity investment partner for entrepreneurs building differentiated, innovative, and growing energy transition businesses. We invest in companies across three critical sectors: products and services to drive faster adoption of renewable energy and grid modernization, energy efficiency for industry and the built environment, and decarbonization of transportation. In partnering with entrepreneurs leading growing businesses that reduce carbon emissions, we seek to accelerate their companies’ growth with capital, strategic and process experience, operations expertise, and Lime Rock New Energy’s deep network of relationships across all facets of the new energy economy. For more information, please visit www.lrnewenergy.com.
About The Principles for Responsible Investment:
The Principles for Responsible Investment (PRI) is the world’s leading proponent of responsible investment. Supported by the United Nations, it works to understand the investment implications of environmental, social and governance (ESG) factors and to support its international network of investor signatories in incorporating these factors into their investment and ownership decisions. The PRI acts in the long-term interests of its signatories, of the financial markets and economies in which they operate and ultimately of the environment and society as a whole. Launched in New York in 2006, the PRI has grown to more than 4,600 signatories, managing over $121 trillion AUM. Visit www.unpri.org.
For more information, please contact:
Mark Lewis, Managing Director, Lime Rock New Energy – firstname.lastname@example.org