Engineering and professional services firm WSP announced today the acquisition of consulting and advisory firm Climate Finance Advisors.
Founded in 2015, Climate Finance Advisors is a women-owned firm specializing in advising on climate-aligned investment. The company helps clients to manage climate risk, capture climate investment opportunities and integrate climate considerations into investment approaches. The firm’s services include the development of climate strategies including portfolio, program, and project design, climate investment due diligence, blended finance, working with donors and funders to help identify and deploy private capital for climate programs and funds, and incorporating climate risk considerations into financial products, services, and operations.
Stacy Swann, CEO and founding partner of Climate Finance Advisors, said:
“Since our founding, our team of finance practitioners has worked with a broad range of clients to integrate climate considerations across strategy, investment products and risk management. Through this partnership with WSP, we are excited to help more clients enhance and protect value and transition to the net-zero and climate-resilient future with greater speed and scale.”
Climate Finance Advisors will join WSP’s U.S. operating company WSP USA’s Climate, Resilience and Sustainability (CRS) team. The company launched the CRS team early last year, centralizing a wide range of services within the firm, aiming to help clients solve challenges related to equitable climate mitigation, asset and infrastructure adaptation and emergency management.
Lou Cornell, WSP USA Chief Executive Officer, said:
“Every sector and industry will be transformed by climate change and financing the net-zero, resilient transition is critical, as is delivering on the global goal to meet this target by 2050 – a commitment which WSP has joined. CFA’s deep reservoir of in-depth policy, financial, technical and international development expertise will be deployed in conjunction with our leading sustainability strategy and resilient infrastructure capabilities to build competitive advantages for our clients worldwide.”