SEATTLE, Feb. 13, 2023 — The inauguration of Earth Finance, a corporate strategy and climate investing organization that embraces the nexus of design, supporting public policy, and science. Earth Finance offers customers financially responsible and operationally feasible alternatives to decarbonization. It was founded by veteran climate strategy advisor Garrett Kephart, former Washington State Senator Reuven Carlyle, and institutional investment executive Bryan Weeks. As part of a seed round of financing, the company received USD 14M from private investors.
“Many businesses aim to achieve net zero or net positive status by 2050 or before. A completely new style of thinking and doing is needed to accomplish those goals while also allowing for further growth, “said Earth Finance President Garrett Kephart. “Earth Finance helps its worldwide clients re-engineer their companies and investments to reach – and flourish in – a net zero future by utilizing inter-disciplinary knowledge.”
A new study from BloombergNEF indicates that in 2022, investments in sustainable energy technology increased by 31%, matching capital expenditures for fossil fuels. This capital reallocation demonstrates a commitment to achieving the IPCC-identified goal of reducing global greenhouse gas emissions by 45% by 2030 compared to 2019 levels, which keeps Earth’s warming to 1.5 degrees. The Intergovernmental Panel set this goal on Climate Change (IPCC). Corporate Strategy, Investing, and Technology Solutions are three complementing services offered by Earth Finance, which assist businesses in growing their income while preparing for a 1.5-degree future at the same time.
Earth Finance clients work in various sectors, including retail, biochemicals, renewable energy, agriculture, financial services, and asset management. The three founding partners, from Seattle, bring extensive industry knowledge to the intricate nexus of technology, public policy, consulting, and investing.
With more than 25 years of experience in the financial industry and team development, Earth Finance’s CEO, Bryan Weeks, was formerly in charge of Russell Investment’s Americas Institutional unit. Reuven Carlyle, a former state senator from Washington who served for 14 years and served as chair of the Senate Environment, Energy & Technology Committee, is credited with creating several state-level climate laws that are now widely recognized, including 100% clean energy, cap and invest carbon pricing and clean fuel standards. Garrett Kephart, president of Earth Finance, is a seasoned executive and management consultant with more than 20 years of expertise in developing solutions for sustainability, social impact, and growth.
Reuven Carlyle, chief sustainability officer, stated, “we think faster climate action, sustainability, and deep decarbonization are consistent with revenue growth and fiduciary financial management. We think it’s feasible to decarbonize the global economy in fiscally responsible ways and promote community fairness, resilience, and market success.”
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