B Capital Bolsters Climate Investment Efforts with Key Appointments

B Capital
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Global multi-stage investment B Capital announced the expansion of its climate investment platform with the appointments of Rich Lesser and Jeff Johnson, marking a significant advancement in its commitment to sustainability and climate initiatives.

Lesser, Global Chair and former CEO of Boston Consulting Group (BCG), assumes the role of Vice Chair, Climate & Sustainability, and Senior Advisor at B Capital, aiming to steer the firm’s strategic direction in the pivotal areas of climate and sustainability.

He continues his association with BCG, enhancing the synergy between the two organizations in addressing climate change.

Jeff Johnson steps in as General Partner to lead B Capital’s climate investment team, bringing nearly a quarter-century of experience in sustainable technology to the table.

His appointment underscores B Capital’s dedication to supporting leading climate entrepreneurs through strategic investment.

Raj Ganguly, Co-founder and Co-CEO of B Capital, expressed enthusiasm about Lesser’s formal engagement with the firm, citing his unparalleled expertise in climate and sustainability leadership.

Eduardo Saverin, Co-founder and Co-CEO, emphasized the critical timing of integrating climate strategies into business models and expressed confidence in the significant roles Lesser and Johnson will play in partnering with climate-focused entrepreneurs.

B Capital is poised to address the urgent need for innovation and resources to combat climate change, with an estimated annual investment of $5 trillion required by 2030 to meet international net zero targets.

The firm aims to leverage its global presence and strategic partnership with BCG to invest in businesses striving for these ambitious goals.

Lesser, acknowledging his longstanding relationship with B Capital, expressed eagerness to contribute to the firm’s climate and sustainability ambitions, leveraging innovation for economic decarbonization.

Johnson, highlighting the necessity for big ideas and complex solutions in combating climate change, looks forward to assisting climate entrepreneurs in scaling their impact.

These strategic appointments follow the addition of Don Wood as a Venture Partner focusing on climate and align with B Capital’s recent investments in sustainable ventures like Patch Technologies and Accacia.

The firm, founded in 2015, continues to grow its climate investment team and portfolio, reinforcing its position as a key player in the transition to a more sustainable and resilient global economy.