SPS ESG & Sustainable Asset Strategies for Pension Funds

GMO Climate Change Investing

We believe climate change is among the most important investment issues facing investors today. Exceptional opportunities for long-term investors abound in a world mobilizing to address climate change.

Profitability associated with efforts to mitigate and adapt to climate change are largely independent of the global economy. Climate change investors benefit from this unique source of return which complements a traditional portfolio.

Climate change investing remains an inefficient sector that is poorly understood. There are ample opportunities for value added through active management, a global approach, and a value discipline.

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Fact Sheet

Product Primer

Year End Letter

Climate Change Strategy

Climate Change Investment Fund (UCITS)


Climate Change Select Investment Fund (UCITS)


Climate Change Fund



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GMO Climate Change Strategy

In this video, Lucas White, Portfolio Manager, shares why we believe there are tremendous opportunities in the climate change sector, and importantly why we also believe that a disciplined, value-oriented approach and a careful examination of the fundamentals are critical in navigating a sector likely to be rife with hype and stories.


Lucas White

Portfolio Manager, Focused Equity

Mr. White is the lead portfolio manager for the Resources and Climate Change strategies. He is a member of GMO’s Focused Equity team and a partner of the firm. Previously at GMO, he was engaged in portfolio management for the Global Equity team, including responsibilities for the Quality, Tactical Opportunities, and U.S. Growth strategies. Prior to joining GMO in 2006, he worked at Standish Mellon Asset Management and MFS. Mr. White earned his bachelor's degree in Economics and Psychology from Duke University. He is a CFA charterholder.

Tom Hancock

Tom Hancock

Head of Focused Equity

Dr. Hancock is the head of the Focused Equity team, a portfolio manager for GMO’s Quality Strategies and a partner of the firm. Previously at GMO, he was co-head of the Global Equity team. Prior to joining GMO in 1995, he was a research scientist at Siemens and a software engineer at IBM. Dr. Hancock holds BS and MS degrees from Rensselaer Polytechnic Institute and a PhD in Computer Science from Harvard University.


Vineta Salale

Portfolio Strategist

Ms. Salale is a portfolio strategist on GMO’s Focused Equity team. Previously at GMO, she was engaged in client relationship management. Prior to joining GMO in 2016, she worked for Towers Watson, most recently as the Head of Global Bond Research, and as an Investment Analyst and Credit Analyst at the Commonwealth Bank of Australia. Ms. Salale earned her BCom in Business Economics and Finance from the University of New South Wales in Sydney, Australia. Ms. Salale is a CFA ESG Investing Certificate holder. Ms. Salale works out of GMO's London office.