Morrison & Co is a Wellington-headquartered global asset investment firm working with Trees That Count to help deliver its commitment to being climate positive.
Morrison & Co is one of the few global asset management firms dedicated to investing in high quality infrastructure. It focuses on assets that deliver essential services to local communities, and was one of the first to invest in large-scale renewable energy. Its team has also taken the extra step of looking for a positive return for the climate through Trees That Count.
Guided by a purpose to “invest wisely in ideas that matter”, Morrison & Co has identified decarbonisation as a core theme underpinning its decision-making. After three decades of successful investing, it now manages over $21 billion worth of funds across the globe for its clients.
The company has committed to being climate positive. It is seeking to eliminate CO2 emissions altogether where possible, and as a part of its mitigation actions has started a partnership with Trees That Count to contribute native trees for significant forestation projects.
According to Jon Collinge, Sustainability Director at Morrison & Co, working with Trees That Count is an ideal way to track and monitor its progress, and also to see the result of the team's hard work.
“We are high-conviction investors,” says Jon. “We take a rigorous and analytical approach to our investment decisions, and we like the robust approach adopted by Trees That Count through its partnership with Tāne’s Tree Trust.”
“The CO2 calculator, based on several growth models and allometric equations, was developed specifically for New Zealand’s native trees and shrubs, which appeals to our kiwi heritage and commitment to investing in local communities.”
Within just a few months, Morrison & Co’s funding has contributed nearly 10,000 native trees to 16 different planting projects throughout New Zealand.
One of the projects to receive native trees from Morrison & Co is Ligar Ngahere, a 50-hectare block of land in Golden Bay bordered by Abel Tasman National Park that was logged of Pinus Radiata in 2011. The project’s vision is to connect these areas together and to provide an opportunity for the regeneration of native forests, reduce erosion, flooding and coastal infill.
“We are thrilled to contribute 600 native trees to this beautiful area of New Zealand,” says Jon.
“This is our first year of being a funder and we look forward to continuing to grow our partnership with Trees That Count.”