British International Investment (BII), the UK’s development finance institution and impact investor, is pleased to announce the shortlist of finalists in its Call for Proposals (CfP) to accelerate private climate finance into emerging markets and developing economies.
The initiative is seeking innovative, best-in-class investment strategies that leverage concessional capital to overcome market barriers. The goal is to unlock greater levels of private investment in climate-related projects across emerging markets and developing economies.
Launched under BII’s £100 million Mobilisation Facility and delivered in partnership with global investment firm Mercer, the CfP attracted 27 proposals from a diverse pool of asset managers, banks, fund managers and impact investors across the City of London and beyond.
After a rigorous evaluation process led by a panel of industry experts, five organisations have been shortlisted including Amundi, BlueOrchard, Finance in Motion, Standard Chartered and a climate-focused fund manager.
These finalists will now proceed to the next stage of BII’s Investment Committee process. Up to three will be selected to receive funding from the £50 million allocation available under the Mobilisation Facility. Final decisions are expected in Q4 2025.
BII extends its sincere thanks to Mercer for their partnership and expertise throughout the process. We also thank the judging panel of industry experts for their time and insights in evaluating the proposals. Their contributions were instrumental in identifying high-potential strategies that can drive meaningful climate impact.
The judging panel included:
- Andrew Brown, Chief Investment Officer Equity and Funds, BII
- Ngalaah Chuphi, Founder, Taru Capital
- Mark Fawcett, CEO, Nest Invest
- Jo Fry, Managing Director and Head of Intermediated Financial Services, BII
- Ryan Wagner, Director and Head of Infrastructure and Climate Funds, BII
- John Walker, Chair, Eastpoint Partners Ltd
- Faith Ward, Chair, IIGCC & Chief Responsible Investment Officer, Brunel Pension Partnership
For the remaining available Mobilisation Facility, BII will continue to seek new projects through our standard investment channels and across a range of sectors, regions and financing products.
This initiative reflects BII’s broader commitment to climate finance. Over the last three years, BII has invested over $2 billion in climate finance and mobilised over $1 billion of private capital into climate projects across emerging markets and developing economies.
Leslie Maasdorp, BII CEO commented: “This initiative represents a critical step forward in our mission to scale climate finance where it’s needed most. We congratulate the shortlisted organisations for their innovative proposals and for reaching this important stage. Their work reflects the kind of ambition and creativity required to unlock private capital for climate action in emerging and developing economies. We look forward to the next phase of the process and to supporting solutions that can deliver real impact.”
Mark Fawcett, Nest Invest CEO, said: “I am pleased to have joined the judging panel of this important initiative to unlock value in climate finance across emerging markets and developing economies. I am particularly impressed by the sophistication and innovation of the proposals, which demonstrated the UK is in a strong position as global leader to mobilise capital towards sustainable investment opportunities across these markets. Congratulations to the shortlisted organisations on their excellent work.”
Faith Ward, Brunel Pension Partnership Chief Responsible Investment Officer, added: “Shortlisting proposals for the BII mobilisation competition was a tough ask, given the array of innovative and inspiring responses. The proposals clearly illustrated the enthusiasm and creativity the financial sector can offer in catalysing investment in climate solutions and resilience in emerging markets.”
