While having a conference in Switzerland a few years ago, I met a lady from Samoa. Since I had researched Pacific Islanders in my undergraduate studies, I was excited to start a conversation with her at that time. In our discussion, I gained that Samoa, as a small island country, was suffering from the risks and damages of climate change brought by other countries. Apart from the sea level of Samoa rising yearly, some villages have been flooded, and local people were forced to leave their homes where generations have lived, which struck me to a large extent. It also leads me to think about what kind of technologies the world needs to systematically mitigate the disasters, risks, and injustices caused by climate change.
Fortunately enough, I have continued exploring with my curiosity, along which I have met excellent entrepreneurs committed to solving social and environmental challenges. For instance, D.light, which provides solar lanterns for families in Africa and South Asia; Norlha, a textile brand that includes education, employment and cultural protection for Tibetan herdsmen; the Ocean Cleanup, a non-profit organization aiming to rid the 90% oceans of plastic; Sylvain, who designed the “Paris 2024” for Paris Olympic Games with the concept of eco-branding. Meanwhile, working in the impact investing industry, I gained precious opportunities to communicate with investors, scholars and policy-makers who share common values and could observe the world through the eyes of so many far-sighted people.
Two years ago, with the same weight of confusion and doubt as curiosity, I started researching China's impact investment landscape in my master's studies at the University of Cambridge. This period was so precious that it allowed me to finally assemble all pieces of thinking, connect the dots, and build fresh understandings on impact investing, and 2060 Advisory was born naturally like a staged answer.
——Yijing Wang, Founding Partner & CEO of 2060 Advisory
2060 Advisory is an impact investing and financing advisory company dedicated to serving entrepreneurs in China who are willing to solve social and environmental problems, to obtain better matching and effective capital. We focus on projects within the scope of the transformation of carbon neutrality and 17 United Nations Sustainable Development Goals(UN SDGs).
Our core methodology derives from impact investment (“Impact investments are investments made with the intention to generate positive, measurable social and environmental impact alongside a financial return. ”(GIIN, 2021)). We dedicate to becoming an institution linking different departments and flexibly building a sustainable financial structure for the primary financial market in China. Our core businesses include financing advisory services for early-stage companies, fundraising services for impact investors and funds, and other advisory services for impact/sustainable investment.
2060 is the target year for China to achieve carbon neutrality, which we use as our name, referring to the sustainable future we foresee. At the core of this transition is the need to finance new technologies — the financial sector must unlock CNY 139 trillion ($22 trillion) across carbon-heavy industries for the 2020-60 period(CICC Research Institute, 2021). Within the scope, we have also set targets institutionally, which will be gradually published.
2060 Advisory (Hang Zhou) Co.,ltd.