Gaya Capital - Climate Tech Mandate
2021 – 2023 Engagement Series

Climate
Tech Mandate

Lead Client

DNX Ventures

Phase Evolution

Policy to Deployment

PHASE I / 2021 //

ESG Strategic Advisory

Establishing the Governance Chassis.

The 2021 engagement established the institutional standards required for high-tier LP reporting. This involved a 16-week cycle to benchmark peers and define Material Metrics tailored to the tech sub-sector.

ESG Policy

Authored formal governance and scope for DNX Management.

Benchmarking

Comparative analysis vs global institutional peers.

Roadmap

3-5 year phased objectives for fund-level integration.

2021 Milestone

"Successfully defined DNX's ESG Policy, focusing on 'Owners' for each metric and establishing a Due Diligence Questionnaire (DDQ) for pre-investment risk screening."

PHASE II / 2023 //

Market Research

Transitioning from Reporting to Intelligence. Building on our 2021 foundation, the 2023 research identified specific decarbonization moats.

Carbon Markets

$261B

Focused on the shift from Voluntary to Compliance markets.

Smart Grid / EaaS

$262B

Energy-as-a-Service model with an 17.9% CAGR target.

Agrivoltaics

$11.1B

Platform play for rural decarbonization in Japanese farmlands.

Venture Scalability Matrix

Grid Infrastructure Moat: Hardware/CapEx
Solar Manufacturing Moat: Manufacturing
Agri-Platform Moat: Network Effect
Carbon API/SaaS Moat: Data Standard

Engagement Pillars

  • 2021: Governance

    Materiality assessment & Policy drafting.

  • 2022: Intelligence

    Carbon Accounting & Portfolio Transparency.

  • 2023: Deployment

    Agrivoltaics & Smart Grid Moats.

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