Dear investors, dear friends of Blue Earth Capital

We are delighted to present the Blue Earth Capital Annual Impact Report 2021.
2021 was a year of big change. Establishing ourselves as Blue Earth Capital marked a
milestone as an independent, global impact investment firm. Despite our new name,
new offices, and expanding team, our mission continues to be to protect, preserve and
promote a more sustainable and inclusive future. Through our investments, we aim to
deliver long-lasting impact transforming socio-economic and environmental landscapes
around the world. In the Impact Report, we detail how we do just that.

Our platform has reached a total of USD 800 million in investor commitments (as of
June 30th,2022), which confirms to us that our dedication to creating sustainable and
long-term solutions while delivering market-rate returns is well understood and valued
by our investors. In 2021, we invested USD 91.5 million across 10 new investments
tackling the most pressing social and climate issues around the globe, bringing the total
committed capital to USD 361 million across 52 investments. In this Report, you will find
an overview of our impact investment approach and detailed information on the impact
created by our investments to date.

We would like to take this opportunity to thank all our investors for their trust and
valuable contribution.  We are very glad that you share our belief that private
investment, innovation and entrepreneurial talent can provide solutions to society’s
most pressing social and environmental challenges. We look forward to continuing this
mission and are excited for the opportunities that lie ahead. Together we can make a
real difference.  

Urs Witelisbach Stephen Marquardt
Co-Founder & Chairman CEO
Blue Earth Capital Blue Earth Capital