Other Group

Quadrature Climate Foundation

Website:

quadrature.ai/foundation/

Type:

Environmentalist Grantmaker

Founded:

2019

Location:

London, United Kingdom

CEO:

Remi Bouteille

Budget (2022):

Revenue: £130,258,181

Expenses: £130,327,693 1

References

  1. “Quadrature Climate Foundation – Charity 1187301.” About the register of charities. Accessed April 16, 2023. https://register-of-charities.charitycommission.gov.uk/charity-details/?regid=1187301&subid=0.

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Quadrature Climate Foundation is a London-based environmentalist grantmaking foundation. It is the official foundation of Quadrature Capital, which is reported to have committed to contributing over $100 million to the group annually. 1

Background

Founded in 2019, Quadrature Climate Foundation is the private foundation of Quadrature Capital, a London-based investment firm that manages over $3.2 trillion in assets. 2 It is reported that Quadrature Capital committed to fund Quadrature Climate Foundation to make over $100 million a year in grants to environmentalist groups. 3

Quadrature Climate Foundation advocates for reducing conventional energy use and human activity such as creating farms beyond the commitments in the Paris Climate Agreement. It argues that the Paris Agreement does not implement drastic-enough environmentalist policies to restrict use of conventional energy as well as agricultural practices that it claims are behind the carbon emissions. 4

Grantees

Quadrature Climate Foundation’s website lists Mapbiomas, Campaign Bootcamp, and the Global Cooling Prize as organizations that it financially supports. Mapbiomas creates maps of the different biomes in Brazil and uses the maps to advocate against deforestation in specified areas. Campaign Bootcamp provides resources for left-of-center activist groups to run campaigns. The Global Cooling Prize invites engineers to design residential air conditioning that minimizes energy consumption and use of refrigerants that are deemed pollutants. 5

Quadrature Climate Foundation’s website also lists the environmentalist groups Canopy, Carbon Tracker Initiative, Global Cooling Prize, Nature 4 Climate, and Woods Hole Research Center as grantees. 6

Quadrature Climate Foundation is listed by the Audacious Project as a partner, which it defines as being either a donor or collaborator. 7

People

Remi Bouteille is the CEO of Quadrature Climate Foundation. He also co-founded Spark Climate Solutions and has previously served as an advisor for Climate Pathfinders Foundation. 8

Suneil Setiya has worked as CEO of Quadrature Capital since its inception and is listed as a trustee for Quadrature Climate Foundation. From 2007 to 2011, Setiya worked as CEO for Roco Design, a home design company, and prior to that, he held various positions in equity trading as a quantitative researcher. 9

Funding

According to public data, Quadrature Climate Foundation reported £130,258,181 in revenue and £130,327,693 in expenditures for the fiscal year ending June 30, 2022. 10

References

  1. “Can We Reimagine Philanthropy as If It Takes on Transformational Climate Challenges in a More Systemic Grant Process?” The Futures Centre, August 27, 2021. https://www.thefuturescentre.org/can-we-reimagine-philanthropy-as-if-it-takes-on-transformational-climate-challenges-in-a-more-systemic-grant-process/.
  2. “Quadrature Capital LTD 13F Annual Report (2023).” wallmine. Accessed April 15, 2023. https://wallmine.com/fund/1hp/quadrature-capital-ltd.
  3. “Can We Reimagine Philanthropy as If It Takes on Transformational Climate Challenges in a More Systemic Grant Process?” The Futures Centre, August 27, 2021. https://www.thefuturescentre.org/can-we-reimagine-philanthropy-as-if-it-takes-on-transformational-climate-challenges-in-a-more-systemic-grant-process/.
  4. [1] “Foundation.” Quadrature Climate Foundation. Accessed April 16, 2023. https://quadrature.ai/foundation/.
  5. “Our Work.” Quadrature Climate Foundation. Accessed April 16, 2023. https://quadrature.ai/foundation/our-work/.
  6. “Our Work.” Quadrature Climate Foundation. Accessed April 16, 2023. https://quadrature.ai/foundation/our-work/.
  7. “About.” The Audacious Project. Accessed April 16, 2023. https://www.audaciousproject.org/about.
  8. carbongap_admin. “Trustee Board Announcement.” Carbon Gap, March 6, 2023. https://carbongap.org/trustee-board-announcement/.
  9. “Suneil Setiya.” LinkedIn. Accessed April 16, 2023. https://uk.linkedin.com/in/suneil-setiya-835b981.
  10. “Quadrature Climate Foundation – Charity 1187301.” About the register of charities. Accessed April 16, 2023. https://register-of-charities.charitycommission.gov.uk/charity-details/?regid=1187301&subid=0.
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