Global EverGreening Alliance Under Administration; Restore Africa Programme No Longer Planned for Further Investment

London, United Kingdom, 1 July 2026 – Climate Asset Management (CAM), a natural capital asset management firm, today confirmed that its Nature Based Carbon Fund (NBCF) will withdraw from the voluntary administration process to recapitalise the Global EverGreening Alliance (GEA), following GEA’s filing for voluntary administration, due to lack of appropriate operational and financial management of the Restore Africa programme.

No carbon credits have been generated by the Restore Africa programme. The programme did not progress through validation or verification as a carbon project.

On 23 March 2026, GEA, the organisation responsible for coordinating and managing delivery of Restore Africa, entered voluntary administration. Since then, NBCF has worked through the formal administration process to assess whether there was a credible and responsible route to preserve, restructure or redesign the programme. Following its assessment, it has been concluded that Restore Africa cannot continue responsibly in its current form. CAM confirms that farmers will retain the rights to the trees already distributed through the programme and this decision does not affect their ability to keep, manage or benefit from those trees.

Climate Asset Management’s Senior Executives said:

“This was a difficult decision, and not one we have taken lightly. Since GEA entered voluntary administration, CAM has worked to understand whether Restore Africa could be responsibly preserved, restructured or redesigned. That work led us to conclude that the programme cannot continue responsibly in its current form.

We recognise what Restore Africa has meant to the farmers, communities and partners involved, and the uncertainty this creates for them. Farmers will retain rights to the trees already distributed through the programme, and this decision does not affect their ability to keep, manage or benefit from those trees.”

In case you have been affected due to the programme and have a grievance, please contact Grievance@climateassetmanagement.com.

ENDS

About Restore Africa

Restore Africa is a large-scale nature-based-carbon and landscape restoration programme across Kenya, Uganda and  Malawi,  designed  to  support  smallholder  farmers  to  plant  trees,  improve land management and generate carbon credits alongside environmental and livelihood benefits. The programme has not generated any carbon credits and has not been validated under a recognised carbon methodology.

The decision relates solely to Restore Africa. NBCF’s other investments operate under separate partners and governance arrangements and are unaffected. CAM remains committed to high-integrity natural capital and carbon investments.

About Climate Asset Management

Climate Asset Management, a partnership between HSBC Asset Management and Pollination, delivers investment solutions that address climate change and biodiversity loss by mobilizing capital into natural capital and nature-based solutions. Through its Natural Capital and Nature-Based Carbon Strategies, the firm seeks to generate returns while also delivering measurable environmental and social impact.

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Climate Asset Management Limited is authorised and regulated in the UK by the Financial Conduct Authority (FRN 944222).

For more information, visit www.climateassetmanagement.com.

Contact us at contact@climateassetmanagement.com.