An Evidence-Based Strategy for Decarbonization by 2035
Funding breakthrough technologies to reach emission goals. A hybrid fund bridging high-potential climate startups and institutional investors — enabling sustainable, long-term value creation.
An Evidence-Based Strategy for Decarbonization by 2035
Funding breakthrough technologies to reach emission goals · April 2026
€100MCapital Target
15%Annual IRR Target
2°CParis Aligned
2035Horizon
Our Origin
From Scientific Research to Practical Solution
Our evidence-based research, led from 2021 to 2024, examines how Socially Responsible Investment (SRI) strategies translate into verifiable environmental and financial outcomes within listed portfolios.
Our findings reveal a critical investment gap in climate innovation, particularly within high-emitting sectors. To address this, we developed the NET-ZERO INNOVATION FUND — a practical solution designed to foster a symbiotic ecosystem between established industry leaders and emerging technologies.
The Research Gap
Management science demonstrates that sustainable investment yields mixed results for both environmental impact and financial performance, particularly in high-emission sectors.
The Investment Gap
European R&D investment stands at €128B in 2024, with only 2.5% dedicated to environmental innovation (Eurostat, 2024).
The Solution
We bridge the funding gap between high-potential startups and institutional investors, enabling sustainable, long-term value creation.
Investment Approach
A Hybrid Fund Driven by Evidence-Based Investment
Opportunities with Target Companies across two distinct asset classes.
Listed Companies
Carbon-Intensive Sector Leaders
High innovation costs and long-term ROI cycles drive companies in carbon-intensive sectors to cooperate, pooling resources to leverage shared investments and accelerate decarbonization. (Blondel & Gaultier-Gaillard, 2006).
Private Companies
Environmental Innovation SMEs
SMEs allocate the largest share of their revenue to R&D, averaging 9% of turnover. Private Equity acts as a catalyst for innovation, with a proven positive impact on patent filing rates. (Amess, Stiebale & Wright, 2016).
Scientific Research
Analytical Model: 4 Hypotheses to Identify the Moderating Role of SRI
Problem of Practice
The exponential growth of SRI market has introduced critical operational and fiduciary challenges for asset managers. While capital allocators increasingly seek verifiable evidence of both environmental impact and financial alpha, the causal link between these objectives remains difficult to measure.
Literature Review
Management science demonstrates that sustainable investment currently yields mixed results regarding both environmental impact and financial performance, particularly for listed companies in high-emission sectors.
Research Methodology
We conducted an Empirical research based on a sample of 21 SRI-labeled Funds issued by the largest French asset manager, over the 2020–2022 period, analyzing actionable insights regarding the performance of 110 companies, representing €9.1 billion investment.
Our Findings
Key Research Outcomes
€128BEU R&D in 2024
2.5%Dedicated to Green Innovation
110Companies Analyzed
€9.1BInvestment Analyzed
Investment Gap
European R&D investment remains insufficient, with a mere 2.5% dedicated to environmental innovation (Eurostat, 2024).
Critical Innovation Gap
Environmental innovation remains the weakest performance link among listed companies, especially within carbon-intensive industries.
Negative Financial Moderating Role
SRI has a negative impact on financial performance of polluting businesses, revealing a tension between current SRI tools and value creation.
SRI Does Not Drive Innovation
SRI improves 'Emissions' and 'Resources' performance — but does not improve environmental 'Innovation' of polluting businesses.
Our Proposal
Raise a Hybrid Alternative Investment Fund based on a Long-Term Strategy
Classified Art. 9 SFDR, the Fund targets European companies: start-ups operating in climate innovation, and listed companies in high-emission sectors committed to decarbonization.
The Fund targets a €100M capital raise with an annual Internal Rate of Return of 15% by 2035 (based on historical data). The Fund aligns with the Paris Agreement (2°C target by 2100) and the EU Green Deal (Net Zero by 2050).
A clearly defined fund structure with verifiable environmental and financial targets, anchored in peer-reviewed research and regulatory frameworks.
€100MCapital Target
15%IRR Target
2035Horizon
Art. 9SFDR Class
The Fund
5 Key Pillars to Increase SRI Influence in the Environmental / Financial Nexus
01
Prioritize Green Revenues
Target assets that generate tangible environmental outcomes, ensuring capital flows toward verifiable impact.
02
Optimize Selection
Transition from simple exclusion to a rigorous "best-in-class" approach — selecting the highest-performing companies within each sector.
03
Active Management
Shift from passive index-tracking to active portfolio management to maximize both environmental and financial alpha.
04
Target Climate-Critical Sectors
Focus capital on high-impact, profitable sectors such as power generation and energy storage, where transition is urgent and value-creating.
05
Active Stewardship
Engage in Direct Engagement to influence the strategic direction of portfolio companies toward decarbonization.
Geographic Focus
Focus on Europe
The Fund exclusively targets European companies — both climate innovation start-ups and listed companies in high-emission sectors — aligned with the EU Green Deal and the Paris Agreement's 2°C trajectory.
Optimization
Target Industries that Matter the Most
Scientific evidence indicates that breakthrough innovations in industrial processes bolster corporate viability. In manufacturing, a robust patent portfolio is a primary indicator of long-term operational resilience. (Ortiz-Villajos & Sotoca, 2018).
Primary Sector
Electric Energy Power
The sector with the highest emission reduction potential and the lowest marginal cost (OECD, 2013). Energy efficiency and renewable energy remain the two primary investment priorities for institutional investors. (Morgan Stanley, 2024).
Sectors selected through the evaluation matrix (Nguyen & Clostre, 2021), assessing the urgency of environmental transition against the quality of identified innovation fields. (Harvard Business Review France — "HBR Matrix").
Selection
Criteria Defined to Mitigate Risk and Enhance Performance
Pre-qualified Deal Flow
High-Signal Leads Only
We target high-signal leads by limiting the pool to those who have already met strict baseline requirements:
› Access to 297 laureates within the French national green tech support program.
› Leveraging a pool of 488 innovative companies backed by the Luxembourg National Innovation Agency.
HBR Matrix Targeting
High-Impact, Profitable Niche Assets
We target assets within carbon-intensive sectors, classified as "polluting", that fall within specific quadrants of the HBR Matrix:
› End Zone — Immediate urgency to innovate requiring deep, structural transformation.
› Hazard Ahead — Moderate urgency where profound long-term transformation must be initiated now.
Engagement
Turning Transition Risk into Long-Term Value
Through collaborative engagement with portfolio companies and global financial leadership networks.
600+
Climate Action 100+ Network
As a member alongside 600+ global investors, we are committed to engaging with carbon-intensive companies. Our mission is to drive their decarbonization strategies and ensure clear accountability.
Goal: transition companies out of the CA100+ list by meeting their decarbonization targets.
5,000+
Principles for Responsible Investment (PRI)
Joining 5,000 global financial leaders as a signatory of the PRI — binding us to the six founding principles and ensuring alignment with the Paris Agreement.
Target: achieve the "PRI Award," granted annually to sustainable investment funds with proven impact.
Contact Us
Let's Build a Truly Sustainable Economy Together
"By leveraging an evidence-based framework, we can deliver meaningful environmental impact alongside competitive financial returns."
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Emailcontact@netzeroinnovationfund.eu
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LocationLuxembourg, Grand Duchy of Luxembourg European Union
Fund Classification
Alternative Investment Fund (AIF) Article 9 SFDR — Qualified Financial Advisors Only
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Fund Management
A First-Time Fund Manager with a Track Record Built on Strong Academic & Professional Background
Leïla Kamara's career is defined by a passion for asset management challenges. She brings 20 years of experience acquired in Paris and Luxembourg across UCITS and AIFs, including Private Equity.
She has supported over thirty international investment firms — including mutual funds, private bankers, and broker-dealers — in their outsourced operations. She has worked with the most prestigious banking institutions, such as BNP Paribas and Société Générale.
Over the past decade, she has overseen a €50M Project Portfolio and +€200B Assets under services. She is the Founder of Kamara Advisory — the labeled Social Impact Company of the Grand-Duchy of Luxembourg, promoting Sustainable Investment with a focus on Environmental Impact.
Academic Recognition:
🏆 Impact Prize — Business Science Institute🏆 DBA Thesis Award in International Management — ATLAS-AFMI🏆 Top 3 DBA Thesis in Strategic Management — AIMS
Dr. Leïla Kamara
Fund Manager & Lead Strategist
Founder of Kamara Advisory — Social Impact Company, Grand-Duchy of Luxembourg
Executive DBA — Business Science Institute, Luxembourg
DBA — IAE Lyon School of Management, France
MBA — ESG Group · Master's — ESCG Paris
CFA: Investment Foundations & Climate Risk Valuation and Investing
20+ years across UCITS, AIFs & Private Equity — Paris & Luxembourg
