ENGINE NO. 1
Engine No. 1 is an impact investment group built to create long-term value by harnessing the power of capitalism.
ENGINE NO. 1
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Industry:
Finance Financial Services Impact Investing
Founded:
2020-01-01
Status:
Active
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Current Employees Featured
Founder
Investments List
| Date | Company | Article | Money raised |
|---|---|---|---|
| 2022-04-21 | Crusoe Energy Systems | Engine No. 1 investment in Series C - Crusoe Energy Systems | 350 M USD |
| 2022-04-12 | Natural Fiber Welding | Engine No. 1 investment in Series B - Natural Fiber Welding | 85 M USD |
| 2022-04-05 | Gogoro | Engine No. 1 investment in Post-IPO Equity - Gogoro | 295 M USD |
More informations about "Engine No. 1"
Engine No. 1 - Wikipedia
Engine No. 1 was founded by Christopher James with $250 million of his own funds in December 2020. The name refers to one of the oldest fire stations in San Francisco, the city the fund is based in. Charles Penner, who previously worked at Jana Partners, an activist fund pushing Apple to work more on limiting children's smartphone usage, and Jennifer Grancio, who co-founded BlackRock's iShares exchange traded funds business, were also members of the founding team. See details»
The Little Hedge Fund Taking Down Big Oil - The New York Times
Jun 23, 2021 Engine No. 1 had gained a foothold at the board of Exxon Mobil based largely on the strength of its argument that failing to plan for the impact of climate change could spell the …See details»
Engine No. 1: The little hedge fund that shook Big Oil
May 28, 2021 Engine No. 1 was set up by veterans in the investment industry. Chris James, the fund’s founder, worked for a range of investment firms beginning in 1991, and co-founded Andor Capital Management ...See details»
The inside story of how tiny hedge fund Engine No. 1 …
Jun 10, 2021 That’s thanks to Engine No. 1, a hedge fund that didn’t even exist a year ago. Chris James, the investor who launched the investment firm in late November 2020, isn’t a climate activist.See details»
Q&A: The Activist Investor Who Shook Up the Board at …
May 17, 2022 While Engine No. 1 held only a tiny number of shares, it waged a six-month campaign and convinced large investors like BlackRock and State Street that Exxon needed fresh faces on its board of ...See details»
ESG Activists Met the Moment at ExxonMobil, But Did They …
Feb 16, 2023 Engine No. 1 would focus on what Kramer refers to as “bad-impact companies”—fossil fuel giants that clean-energy investors generally shun. James and his team …See details»
After shaking up Exxon’s board, Engine No. 1 widens sights
Dec 27, 2021 NEW YORK (AP) — Few had heard of Engine No. 1 until it shocked corporate America this year by pushing Exxon Mobil to revamp its board of directors, in part to focus …See details»
Engine No. 1 extends gains with a third seat on Exxon board
Jun 3, 2021 Engine No. 1 nominee Alexander Karsner, a strategist at Google owner Alphabet Inc , won the fund's third seat out of its 12-member board, according to a regulatory filing.See details»
EXCLUSIVE Engine No. 1 aims to tie company valuations to climate …
Sep 13, 2021 Engine No. 1, which won an against-the-odds board challenge against Exxon Mobil Corp earlier this year, is publishing a framework for investing on Monday that pushes for …See details»
Reassessing Engine No. 1’s Fight Against Exxon Mobil - The New …
May 31, 2023 Big investors grew impatient with leadership as the stock languished: BlackRock, State Street, Vanguard and the New York and California public pension funds all backed …See details»
Exxon nemesis Engine No. 1 drops activism in hunt for new identity
Aug 9, 2023 Engine No. 1 burst on to corporate America’s radar in 2021 as the little hedge fund that bested ExxonMobil. The investor holding 0.02 per cent of the oil major’s shares won three …See details»
Exxon Mobil One Year Later - Engine No. 1
May 25, 2022 Engine No. 1 undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise. …See details»
Engine No. 1: An Impact Investing Firm Engages with ExxonMobil
In the summer of 2021, a start-up impact investing hedge fund, Engine No. 1, invested $38 million in ExxonMobil stock and mounted a proxy fight to change the company's direction by electing …See details»
Little Engine No. 1 beat Exxon with just $12.5 mln - sources
Jun 29, 2021 Activist investor Engine No. 1 spent roughly $12.5 million to win three board seats at Exxon Mobil Corp(XOM.N), less than half its originalbudget, for the year's biggest and most …See details»
Engine No. 1’s big win over Exxon shows activist hedge funds …
May 26, 2021 Engine No. 1 was hoping to replace a third of the oil giant’s board of directors with four individuals who have more clean energy experience. The hedge fund was also seeking …See details»
After shaking up Exxon’s board, Engine No. 1 widens its sights
Dec 28, 2021 Activist investor Engine No. 1 successfully battled to install three directors on the board of Exxon Mobil, the energy giant whose assets include this refinery in St. Bernard …See details»
After Exxon win, Engine No. 1 turns to diversity, workforce issues
Jan 12, 2022 After scoring a landmark win at Exxon Mobil Corp over climate concerns last year, activist investor Engine No. 1 is broadening its sights to press companies on diversity and …See details»
A New Way of Seeing Value - Engine No. 1
Organization & Environment, 33(4): 575-596, Townsend, B. 2020. From SRI to ESG: The Origins of Socially Responsible and Sustainable Investing. ... The chart does not represent the …See details»
Engine No. 1 CEO, Investors on the Historic Exxon Proxy Vote
Jul 14, 2021 Jennifer Grancio, CEO, Engine No. 1, Lorraine Kelly, Head of Governance Solutions, ISS, and Aeisha Mastagni, Portfolio Manager, CalSTRS, explore how investors can …See details»