Last week, Pitchbook released the results of a global survey of investors and advisors about sustainable investments. Across a mix of LPs, GPs, Fund of Fund Managers, and other private market ecosystem participants (including angel investors), survey participants provided insights into impact investing, environmental, social, and corporate governance (ESG) policies, and the evolution of this rapidly maturing industry.
Of particular interest, the report features an interview with Christine Tsai, CEO and Founding Partner of 500 Startups, on ESG policies in early-stage startups. As she notes, “one common misconception is that it’s too early for young companies to integrate ESG policies…but it’s never too soon [for VCs] to raise awareness by asking startups in their formative stages to think hard about the long-term impact of their actions as they outline their mission.” Strong ESG leadership allows companies, even startups, to capture opportunities and mitigate risk that may otherwise be overlooked.
At RVC, we are often thinking about how to mobilize capital in a more inclusive, sustainable and impactful way. This week, the RVC team is virtually attending SOCAP, a world-renowned conference series dedicated to increasing the flow of capital toward social good (say “hi” if you are attending too!). We are also looking forward to bringing together women founders, funders, and allies for an evening of community-building and angel investing at Reversing the Trend: Funding Female Founders on November 19. We hope to see you at an upcoming event soon!