Bridgespan Social Impact with contributions from Capricorn Investment Group
Climate Impact & Sustainability Data (2022, 2023, 2024)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:203,500 tCO2e (RNEW)
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:335 GWh (RNEW)
Water Consumption:42,300 million liters (RNEW)
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Climate Solutions
- Inclusive Capitalism
- Sustainable Markets
- Health and Wellness
Environmental Achievements
- RNEW generated 335 GWh of clean energy, enough for 31,400 households, abated 203,500 tCO2 equivalent emissions and saved 42,300 million liters of water.
- Respira has 12 projects under contract, representing 23 metric tons (MT) of CO2e offtake.
Social Achievements
- Aristata achieved a successful outcome from its first investment, unlocking compensation for 2,750 workers.
- Center Creek renovated and/or built over 500 homes and has a portfolio of 360 rented homes. 90% of Center Creek’s houses are affordable at 80% of area median income, and 90% of residents are Black and/or Latinx.
- CIM helped unlock $759 million in loan financing in the U.S. reaching 376k borrowers and $970 million in emerging markets, reaching 3.1 million borrowers.
- Lafayette Square portfolio companies are made up of 66% LMI employees, and 40% of the companies are headquartered or have substantial operations in underserved areas. 40% of the portfolio companies have been connected to external services and/or advisory support.
- MSquared has nine new housing projects underway, creating a total of 3,358 units when completed, including market-rate, affordable, and public housing replacement units.
Governance Achievements
- Not disclosed
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Significant gap remains in the allocation of capital to address the world’s most pressing issues. Emerging fund managers are frequently overlooked.
- Mispricing of carbon credits.
- Lack of long-term financing solutions for nature-based carbon removal and avoidance projects.
- Undercapitalization of underserved SMEs and entrepreneurs.
- Challenges hindering middle-market firms in the United States (access to capital, employee wellbeing).
- Housing shortage and social divides in the United States.
- Lack of structured and clear corporate environmental data for investors.
Mitigation Strategies
- SIF invests in asset management firms with innovative approaches to addressing global issues.
- Kepos Capital develops products that bring more capital to carbon allowance markets.
- Respira enters into long-term offtake agreements with developers of nature-based projects.
- CIM invests in technology-enabled financial solutions providing debt capital to fintechs lending to underserved SMEs.
- Lafayette Square provides senior secured loans and other flexible capital solutions, and partners with portfolio companies to offer Worker Solutions.
- MSquared creates mixed-income, mixed-use projects.
- Osmosis assesses the resource efficiency of public companies and constructs portfolios that overweigh efficient firms.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Null
Certifications: Verra, Gold Standard (Respira)
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Antec awarded Bioenergy Innovation Award
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Climate change
- Economic inequality
- Resource scarcity
- Sustainable Development Goals (SDGs)
Climate Goals & Targets
Environmental Challenges
- Significant gap in capital allocation to address global issues
- Greenwashing in impact/ESG funds
- Insufficient financing to meet UN Sustainable Development Goals
Mitigation Strategies
- Investing in innovative investment models with substantial environmental or social impact
- Supporting and scaling early-stage asset management firms
- Focusing on strategies that provide capital market solutions to global challenges
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: Operating Principles for Impact Management
UN Sustainable Development Goals
- SDG 10 (reducing inequalities)
- SDG 13 (climate action)
SIF seeks solutions that advance the UN Sustainable Development Goals.
Reporting Period: 2024
Environmental Metrics
ESG Focus Areas
- Climate Change
- Inclusive Capitalism
- Health and Wellness
- Sustainable Markets
Environmental Achievements
- Skoll Foundation achieved 70% impact-aligned investments in its portfolio by 2022, focusing on climate change mitigation, inclusive capitalism, health and wellness, and sustainable markets.
Social Achievements
- Skoll Foundation's investments support social entrepreneurs and innovators working on equitable solutions to global challenges.
- Many foundations are actively involved in impact investing, as evidenced by their membership in GIIN, MIE, and US Impact Investing Alliance.
Governance Achievements
- Skoll Foundation incorporated impact considerations into its Investment Policy Statement (IPS), making impact alignment a fiduciary responsibility.
Climate Goals & Targets
Environmental Challenges
- Only 5% of foundation investable assets are allocated to impact investments.
- Larger endowments show consistently low degrees of impact alignment.
- Many foundations struggle with the perceived onerousness of impact investing (building systems, developing pipelines, etc.).
- Concerns about financial performance compromising impact.
- Difficulty navigating the growing impact investing industry and identifying truly impactful opportunities.
Mitigation Strategies
- Set ambitious goals for impact investing, rather than starting small.
- Adopt a portfolio approach, integrating impact throughout the endowment and formalizing it in the IPS.
- Collaborate with peers to share investment opportunities and knowledge.
- Think beyond Mission Related Investments (MRIs) to broaden impact opportunities.
- Raise the bar for impact investments by supporting emerging fund managers and pursuing unconventional opportunities.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: Operating Principles for Impact Management