Climate Change Data

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