Climate Change Data

The Innovate Fund

Climate Impact & Sustainability Data (2024)

Reporting Period: 2024

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Job creation
  • Community health and wellness
  • Economic development in low-income communities
  • Appalachian region development

Environmental Achievements

  • Not disclosed

Social Achievements

  • Created or retained over 1,100 jobs
  • Served over 265,000 people through various projects
  • Expanded service area to include Virginia and West Virginia
  • Provided the third-highest dollar amount of allocation to projects within the Appalachian Region

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Rising construction costs due to inflation and interest rates
  • Reduced federal funding for some projects
  • Childcare crisis in Southwest Virginia
  • Lack of affordable childcare impacting workforce participation
  • Staff deficits in businesses due to lack of skilled workers
  • High unemployment rates in several service areas
  • High poverty rates in several service areas
  • Need for additional health services in Greensboro, NC
Mitigation Strategies
  • New Market Tax Credits (NMTC) allocation to bridge funding gaps
  • Partnerships with other organizations to secure grants and donations
  • Expansion of service area to access more funding opportunities
  • Collaboration with workforce development organizations
  • Investment in projects that address community needs creatively
  • Clustering investments in severely distressed areas to maximize impact

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: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Goal 8: Decent Work and Economic Growth
  • Goal 3: Good Health and Well-being
  • Goal 1: No Poverty
  • Goal 10: Reduced Inequalities

The Innovate Fund's initiatives contribute to these goals by creating quality jobs, improving health and wellness outcomes, reducing poverty, and promoting economic inclusion.

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed