In the Climate Week mix: Policy tailwinds, green banks, talent pipeline. Hard choices have to be made… about which of the hundreds of Climate Week NYC events to attend. As the rain gave way to sunny skies, so did the gloomy outlook from the United Nations and its less-than-ambitious Climate Ambition Summit. The brighter outlook was palpable all over town among the entrepreneurs, investors, policymakers and experts chomping at the bit to drive the zero-carbon transition.
Dealflow: Climate Tech
European Investment Fund plugs €40 million into Blume Equity. Blume is one of a small number of climate tech venture funds with all female founders. The firm invests in growth-stage companies in Europe supporting the transition to a low-carbon economy, such as carbon accounting venture Normative, which helps large companies account for Scope 1, 2 and 3 emissions, and Aerones, which makes robotics for wind turbine maintenance. EIF backed Blume as part of its commitment to direct a quarter of its investments to climate and environment-related projects. It joins Swedish pension fund AP4, Visa Foundation, and Impact Engine as an investor in Blume.
Signals: Impact Management
Messiness, mutuality and methodology: Three tips for measuring impact. The impact investing advisory firm Candide has moved more than $200 million into 110 social justice-focused companies, funds and other organizations. Its investments include ventures like Totem and Solar Holler and managers like Impact America Fund and Mac Venture Capital. What was the actual impact of those impact investments? Candide’s Jasmine Rashid and team spent the last two years seeking answers to that question for the firm’s first public impact report. In a guest post for ImpactAlpha, Rashid shares tips for designing meaningful impact measurement processes “that serve all stakeholders – not just those providing financial capital.” Among them:
Agents of Impact: Follow the Talent
Agents of Impact are remembering and paying tribute to catalyst-at-large Suzanne Biegel, who passed away yesterday. A champion of gender-lens investing and founder of GenderSmart (now part of 2X Global) Biegel created a legacy project, Heading for Change, with her husband, Daniel Maskit (for background see, "With climate + gender fund, Suzanne Biegel is heading for change").