The Swedish family behind the Nobel Prize is throwing its name behind a £100 million U.K. venture fund to invest in sustainable tech, manufacturing and service companies.
Plans for the Nobel Sustainability Growth Fund were announced last year. The fund will be managed by green investment firm Sustainable Technology Investors Ltd and is being seeded with £10 million from Monaco’s sovereign wealth fund and U.K. investment group SET3.
It will use the “Earth Dividend” scorecard to assess and measure the impact of its investments by looking at issues like the business’s natural-resource consumption, pollution control, and social and economic contributions.
This impact-assessment approach was developed by Earth Capital Partners, whose investment team members supported the setup and launch of the Nobel Sustainability Growth Fund and form part of the Sustainable Technology Investors Ltd, team.