(Sifted) There’s more and more ESG talk in tech and VC land. Environmental, social and governance factors have gone from being a concern of specialist investors to a key part of mainstream investment strategy. But, for all the talk, how are VC firms’ portfolio companies actually doing? Well — much better on the S and the G than the E, new research shows.
The average performance of early-stage startups on environmental metrics is almost 50% lower than social and governance metrics. Just 7% of startups have a policy in place to achieve net zero carbon…More startups are implementing policies to improve their performance against ESG metrics, given research which shows such actions can improve performance. Talent, customers and investors have also started to demand more progress.
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