www.unpri.org
Open in
urlscan Pro
34.252.9.76
Public Scan
URL:
https://www.unpri.org/case-studies-responsible-investment-in-venture-capital/fin-capital-esg-incorporation-in-venture-...
Submission: On November 20 via manual from GB — Scanned from GB
Submission: On November 20 via manual from GB — Scanned from GB
Form analysis 2 forms found in the DOM
POST /
<form method="post" action="/">
<fieldset>
<div>
<p>We use cookies to improve your experience on this website. To learn more, including how to block cookies, <a href="/about-the-pri/privacy-policy/723.article#">read our privacy policy</a>.</p>
<input type="hidden" name="cookiepolicyaccepted" value="yes">
<button type="submit" class="continue">OK</button>
</div>
</fieldset>
</form>GET /searchresults
<form action="/searchresults" method="get" class="widget-search-picker-masthead-form">
<div class="widget-search-picker-masthead-label">Search our resources</div>
<div class="widget-search-picker-masthead-description"></div>
<div class="widget-search-picker-masthead-controls">
<div class="widget-search-picker-masthead-controls-container">
<div class="keyword"><label for="search">Search</label><input type="search" id="search" value="" name="qkeyword" class="text" placeholder="Optional keyword"></div>
<div class="widget-search-picker-masthead-dropdown dropdown-1">
<div class="dropdown-label" tabindex="0">Content Type <span class="counter"></span></div>
<div class="dropdown-options">
<div class="dropdown-options-inner">
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Event<input type="checkbox" name="WVSECTIONCODE" value="1015"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Case study<input type="checkbox" name="WVSECTIONCODE" value="1016"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Academic research<input type="checkbox" name="WVSECTIONCODE" value="1017"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Signatory profile<input type="checkbox" name="WVSECTIONCODE" value="1018"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Article<input type="checkbox" name="WVSECTIONCODE" value="1019"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>News and press<input type="checkbox" name="WVSECTIONCODE" value="1023"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Blog post<input type="checkbox" name="WVSECTIONCODE" value="1024"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Introductory guide<input type="checkbox" name="WVSECTIONCODE" value="1025"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Technical guide<input type="checkbox" name="WVSECTIONCODE" value="1026"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Engagement guide<input type="checkbox" name="WVSECTIONCODE" value="1027"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>DDQ<input type="checkbox" name="WVSECTIONCODE" value="1028"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Discussion paper<input type="checkbox" name="WVSECTIONCODE" value="1029"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Thought leadership<input type="checkbox" name="WVSECTIONCODE" value="1030"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>PRI reporting analysis<input type="checkbox" name="WVSECTIONCODE" value="1031"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Podcast<input type="checkbox" name="WVSECTIONCODE" value="1033"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Webinar<input type="checkbox" name="WVSECTIONCODE" value="1034"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Policy report<input type="checkbox" name="WVSECTIONCODE" value="1035"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Reporting guidance<input type="checkbox" name="WVSECTIONCODE" value="1036"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Reporting update<input type="checkbox" name="WVSECTIONCODE" value="1038"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Workshop summary<input type="checkbox" name="WVSECTIONCODE" value="1039"><span class="checkmark"></span></label></div>
</div>
</div>
</div>
</div>
<div class="widget-search-picker-masthead-dropdown dropdown-2">
<div class="dropdown-label" tabindex="0">Investment Topic <span class="counter"></span></div>
<div class="dropdown-options">
<div class="dropdown-options-inner">
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Asset owner strategy<input type="checkbox" name="WVFACET4" value="20"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Asset owner policy<input type="checkbox" name="WVFACET4" value="21"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Asset allocation<input type="checkbox" name="WVFACET4" value="22"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Appointing managers<input type="checkbox" name="WVFACET4" value="81"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Monitoring managers<input type="checkbox" name="WVFACET4" value="82"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Selecting managers<input type="checkbox" name="WVFACET4" value="497"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Listed equity<input type="checkbox" name="WVFACET4" value="476"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Fixed income<input type="checkbox" name="WVFACET4" value="478"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Private equity<input type="checkbox" name="WVFACET4" value="483"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Hedge funds<input type="checkbox" name="WVFACET4" value="484"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Infrastructure<input type="checkbox" name="WVFACET4" value="485"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Real estate<input type="checkbox" name="WVFACET4" value="486"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Farmland<input type="checkbox" name="WVFACET4" value="487"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Forestry<input type="checkbox" name="WVFACET4" value="488"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Thematic and impact investing<input type="checkbox" name="WVFACET4" value="489"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Asset owners<input type="checkbox" name="WVFACET4" value="9"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Stewardship<input type="checkbox" name="WVFACET4" value="490"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Passive investments<input type="checkbox" name="WVFACET4" value="477"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Credit risk and ratings<input type="checkbox" name="WVFACET4" value="479"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Corporate debt<input type="checkbox" name="WVFACET4" value="480"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Sovereign debt<input type="checkbox" name="WVFACET4" value="481"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Private debt<input type="checkbox" name="WVFACET4" value="482"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Securitised debt<input type="checkbox" name="WVFACET4" value="496"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Sub-sovereign debt<input type="checkbox" name="WVFACET4" value="500"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Venture capital<input type="checkbox" name="WVFACET4" value="511"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Active Ownership 2.0<input type="checkbox" name="WVFACET4" value="491"><span class="checkmark"></span></label></div>
</div>
</div>
</div>
</div>
<div class="widget-search-picker-masthead-dropdown dropdown-3">
<div class="dropdown-label" tabindex="0">Sustainable Markets <span class="counter"></span></div>
<div class="dropdown-options">
<div class="dropdown-options-inner">
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Policy and regulation<input type="checkbox" name="WVFACET5" value="464"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Sustainable financial system<input type="checkbox" name="WVFACET5" value="470"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Academic research<input type="checkbox" name="WVFACET5" value="474"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Driving meaningful data<input type="checkbox" name="WVFACET5" value="514"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>EU taxonomy<input type="checkbox" name="WVFACET5" value="465"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Fiduciary duty<input type="checkbox" name="WVFACET5" value="466"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Legal Framework for Impact<input type="checkbox" name="WVFACET5" value="467"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Private retirement systems<input type="checkbox" name="WVFACET5" value="471"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Sustainability data<input type="checkbox" name="WVFACET5" value="472"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Sustainable Stock Exchanges<input type="checkbox" name="WVFACET5" value="473"><span class="checkmark"></span></label></div>
</div>
</div>
</div>
</div>
<div class="widget-search-picker-masthead-dropdown dropdown-4">
<div class="dropdown-label" tabindex="0">Sustainability Issue <span class="counter"></span></div>
<div class="dropdown-options">
<div class="dropdown-options-inner">
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Climate change<input type="checkbox" name="WVFACET6" value="429"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Environmental issues<input type="checkbox" name="WVFACET6" value="430"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Social issues<input type="checkbox" name="WVFACET6" value="444"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Governance issues<input type="checkbox" name="WVFACET6" value="454"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Sustainable Development Goals<input type="checkbox" name="WVFACET6" value="462"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Sustainability outcomes<input type="checkbox" name="WVFACET6" value="521"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Progression pathways<input type="checkbox" name="WVFACET6" value="543"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>TCFD<input type="checkbox" name="WVFACET6" value="433"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Circular economy<input type="checkbox" name="WVFACET6" value="434"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Sustainable commodities<input type="checkbox" name="WVFACET6" value="436"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Fracking<input type="checkbox" name="WVFACET6" value="440"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Methane<input type="checkbox" name="WVFACET6" value="441"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Biodiversity<input type="checkbox" name="WVFACET6" value="442"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Water<input type="checkbox" name="WVFACET6" value="443"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Plastics<input type="checkbox" name="WVFACET6" value="435"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Deforestation<input type="checkbox" name="WVFACET6" value="437"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Palm oil<input type="checkbox" name="WVFACET6" value="438"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Soy<input type="checkbox" name="WVFACET6" value="439"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Human rights<input type="checkbox" name="WVFACET6" value="445"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Health<input type="checkbox" name="WVFACET6" value="452"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Modern slavery<input type="checkbox" name="WVFACET6" value="447"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Diversity<input type="checkbox" name="WVFACET6" value="449"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Decent work<input type="checkbox" name="WVFACET6" value="450"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Covid-19<input type="checkbox" name="WVFACET6" value="453"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Tax<input type="checkbox" name="WVFACET6" value="455"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Executive pay<input type="checkbox" name="WVFACET6" value="457"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Corruption<input type="checkbox" name="WVFACET6" value="458"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Director nominations<input type="checkbox" name="WVFACET6" value="459"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Cyber security<input type="checkbox" name="WVFACET6" value="460"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Whistleblowing<input type="checkbox" name="WVFACET6" value="461"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Responsible political engagement<input type="checkbox" name="WVFACET6" value="512"><span class="checkmark"></span></label></div>
</div>
</div>
</div>
</div>
<div class="widget-search-picker-masthead-dropdown dropdown-5">
<div class="dropdown-label" tabindex="0">Signatory HQ Region <span class="counter"></span></div>
<div class="dropdown-options">
<div class="dropdown-options-inner">
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>HQ: Africa<input type="checkbox" name="WVFACET7" value="524"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>HQ: Asia<input type="checkbox" name="WVFACET7" value="525"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>HQ: Europe<input type="checkbox" name="WVFACET7" value="526"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>HQ: Latin America & Caribbean<input type="checkbox" name="WVFACET7" value="527"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>HQ: North America<input type="checkbox" name="WVFACET7" value="529"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>HQ: Oceania<input type="checkbox" name="WVFACET7" value="530"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>HQ: Emerging Markets<input type="checkbox" name="WVFACET7" value="531"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>HQ: Developed Markets<input type="checkbox" name="WVFACET7" value="532"><span class="checkmark"></span></label></div>
</div>
</div>
</div>
</div>
<div class="widget-search-picker-masthead-dropdown dropdown-6">
<div class="dropdown-label" tabindex="0">Geographic Focus <span class="counter"></span></div>
<div class="dropdown-options">
<div class="dropdown-options-inner">
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Australia<input type="checkbox" name="WVFACET8" value="352"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Canada<input type="checkbox" name="WVFACET8" value="354"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>France<input type="checkbox" name="WVFACET8" value="356"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Germany<input type="checkbox" name="WVFACET8" value="357"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Japan<input type="checkbox" name="WVFACET8" value="358"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>South Africa<input type="checkbox" name="WVFACET8" value="360"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>United Kingdom<input type="checkbox" name="WVFACET8" value="361"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>United States<input type="checkbox" name="WVFACET8" value="362"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>China<input type="checkbox" name="WVFACET8" value="366"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Africa<input type="checkbox" name="WVFACET8" value="534"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Asia<input type="checkbox" name="WVFACET8" value="535"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Europe<input type="checkbox" name="WVFACET8" value="536"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Latin America & Caribbean<input type="checkbox" name="WVFACET8" value="537"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>North America<input type="checkbox" name="WVFACET8" value="539"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Oceania<input type="checkbox" name="WVFACET8" value="540"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Emerging Markets<input type="checkbox" name="WVFACET8" value="541"><span class="checkmark"></span></label></div>
</div>
<div class="dropdown-option">
<div class="dropdown-option-checkbox"><label>Developed Markets<input type="checkbox" name="WVFACET8" value="542"><span class="checkmark"></span></label></div>
</div>
</div>
</div>
</div>
<div class="widget-search-picker-masthead-button widget-button-allfilters"><button class="button-allfilters">All filters</button></div>
<div class="widget-search-picker-masthead-button widget-button-search"><button class="button-search" tabindex="0">Search</button></div>
</div>
</div>
</form>Text Content
We use cookies to improve your experience on this website. To learn more,
including how to block cookies, read our privacy policy.
OK
* Skip to main content
* Skip to navigation
* PRI Applications
* PRI Academy
UNPRI
Menu
Close menu
* Home
* About us
* Back to parent navigation item
* About us
* What are the Principles for Responsible Investment?
* PRI 2021-24 strategy
* The PRI work programme
* A blueprint for responsible investment
* About the PRI
* Back to parent navigation item
* About the PRI
* Annual report
* Public communications policy
* Financial information
* Procurement
* PRI sustainability
* Diversity Equity & Inclusion for our employees
* Careers
* Support us
* Meet the team
* Contact us
* Governance
* Back to parent navigation item
* Governance
* The Board
* Board members
* Board committees
* 2023 PRI Board annual elections
* Signatory General Meeting (SGM)
* Signatory rights
* Serious violations policy
* Formal consultations
* Signatories
* Back to parent navigation item
* Signatories
* Signatory resources
* Back to parent navigation item
* Signatory resources
* Become a signatory
* Get involved
* Signatory directory
* Quarterly signatory update
* Multi-lingual resources
* Back to parent navigation item
* Multi-lingual resources
* Espacio Hispanohablante
* Programme Francophone
* Reporting & assessment
* Back to parent navigation item
* Reporting & assessment
* R&A Updates
* Public signatory reports
* Progression pathways
* Showcasing leadership
* Back to parent navigation item
* Showcasing leadership
* The PRI Leaders’ Group
* The PRI Awards
* News & events
* Back to parent navigation item
* News & events
* PRI blog
* The PRI podcast
* News & press
* Upcoming events
* Back to parent navigation item
* Upcoming events
* PRI in Person 2024
* All events & webinars
* Industry events
* Past events
* Back to parent navigation item
* Past events
* PRI in Person 2023 highlights
* PRI in Person & Online 2022 highlights
* PRI China Conference: Investing for Net-Zero and SDGs
* PRI Digital Forums
* Webinars on demand
* Investment tools
* Back to parent navigation item
* Investment tools
* Introductory guides to responsible investment
* Principles to Practice
* Stewardship
* Back to parent navigation item
* Stewardship
* Collaborative engagements
* Active Ownership 2.0
* Advance
* Listed equity
* Back to parent navigation item
* Listed equity
* Passive investments
* Fixed income
* Back to parent navigation item
* Fixed income
* Credit risk and ratings
* Private debt
* Securitised debt
* Sovereign debt
* Sub-sovereign debt
* Private markets
* Back to parent navigation item
* Private markets
* Private equity
* Real estate
* Climate change for private markets
* Infrastructure and other real assets
* Back to parent navigation item
* Infrastructure and other real assets
* Infrastructure
* Farmland
* Forestry
* Hedge funds
* Asset owner resources
* Back to parent navigation item
* Asset owner resources
* Strategy, policy and strategic asset allocation
* Mandate requirements and RfPs
* Manager selection
* Manager appointment
* Manager monitoring
* Sustainability issues
* Back to parent navigation item
* Sustainability issues
* Environmental, social and governance issues
* Back to parent navigation item
* Environmental, social and governance issues
* Environmental issues
* Back to parent navigation item
* Environmental issues
* Sustainable land use
* Biodiversity
* Circular economy
* Plastics
* Water
* Fracking
* Methane
* Social issues
* Back to parent navigation item
* Social issues
* Social issues - case studies
* Social issues - podcasts
* Social issues - webinars
* Social issues - blogs
* Cobalt and the extractives industry
* Clothing and Apparel Supply Chain
* Human rights
* Human rights - case studies
* Modern slavery and labour rights
* Covid-19
* Just transition
* Governance issues
* Back to parent navigation item
* Governance issues
* Tax fairness
* Responsible political engagement
* Cyber security
* Executive pay
* Corporate purpose
* Anti-corruption
* Whistleblowing
* Director nominations
* Climate change
* Back to parent navigation item
* Climate change
* The PRI and COP28
* Inevitable Policy Response
* UN-convened Net-Zero Asset Owner Alliance
* Sustainability outcomes
* Back to parent navigation item
* Sustainability outcomes
* Sustainable Development Goals
* Sustainable markets
* Back to parent navigation item
* Sustainable markets
* Sustainable financial system
* Driving meaningful data
* Private retirement systems and sustainability
* Research
* Back to parent navigation item
* Research
* Academic blogs
* Academic Seminar series
* Introduction to responsible investing academic research
* Policy
* Back to parent navigation item
* Policy
* Our policy approach
* Policy engagement handbook
* Policy reports
* Consultations and letters
* A Legal Framework for Impact
* Fiduciary duty
* Policy toolkit
* Regulation database
* Global Policy
* Australia policy
* Canada Policy
* China policy
* Back to parent navigation item
* China policy
* Stewardship in China
* EU policy
* Back to parent navigation item
* EU policy
* EU taxonomy
* Japan policy
* UK policy
* US policy
* Back to parent navigation item
* US policy
* SEC ESG-Related Disclosure
* Home
* About us
* * What are the Principles for Responsible Investment?
* PRI 2021-24 strategy
* The PRI work programme
* A blueprint for responsible investment
* * About the PRI
* Annual report
* Public communications policy
* Financial information
* Procurement
* PRI sustainability
* * * Diversity Equity & Inclusion for our employees
* Careers
* Support us
* Meet the team
* Contact us
* * Governance
* The Board
* Board members
* Board committees
* 2023 PRI Board annual elections
* Signatory General Meeting (SGM)
* Signatory rights
* Serious violations policy
* Formal consultations
* Signatories
* * Signatory resources
* Become a signatory
* Get involved
* Signatory directory
* Quarterly signatory update
* Multi-lingual resources
* Espacio Hispanohablante
* Programme Francophone
* * Reporting & assessment
* R&A Updates
* Public signatory reports
* Progression pathways
* * Showcasing leadership
* The PRI Leaders’ Group
* The PRI Awards
* Become a signatory
* News & events
* * PRI blog
* The PRI podcast
* News & press
* * Upcoming events
* PRI in Person 2024
* All events & webinars
* Industry events
* * Past events
* PRI in Person 2023 highlights
* PRI in Person & Online 2022 highlights
* PRI China Conference: Investing for Net-Zero and SDGs
* PRI Digital Forums
* Webinars on demand
* PRI in Person 2024
* Investment tools
* * Introductory guides to responsible investment
* Principles to Practice
* Stewardship
* Collaborative engagements
* Active Ownership 2.0
* Advance
* * Listed equity
* Passive investments
* Fixed income
* Credit risk and ratings
* Private debt
* Securitised debt
* Sovereign debt
* Sub-sovereign debt
* * Private markets
* Private equity
* Real estate
* Climate change for private markets
* Infrastructure and other real assets
* Hedge funds
* * Asset owner resources
* Strategy, policy and strategic asset allocation
* Mandate requirements and RfPs
* Manager selection
* Manager appointment
* Manager monitoring
* Sustainability issues
* * Environmental, social and governance issues
* Environmental issues
* Social issues
* Governance issues
* * Climate change
* The PRI and COP28
* Inevitable Policy Response
* UN-convened Net-Zero Asset Owner Alliance
* * Sustainability outcomes
* Sustainable Development Goals
* Sustainable markets
* Sustainable financial system
* Driving meaningful data
* Private retirement systems and sustainability
* * Research
* Academic blogs
* Academic Seminar series
* Introduction to responsible investing academic research
* Policy
* * Our policy approach
* Policy engagement handbook
* Policy reports
* Consultations and letters
* * A Legal Framework for Impact
* Fiduciary duty
* Policy toolkit
* Regulation database
* * Global Policy
* Australia policy
* Canada Policy
* China policy
* Stewardship in China
* * EU policy
* EU taxonomy
* Japan policy
* UK policy
* US policy
* SEC ESG-Related Disclosure
* More from navigation items
EXPLORE
The PRI has developed a comprehensive suite of resources, ranging from
introductory materials to in-depth technical and policy guides.
Search our resources
Search
Content Type
Event
Case study
Academic research
Signatory profile
Article
News and press
Blog post
Introductory guide
Technical guide
Engagement guide
DDQ
Discussion paper
Thought leadership
PRI reporting analysis
Podcast
Webinar
Policy report
Reporting guidance
Reporting update
Workshop summary
Investment Topic
Asset owner strategy
Asset owner policy
Asset allocation
Appointing managers
Monitoring managers
Selecting managers
Listed equity
Fixed income
Private equity
Hedge funds
Infrastructure
Real estate
Farmland
Forestry
Thematic and impact investing
Asset owners
Stewardship
Passive investments
Credit risk and ratings
Corporate debt
Sovereign debt
Private debt
Securitised debt
Sub-sovereign debt
Venture capital
Active Ownership 2.0
Sustainable Markets
Policy and regulation
Sustainable financial system
Academic research
Driving meaningful data
EU taxonomy
Fiduciary duty
Legal Framework for Impact
Private retirement systems
Sustainability data
Sustainable Stock Exchanges
Sustainability Issue
Climate change
Environmental issues
Social issues
Governance issues
Sustainable Development Goals
Sustainability outcomes
Progression pathways
TCFD
Circular economy
Sustainable commodities
Fracking
Methane
Biodiversity
Water
Plastics
Deforestation
Palm oil
Soy
Human rights
Health
Modern slavery
Diversity
Decent work
Covid-19
Tax
Executive pay
Corruption
Director nominations
Cyber security
Whistleblowing
Responsible political engagement
Signatory HQ Region
HQ: Africa
HQ: Asia
HQ: Europe
HQ: Latin America & Caribbean
HQ: North America
HQ: Oceania
HQ: Emerging Markets
HQ: Developed Markets
Geographic Focus
Australia
Canada
France
Germany
Japan
South Africa
United Kingdom
United States
China
Africa
Asia
Europe
Latin America & Caribbean
North America
Oceania
Emerging Markets
Developed Markets
All filters
Search
Case studies: Responsible investment in venture capital
FIN CAPITAL: ESG INCORPORATION IN VENTURE CAPITAL INVESTMENT
13 April 2022
*
Signatory type: Investment manager
Operating region: US and Europe
Fin Capital is a global asset management firm focused on business-to-business
(B2B) financial technology investments. We manage over US$1.2bn in AUM and
invest across the full lifecycle, from pre-seed to publicly listed companies,
within four strategies – Regatta (pre-seed), Flagship (early stage), Horizons
(growth) and Constellation (publics). Environmental, social, and governance
(ESG) compliance underpins our mission to build a legacy for our investors,
founders, firm, and team members. To establish a robust reporting framework and
ensure ongoing firm-level and portfolio accountability, we became a PRI
signatory in July 2020.
WHY WE TAKE AN ESG INCORPORATION APPROACH IN OUR INVESTMENT DECISIONS
Since inception we have been dedicated to upholding ESG standards in our
investment process, which we feel differentiates us with company founders,
provides operating value and drives durability and outperformance in our
portfolio companies.
Our proprietary ESG framework focuses on portfolio companies’ social mission and
impact metrics (aligned to the Sustainable Development Goals (SDGs)), governance
structures, financial controls, external audit, CFO/controller leadership
hiring, board oversight committees, regulatory adherence, and people/culture
planning alongside diversity, equity and inclusion initiatives.
We have observed outperformance from those companies that make meaningful
progress on their ESG metrics in enterprise value accretion, CAGR, employee
retention, and reduced financial/legal/regulatory issues.
HOW WE UNDERTAKE ESG INCORPORATION IN DUE DILIGENCE AND POST-INVESTMENT SUPPORT
Our partners implement dedicated ESG compliance processes and technology in our
due diligence, portfolio engagement and performance monitoring throughout the
lifecycle of a company.
In our due diligence, we incorporate ESG criteria comprised of 10 elements as
part of an Investment Scorecard that is used by our investment committee to make
a final investment decision.
These include the existence of a corporate code of ethics, the assignment of ESG
responsibility to a member of the management team, diversity characteristics of
the company’s workforce and an estimate of the company’s carbon footprint.
We assess companies across these 10 metrics, assigning a score of 0, 0.5, or 1
(No, Partial – needs improvement/guidance, and Yes respectively). Companies
should score at least 6/10 for us to progress to an Investment Committee
decision.
Indeed, a lack of alignment and initial ESG foundation have led us to pass on
several companies. As a B2B software investor, we must also examine downstream
impacts to consumers and businesses in our due diligence. We do this by mapping
a company’s business model to relevant SDGs, such as those covering income
inequality and poverty, health and wellbeing and gender equality.
Once we have completed our upfront diligence, our investment documents (term
sheets and financing agreements) require companies to affirm their commitment to
adopt a formal ESG policy – for which we provide a template – and support
ongoing quarterly reporting.
The company founders we interact with view our ESG focus positively and embrace
making consistent improvements, creating a richer dialogue and
culturally-aligned long-term relationship between us.
We monitor our companies on a quarterly basis to ensure they are adhering to and
making progress against the 10 ESG metrics and the relevant SDGs identified. If
we observe any gaps, we facilitate a discussion with management teams and
provide resources to address them and drive improvement across ESG metrics.
To do so, we leverage our relationship with Standard Metrics, a company (and
portfolio holding) that helps private companies centralise financial data and
investor reporting transparently.
Further, we recommend specific consultants (such as Align Impact), membership
organisations (such as the PRI), resources (e.g. SASB), and technology solutions
(such as Metric and Aligned Metrics), that can help efficiently quantify and
track ESG metrics to drive improvement.
We believe ESG metrics are as important as financial measurements – failure to
make progress on both will impact the potential for follow-on investment from
our firm.
EXAMPLE: INVESTMENT IN A FINANCIAL MANAGEMENT START-UP
Fin is an investor in Greenlight, a company providing financial solutions to
families in the US. The company provides a digital platform that helps parents
teach healthy financial skills and habits to their children while providing them
access to financial services. Greenlight’s mission is to “Shine a light on the
world of money for families and empower parents to raise financially-smart
kids.”
Greenlight is one example in our portfolio of a double bottom line (social and
financial) business that aligns directly to four SDGs (Quality Education, Good
Health and Wellbeing, Decent Work/Economic Growth, and Reduced Inequalities).
Making financial products available to children is an educational opportunity
that involves significant complexity and social, legal, and regulatory risks.
As a result, it was critical that we understood the company’s vision, technology
controls, and compliance processes for mitigating those risks ahead of
investing. To do so, our due diligence process included discussions with
founders and employees, conducting direct family and channel partner references
and reviewing the relevant regulatory rules and legal guidance from our counsel.
We approved the investment after identifying and communicating the ESG gaps that
the company would need to start addressing and reporting on quarterly, beginning
in September 2020. These included principally adopting a formal ESG policy and
tracking on our specific metrics, including DE&I considerations at the board and
management team level.
Greenlight’s progress in these areas is measured, reported on and discussed
regularly across its increasingly diverse leadership team. As with other
portfolio companies, we provided Greenlight with detailed advice, along with
technology and consulting resources to tactically close the identified gaps.
Through our active engagement with the company, it now has robust ESG policies
and practices in place.
Since our investment, Greenlight’s ESG metric score has already shown
improvement and we will continue to monitor progress going forwards.
TOPICS
* Developed Markets
* Environmental issues
* ESG incorporation in venture capital
* Governance issues
* HQ: Developed Markets
* HQ: Europe
* HQ: North America
* North America
* Private equity
* Social issues
* Venture capital
*
LATEST
* Net zero in practice: Insights from equity investors
* Integrating climate and nature action: Unlocking the biodiversity-climate
nexus
* 2023 Transparency and Assessment Reports December release
* Developing and updating a responsible investment policy
MOST POPULAR
* Definitions for responsible investment approaches
* Investor Reporting Framework
* What is responsible investment?
* PRI in Person 2024
RELATED CONTENT
* Event
INTEGRATING CLIMATE AND NATURE ACTION: UNLOCKING THE BIODIVERSITY-CLIMATE
NEXUS
13 December 2023
13 December 2023 | Online
* Technical guide
DEVELOPING AND UPDATING A RESPONSIBLE INVESTMENT POLICY
13 November 2023 10:00
A technical guide for asset owners and investment managers
* Article
DECARBONISATION METHODOLOGIES FOR PRIVATE EQUITY
8 November 2023 16:24
Using the Private Markets Decarbonisation Roadmap and the Net Zero Investment
Framework’s component for private equity.
Load more
MORE FROM CASE STUDIES: RESPONSIBLE INVESTMENT IN VENTURE CAPITAL
* Case study
MPOWER PARTNERS: SUPPORTING START-UPS IN THEIR ESG JOURNEY
20 September 2022 17:05
MPower Partners Signatory type: Investment manager HQ location: Japan Covered
in this case study Asset class: Venture capital Georgraphy: Japan Sector(s):
Technology MPower Partners, a global venture capital fund founded in 2021 by
three women—Kathy Matsui, Yumiko Murakami, and Miwa Seki—invests in mid and
late-stage companies that provide tech-enabled solutions ...
* Case study
SOFINNOVA PARTNERS: OUR EVOLVING ESG PHILOSOPHY AS AN EARLY-STAGE VENTURE
CAPITAL INVESTOR
4 July 2022 15:00
Sofinnova Partners on why and how it assesses the ESG maturity of its
companies at each phase of their development.
* Case study
ANTLER: ENGAGING WITH COMPANY FOUNDERS IN VENTURE CAPITAL
29 June 2022 16:18
Antler discusses its work with founders to raise their awareness and
understanding of material ESG and impact considerations and how it influences
them to incorporate these as they establish their businesses.
Load more
LATEST
* Net zero in practice: Insights from equity investors
* Integrating climate and nature action: Unlocking the biodiversity-climate
nexus
* 2023 Transparency and Assessment Reports December release
* Developing and updating a responsible investment policy
* Considering climate change in sovereign debt
* Sustainable Finance Forum
* Decarbonisation methodologies for private equity
* PRI Academic Seminar Series: Itay Goldstein - On ESG investing: Heterogeneous
preferences, information and asset price
* The iCI and the Sustainable Markets Initiative’s Private Equity Task Force
launch the Private Markets Decarbonisation Roadmap (PMDR)
* PRI Academic Seminar Series: Zacharias Sautner - Do investors care about
biodiversity?
MOST POPULAR
* Definitions for responsible investment approaches
* Investor Reporting Framework
* What is responsible investment?
* PRI in Person 2024
* 2023 PRI Board annual elections
* Spring: A PRI stewardship initiative for nature
* PRI asset class and asset owner guidance advisory committees: Call for new
members
* Progression Pathways - Advancing responsible investment practices among PRI
signatories
* Reporting Framework glossary
* Considering climate change in sovereign debt
* About the PRI
* News and press
* Annual Report
* PRI governance
* Support us
* Careers
* Contact us
* Privacy policy
* Collaboration Platform
* Data Portal
* Reporting Tool
* PRI Academy
* The PRI is an investor initiative in partnership with UNEP Finance Initiative
and UN Global Compact.
--------------------------------------------------------------------------------
* PRI Association, 25 Camperdown Street, London, E1 8DZ, UK
* Company no: 7207947
* +44 (0)20 3714 3141
* info@unpri.org
* PRI DISCLAIMER
The information contained on this website is meant for the purposes of
information only and is not intended to be investment, legal, tax or other
advice, nor is it intended to be relied upon in making an investment or other
decision. All content is provided with the understanding that the authors and
publishers are not providing advice on legal, economic, investment or other
professional issues and services. PRI Association is not responsible for the
content of websites and information resources that may be referenced. The
access provided to these sites or the provision of such information resources
does not constitute an endorsement by PRI Association of the information
contained therein. PRI Association is not responsible for any errors or
omissions, for any decision made or action taken based on information on this
website or for any loss or damage arising from or caused by such decision or
action. All information is provided “as-is” with no guarantee of
completeness, accuracy or timeliness, or of the results obtained from the use
of this information, and without warranty of any kind, expressed or implied.
Content authored by PRI Association
For content authored by PRI Association, except where expressly stated
otherwise, the opinions, recommendations, findings, interpretations and
conclusions expressed are those of PRI Association alone, and do not
necessarily represent the views of any contributors or any signatories to the
Principles for Responsible Investment (individually or as a whole). It should
not be inferred that any other organisation referenced endorses or agrees
with any conclusions set out. The inclusion of company examples does not in
any way constitute an endorsement of these organisations by PRI Association
or the signatories to the Principles for Responsible Investment. While we
have endeavoured to ensure that information has been obtained from reliable
and up-to-date sources, the changing nature of statistics, laws, rules and
regulations may result in delays, omissions or inaccuracies in information.
Content authored by third parties
The accuracy of any content provided by an external contributor remains the
responsibility of such external contributor. The views expressed in any
content provided by external contributors are those of the external
contributor(s) alone, and are neither endorsed by, nor necessarily correspond
with, the views of PRI Association or any signatories to the Principles for
Responsible Investment other than the external contributor(s) named as
authors.
Site powered by Webvision Cloud
Please ensure Javascript is enabled for purposes of website accessibility