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ESG reporting for startups

Suggested by Jeremy Burton 4 months ago

The LPs that invest in venture funds are starting to have ESG mandates. Currently (Jun 2022), this is a minority of LPs but this will likely continue to grow rapidly.

These mandates impose additional criteria on which funds LPs invest in and how those funds report ESG metrics back to LPs.

For large/public companies, there are a number of ESG frameworks - e.g. MSCI - and vendors providing solutions, e.g. Sustainalytics.

However, for venture funds, and the startups they invest in, there is not yet a clear solution to allow LPs to push down ESG mandates and for startups to report back up on ESG metrics.

A key challenge for startups is to decide what is material to report on and then to understand how to measure it.

alarm Why Now?

ESG is a meta-trend that will likely continue.

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JM
2 months ago

Founder @ Mission Innovation Network

Potentially an even stronger framing is: how do we help LPs enable the "wellbeing economy" of healthy growth and ethical innovation? I'm worried mandates can disempower folks down the metrics chain. I suspect that if everyone just does their role well (e.g. the company board is highly attentive to the concerns of all company stakeholders and communicates that publicly), we'll see the macro progress towards global goals that has been alluding us.

2 months ago

Co-Founder and CEO @ The Lequity Group

@Jeremy Burton I've got some ideas on this front. We think it ultimately comes down to the details of the framework, the rate of reporting, and the methodologies behind the reporting.


This may seem like a bizarre metaphor, but it isn't that dissimilar from the ways lawyers conduct voir dire (jury selection). If you aren't asking the right questions to the right people, you aren't going to find out what you need to know. Sometimes, that is best accomplished with an oblique approach on the stickier issues.


We think that Lequity has some value to bring to that particular market segment.

4 months ago

Serial Entrepreneur + Recovering VC + Social Justice + SmartCities + ClimateEquity @ Infiniblaze

Good idea... One of the major pension funds wanted us to take the software platform we built for my last company and pierce the veil of their private equity portfolio holdings in order to estimate their carbon impact starting with their real estate portfolio. A lot of these were known operationally or could be estimated with currently available data analytics. In a start-up or technology portfolio, there will need to be new metrics established, new monitoring methods, new portfolio management and reporting, and new incentives that need to be created by LPs (carried interest alignment, NFTs for carbon reduction, etc.). There are definitely multiple problems to be solved here and potential solutions. I feel that the leading LPs in the ESG field need to lead in this area to develop standard approaches. Happy to pitch in the discussion here.

Jeremy Burton core team
4 months ago

CEO / Founder / Managing Partner @ Platform

That's great, thank you.

Opinions on which LPs will be first to push ESG mandates down?

how_to_reg  Sarv Devaraj followed ESG reporting for startups • about 2 months ago
how_to_reg  Charlie Donnelly followed ESG reporting for startups • about 2 months ago
how_to_reg  Ryan Buckley followed ESG reporting for startups • about 2 months ago
comment  Jack McMackin commented Comment • 2 months ago
comment  David Kennedy commented Comment • 2 months ago
how_to_reg  David Kennedy followed ESG reporting for startups • 2 months ago
how_to_reg  Hemanth Setty followed ESG reporting for startups • 3 months ago
emoji_people  Hemanth Setty is interested in providing help to address ESG reporting for startups • 3 months ago
supervisor_account  Jeremy Burton recommended Parul Gupta to consider providing expertise to address ESG reporting for startups • 3 months ago
how_to_reg  Tim Connors followed ESG reporting for startups • 3 months ago
how_to_reg  Lissette Arias followed ESG reporting for startups • 3 months ago
how_to_reg  Jack McMackin followed ESG reporting for startups • 3 months ago
supervisor_account  Jeremy Burton recommended Ryan Williams to consider providing expertise to address ESG reporting for startups • 4 months ago
how_to_reg  David Kim followed ESG reporting for startups • 4 months ago
how_to_reg  Joel Serface followed ESG reporting for startups • 4 months ago
emoji_people  Joel Serface is interested in providing expertise to address ESG reporting for startups • 4 months ago
comment  Joel Serface commented Comment • 4 months ago
emoji_people  Jeremy Burton is interested in funding ESG reporting for startups • 4 months ago
how_to_reg  Jeremy Burton followed ESG reporting for startups • 4 months ago
lightbulb_outline  Jeremy Burton suggested that we solve ESG reporting for startups • 4 months ago
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HS Hemanth Setty

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