It’s that time of year again where we share with you our annual ESG Report! It feels essential, more than ever, to keep track and share with you the initiatives we are taking to stay true to our commitment to build a sustainable and inclusive world.
From an ESG perspective, 2024 was incredibly challenging. In short, it was the hottest year on record, with political swings and climate hazards leading to $320B in climate damages. Meanwhile, political shifts deepened divisions, pushing us further from our 2019 Net Zero commitments.
Despite this, we remain hopeful that this can be rectified. We stand firm in our belief that creating a sustainable and inclusive world is not impossible. Throughout 2024, we put our convictions into action, revealing new initiatives and resources to take things to the next level.
Here is a glimpse of some of the steps we took:
Launched Rainbow, our endowment fund supporting organizations driving a sustainable and socially inclusive world
Announced Time4, the project of a new fund investing in underrepresented founders from disadvantaged neighborhoods and rural areas
Created our own ESG Toolbox, a step-by-step guide of best practices for integrating ESG when building a company that is soon-to-be made public.
437,000 tCO2 avoided by our portfolio companies
Increased our communication on matters related to ESG (i.e. 66% of our podcast episodes and 40% of our editorials had an ESG focus)
…and more
We know there is so much more work to be done, so we are taking these 2024 milestones as a stepping stone to help us aim higher in 2025.