The latest Project Sage data, released in late December, reveals a rise in the number of private funds investing with both gender and climate in mind. This month we share a few of these funds’ approaches and learnings, supplemented with findings from our own工作小组. These are not investment recommendations, just illustrations of how other investors are approaching this theme.
在2019/20, 28 percent of项目圣人受访者或39个资金专注于可持续发展目标13（气候行动）与性别一起。在2020-21, it was 39 percent, or 81 funds. What’s more, while many funds are early-stage or first-time funds with innovative, high-impact theses, there was also a notable jump in the number of SDG13 funds managing over $100 million — from 5 to 18.
而且，如果您添加明确提及能源或清洁技术等领域的资金，则将其总计高达50％的Sage Universe。这表明气候和性别融资确实正在获得主流牵引力，并具有各种条纹的影响力分配。
There was a notable jump in the number of funds managing over $100 million — from 5 to 18.
Just looking through the lens of a single SDG or sector, however, doesn’t tell the whole story about gender lens funds and climate investments. For one thing, to be considered for inclusion in Project Sage 4.0, the gender lens had to be explicit. Yet there are other funds out there I’ve spoken to that are investing in climate with a gender lens but don’t talk about it, for reasons that could make for another article.
在tegrated funds with implicit climate impact
还有许多投资者试图通过不太明显的杠杆点来产生气候影响，例如投资女孩教育or digital inclusion. This is a holistic approach where there is a less-explicit focus on climate in their investment thesis, but climate outcomes are still part of the consideration.
有多个镜片的人 - 例如22基金在北美，一个主要关注“基于技术的，以出口为基础的制造公司”的增长股票基金，由妇女和黑人，土著和有色人种或BIPOC，企业家，企业家，以及在创造良好的绿色制造业工作的结果美国。同样，克洛伊资本的论文是explicit about gender and diversity, yet the investment team signaled interest in supporting climate tech solutions in arecent partnership with Cornell University, and have several climate tech companies within its portfolio.
在tentional gender lens funds targeting specific climate outcomes
Then there are the funds who state a target of explicit climate outcomes. Of the larger (greater than $100 million) funds, women-led, U.S.-basedAiiM Partnersis a technology fund that addresses environment and equity at the intersection of land, water, air and energy. AiiM’s ambition is to offset at least 1 gigaton of emissions and the fund targets underinvested sectors, which could have a tangible impact on the oceans and climate.
Over 30 percent of portfolio companies have a strong gender lens.Circulate Capital是在南亚和东南亚的另一个基金投资，重点是解决海洋塑料。目前，投资委员会的40％和60％的领导团队是妇女，尽管目前正在其投资方法中开发正式的性别视角，但流通于其与当前和未来的投资公司的互动中询问有关多样性和公平性的问题并正在为这些公司制定有关性别的参与策略。
在Latin America,Eco Enterprises Partners是一个主要由女性领导的管理团队的影响基金，该团队投资于支持生物多样性的企业，例如可持续林业，非木匠森林产品和可持续农业。它具有强大的性别镜头，与投资组合公司积极合作，以增强妇女和土著社区的就业和领导机会。其他包括韩国的设想合作伙伴，该合作伙伴拥有新的专用气候解决方案基金以及丹麦和非洲的北欧影响基金。
There are also a number of smaller funds whose approaches to influencing gender and climate impact are worth following. In 2019, Root Capital started to assess the climate vulnerability of small and growing businesses in its loan portfolio and have been collecting sex-disaggregated data at a farming level to compare men’s and women’s access to resources and assets. This has helped to reveal causality behind both vulnerability and success, and to increase understanding of farmer resilience.
Root Capital trained the businesses on the importance of women’s climate engagement and helped them build gender action plans, as well as providing $20,000 grants to implement activities that supported women’s climate resilience. Its data shows that when women have equitable access to resources not only at the farmer level but the business management level, their enterprises have higher productivity, better gender outcomes and better climate-smart practices. And that this is a real risk mitigation strategy as a lender.
What’s most encouraging about all this is the sheer diversity of climate- and gender-lens funds we’re starting to see on the market. Some have a strong impact focus and frame their activity in terms of SDG outcomes. Others are more commercially focused. All recognize the opportunities in seeing and acting from multiple perspectives, and the investment risks inherent in ignoring women, whether as workers, customers or as innovators driving climate solutions.
如果您是一个没有气候和性别重点的基金，不在我们的名单上I’d love to hear from you. For investors — see项目圣人4.0, and learn more about the气候和性别工作组
