United Renewables’ Chris Caldwell talks climate change and business with venture capitalist Amory Poulden.
United Renewables’ Chris Caldwell talks climate change and business with venture capitalist Amory Poulden.
DOUGLAS, Isle of Man, Jan. 10, 2023 (GLOBE NEWSWIRE) — Using environmental, social and governance frameworks to assess early-stage companies is useless and likely to succeed Low and at risk of obscuring the true positive impact of start-ups, Amory Poulden announced. Founder of the D2 Fund, in his Conversations on Climate episode released today.
“This may be a bit of a controversial opinion, but I really hate the term ESG,” Paulden explained. “Trying to take disjointed strands of qualitative data, quantify it, and establish absolute metrics across different pools is inherently dangerous.”
Podcast host and entrepreneur Chris Caldwell spotlights how to measure sustainability in small businesses, Venture Principal at Shell Ventures before launching his own climate-focused fund in 2022 “Some of my peers are in the venture industry following the ESG mainstream. It starts…and becomes pointless.”
Climate tech venture investment hits all-time high globally
Paulden’s comments about his industry come in the context of the boom in climate-related startups raising venture capital. In 2021, he will put more than $37 billion in venture capital into the climate tech market, a 250% increase from his pre-pandemic levels.
In a sign of global market health, the US was the top market for cleantech VC activity last year, followed by Europe. Meanwhile, China still holds the top spot for overall funding in her post-2010 period.
Founders seek to focus on qualitative impact
Caldwell and Poulden, CEOs and founders of green energy company United Renewables, were clear about the importance of helping young companies tackle the climate crisis. But Poulden said startups should be judged qualitatively based on “the impact they can have in a particular sector” rather than relying on benchmarks designed for other types of companies. clarified.
climate conversation is a collaboration between United Renewables and the London Business School Alumni Energy Club, and brings together leading academics and business leaders in conversations about sustainability.
The latest episode featuring D2 Fund’s Amory Poulden is available here.
All previous episodes can be found here.
climate conversation Bringing together the world’s leading thinkers from business and academia to share their expertise on climate change.Previous guests include Sir Andrew Rickiermann, Julio Dal Poz and Professor Jean-Pierre BenotttProf. Ioanou, Prof. Tara Schmidt, Prof. Dan Cable.
All previous episodes can be found here. Related articles can be found here.
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phone +447624457139
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A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/59a060c1-bce0-452b-a94b-b2aad7302f31.
