Only 5% of startups have a plan to achieve net zero carbo emissions. It’s about time for startups to improve their ESG practices, especially with the growing focus on the climate crisis. This report explores ESG trends in the VC industry based on research from 2023, analysing data from over 450 companies in the UK and Europe. Here are some key takeaways that stood out to me: 🔶 Companies are not doing well on environmental issues compared to social and governance matters. This shows the need for more support and education in this area. 🔶 60% of businesses are focusing the mental health and well-being of their employees by having a policy in place. 🔶 SaaS companies lead other sectors on social issues like DEI training and parental leave. 🔶 Female presence in leadership roles is still quite low with about half of the companies surveyed showing no women on start-up boards. 🔶 Start-ups need to focus more on using AI, as only a fifth of them provide staff codes of conduct in this area. 🔶 Governance is a good starting point for companies to apply ESG policies and make sustainability a priority at the board level. It's encouraging to see the industry taking ESG seriously. But we need to see more actions on the environmental level. #Fintech #ESG #VentureCapital
Great insight into the ESG landscape for startups. Strong ESG practices are key for building a sustainable future. 🌱 #ESGaware
It's crucial that startups prioritize sustainability and ESG practices for a better future. Arjun Vir Singh
| CEO and Founder at Keytom neobank
6moThanks for posting! What do you think prevents most startups from developing a zero carbon plan, and what steps could they take to improve their green practices?