Green Angel Syndicate has reported that the CO2e emissions reductions enabled by its portfolio companies have again almost doubled in the past six months, reaching 38,000 tonnes, cumulatively, by the end of June 2021.
Green Angel Syndicate (GAS) invests exclusively in businesses with a direct impact on global warming and climate change – so each one of its portfolio companies must be developing a product or service that helps cut greenhouse gas emissions, or restore and regenerate degraded ecosystems on which we depend for CO2 removal.
This fourth impact assessment report shows that in the first half of 2021, the largest contribution to the GAS portfolio’s carbon emissions reduction figure came from the energy sector (59% of the total), followed by transportation (26%), and then buildings (8%) and recycling (7%).
As well as looking at CO2e mitigation, GAS continues to benchmark its impact against the UN Sustainable Development Goals (SDGs). Its current portfolio companies address 10 of the 17 SDGs. Climate Change Fund CIO Antoine Pradayrol says: “Tackling climate change requires a complete transformation of all sectors of the economy – so it should come as no surprise that Green Angel Syndicate is investing across sectors, from energy to biodiversity monitoring, and from mobility to agriculture.”
Green Angel Syndicate Co-Founder and CEO Nick Lyth says: “We are travelling in the right direction. Clearly this reduction in emissions is a drop in the ocean when compared to total UK carbon emissions, standing at 326.1 million tonnes in 2020, and the annual reduction year on year of 25.4 million tonnes. But many of our portfolio companies are not yet trading, hence their impact on these figures is still negligible compared to the potential we can expect. These figures should grow exponentially.”
GAS continues to focus its efforts on investing in new innovative businesses tackling these urgent threats, and on supporting rapid growth across its existing portfolio.
