Commercial, Energy Efficiency, GHG Emissions  -  July 27, 2022

The Westly Group to Measure GHG Emissions

The Westly Group, a sustainability-focused venture capital firm, commits to measuring GHG emissions across portfolio companies and creating a roadmap to net-zero financed emissions.

The investment firm will also align with industry partners to drive greater adoption of ESG in the VC asset class.

Details were provided in its 2021 Annual ESG Report that expanded on the ESG data collection with a focus on measuring GHG financed emissions.

“We believe that implementing responsible investment practices and collecting ESG data will help create long-term multi-stakeholder value and create a competitive advantage for both portfolio companies and venture firms. As a data-driven organization, the goal of this year’s report is to bring transparency to our environmental, social and governance reporting and create a baseline to improve on in coming years,” said Steve Westly, Founding & Managing Partner at The Westly Group in a statement.

The Westly Group established partnerships with leading groups helping to standardize ESG frameworks for VC. They joined the steering committee for VentureESG and signed as a signatory to the Principles for Responsible Investing, a UN-supported organization that promotes sustainable investment through the incorporation of environmental, social and governance practices.

In addition, the company has 17 investors from energy, mobility, insurance, and industrial technology companies that have committed to achieving net-zero carbon emissions.