ClearlySo, a European investment bank, has launched a solution for performing impact assessments, which targets private equity and venture capital investors.
Called ATLAS, the solution helps assess the social and environmental impact of investments and offers suggestions for action to achieve particular outcomes.
ClearlySo said that “research increasingly shows that there is a positive correlation between impact and financial return, and lack of awareness about negative impact is a risk.”
The methodology used cites reqirements laid out by the Private Equity Reporting Group, Principles for Responsible Investment, European Union Directives and Red Line Voting. Results are “mapped” to the UN Sustainable Development Goals.
Lindsay Smart, head of impact innovation at ClearlySo, said: “The launch of ClearlySo ATLAS marks a new chapter in assessing the role of impact and sustainability in the venture capital and private equity sphere. We spent 18 months collaborating with industry experts to develop a solution at a time when corporate and financial action continues to garner much scrutiny. We look forward to working with our customers, including our first, Octopus Ventures, renowned for leadership in innovative thinking, as they seize the opportunity to be standard setters for private equity and venture capital investment.”