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The Uptake | Sustainable investing

Written by The Uptake Published on   1 min read

The role of venture capital in ESG.

Hi, it’s Edmund.

The venture capital industry plays a key role in our fight against climate change.

VCs are pivotal in shaping the future of our planet and community, especially when it comes to environmental, social, and corporate governance (ESG) investment. In 2021, a record USD 120 billion was invested in ESG-focused ETFs, more than double 2020’s USD 51 billion.

While the conversations around sustainable finance have grown over the past couple of years, much more can be done by VCs when it comes to embedding ESG in their investment decisions to positively impact the environment and society.

According to Benjamin Soh, managing director at STACS, a Singapore-headquartered startup that leverages its proprietary technology to develop ESG fintech solutions, current levels of financing on sustainability projects are not sufficient.

This is despite some progress made on this front over the past couple of years, including new partnerships in the ESG space between public and private financing.

In our latest Q&A on the role of fintech in supporting the ESG agenda, Soh also spoke about how capital allocation can be carried out to facilitate the sustainability push. Click here to read more.

On a different note, this week, we ran an interesting article on OCBC Bank Singapore, and how it is future-proofing its business model through Web3. Read it here.


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