Category: corporate sustainability

From our pre-seed to a $7.8M seed led by Index, Sylvera brings much needed clarity to carbon offset markets

This post is by Kate McGinn from Seedcamp

The Sylvera team, including founders Dr. Allister Furey (top left) and Samuel Gill (top middle)

By 2030, Ikea, Microsoft, Apple, KPMG, the BBC and Burger King all have grandiose aims to become net zero. These companies are not alone in their commitment to sustainability. In fact, 21 percent of the world’s largest 2000 public companies have committed to meeting net zero targets. And regardless of whether these goals are intended as a publicity stunt or an honest concern for the environment, data to make carbon offsetting decisions is instrumental for businesses to take considered action. This is what Sylvera aims to tackle. Founded by Dr. Allister Furey and Samuel Gill, Sylvera is the world’s first carbon offset ratings provider. It leverages geospatial data, machine learning and proprietary climate data to create a reliable and transparent assessment of carbon offset projects.

We backed the team last year with the strong conviction that Allister and Samuel had what it took to bring a new level of transparency to a market that is expected to grow tremendously over the next few years. After months of hard work building and scaling their platform, we are thrilled to congratulate the entire Sylvera team today on raising a $7.8M seed round led by our friends at Index Ventures with participation from SpeedInvest and Revent. Prominent angels include existing and former CEOs of NYSE, Thomson Reuters, Citibank and IHS Markit.

“We founded Sylvera because we believed that in order to reach net zero, the world will (Read more...)

Visualizing the Rise of Women on Boards of Directors Worldwide

This post is by Iman Ghosh from Visual Capitalist

The Rise of Women on Boards

The Rise of Women on Boards of Directors Worldwide

Women’s representation in the boardroom is a mixed bag. The number of women on boards is rising across the globe—but the rate of increase has slowed for three of the past four years.

Based on MSCI research of All Country World Index (ACWI) constituent companies, the graphic above reveals a 10-year trend of women’s representation on corporate boards, and projects three future scenarios on the way to parity.

ESG Goals: The Path to Parity

The ESG ecosystem considers 30% representation to be a critical milestone on the road to reaching gender parity on corporate boards of directors.

Following a small uptick in 2019—and two years of slowed growth from 2017 to 2018—the rise of women on boards slowed again in 2020, gaining 0.6 percentage points (p.p.).

Based on different forward-looking scenarios, here’s how long it could take to reach equal representation:

 Progressive scenarioBusiness-as-usual scenarioDeceleration scenario
Years to reach 30%
Women on Boards (WoB)
6 years9 years16 years
Year we may reach >50% WoB203920452070

Source: MSCI ESG Research LLC as of Oct. 30, 2020.

On the whole, parity on corporate boards could be reached as early as 2039 or as late as 2070.

Women’s Representation: State of the Unions

MSCI research reveals trends that highlight significant traction. In 2020, fewer women became directors, but all-male boards continued to decline worldwide to 17% in 2020 (a 2 p.p. drop) among the ACWI contingent.

This (Read more...)