The Los Angeles Cleantech Incubator (LACI), a global leader in empowering entrepreneurs to commercialize clean and sustainable technologies, today announced the release of Just Impact, a new report designed to measure the Environmental, Social, and Economic Impact of early stage companies.
As California takes a stand in supporting low-carbon technologies, environmental protection, and clean energy development, LACI is releasing data-driven measurements of early stage cleantech innovation from its portfolio of 40+ companies. The Just Impact framework purposefully connects companies in the LACI portfolio to the broader trends accounting for environmental, social and economic impact that is now being valued in Venture Philanthropy, Social Entrepreneurship, Impact Investing, Corporate Social Responsibility, NGOs and government, both domestically and globally.
“Measurement of social and environmental impact beyond financial metrics provides investors with a broader understanding of the true risks, costs and opportunities involved, thus enabling more informed investment decisions,” states UBS Managing Director, Andrew Lee, Head of Impact Investing.
As an organization, LACI has taken a holistic approach to building a green economy, with comprehensive, long-term programs that engage a wide and diverse range of stakeholders regionally, nationally and globally. Cleantech is much more than just a leading economic driver, it is a catalyst for societal change and environmental stewardship.
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