- Societe Generale, by way of Societe Generale Ventures, and Altalurra Ventures take a stake in impak rankings a Collection A €4.5 million funding.
- Societe Generale has additionally chosen impak rankings to investigate the environmental and social impacts of its main company shoppers to raised help them of their environmental and power transition.
- This operation positions impak as a number one evaluation and impression ranking company in Europe and demonstrates the accelerating transformation of the monetary sector in direction of accountable and constructive impression finance.
PARIS, Sept. 30, 2022 /CNW/ — Societe Generale – considered one of Europe’s main monetary companies teams, which helps its shoppers of their environmental and power transition by offering accountable and progressive financing options – and Altalurra Ventures – a fund investing in technological start-ups with an constructive impression – are investing in impak rankings to with the ambition for the corporate to be Europe’s main evaluation and impression ranking company, with a Collection A for €4.5 million funding.
impak, a novel participant available on the market
Launched in 2019 and primarily based in Montreal and Paris, impak rankings goals to be the main European impression evaluation and ranking company. The beginning-up has already signed with round twenty shoppers due to its progressive and distinctive methodology. The corporate gives monetary establishments with high-quality impression evaluation, primarily based on essentially the most consensual and rigorous trade requirements permitting transparency, comparability and knowledge contextualization. By assessing how corporations mitigate their adverse impacts and the way they create constructive results, as in comparison with the UN’s 17 Sustainable Growth Targets, impak rankings goes past the normal evaluation of ESG points due to a twin materiality strategy consisting of finding out the impression of the setting on the corporate and the impression of the corporate on its setting. This strategy is now acknowledged as being instrumental to enabling the monetary sector be a catalyst for the transformation of our economies, which in the present day explains the corporate’s collaboration with main gamers available in the market, resembling Societe Generale.
In-depth collaborative work
Certainly, it’s due to this differentiating positioning that the corporate was in a position to persuade its new companions, whose participation will significantly speed up the event of the start-up. Along with its funding, Societe Generale group, by way of its International Banking and Advisory division, in December 2021 selected impak rankings as a accomplice to supply impression evaluation for all its company shoppers and combine the rankings into the financial institution’s normal enterprise processes.
“We’re happy with the strengthening of this strategic partnership with impak rankings. Having an excellent understanding of our shoppers’ environmental and social points is important to in supporting them going additional with their accountability roadmap. By welcoming the start-up into Societe Generale Ventures, Societe Generale is contributing to accelerating the environmental and social transformation of its shoppers’ actions,” mentioned Pierre Palmieri, Head of International Banking and Advisory, Societe Generale.
Altalurra can be making the same alternative by signing a co-development settlement with impak rankings assembly the perfect impression reporting practices for institutional buyers in Europe and all over the world.
Constructing momentum for sustainable finance
The monetary sector is at the moment present process a deep transformation. As key gamers within the financing of the economic system, banks are more and more taking on environmental and societal challenges to develop into sturdy enablers on this transition. To help these adjustments, they should combine high-quality knowledge and impression evaluation into their decision-making and enterprise processes. The synergies which might be rising in the present day between impak rankings and its companions are totally consistent with this strategy, which goals to set coherent targets within the impression measurement course of.
Hyperlink to the complete press launch: https://www.impakfinance.com/press-release/
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SOURCE impak Rankings
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