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Is JPMorgan turning a corner on climate finance?

TechCrunch

Since the Paris Agreement was signed in 2016, the bank has financed more than $430 billion worth of fossil fuel projects, according to the most recent Banking on Climate Chaos report , far exceeding its peers. At first, ESG (environmental, social, governance) investing felt like a supplemental action at many investment firms.

Banking 207
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Two Factors that Determine When ESG Creates Shareholder Value

Harvard Business Review

The paper “Corporate Sustainability: First Evidence on Materiality,” published in 2016, marked a significant shift in perceptions of corporate sustainability. It demonstrated that focusing on financially material ESG (environmental, social, and governance) factors positively impacts portfolio returns and shareholder value.

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SAP poaches Microsoft exec as its new global head of AI

CIO

As part of Microsoft’s development team, Sun created Bing Predicts, the inference engine that provides the “favored to win” forecasts beneath search results for sporting fixtures and attempted to predict the 2016 US presidential election winner. Spoiler alert: it failed.)

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Korean VC Sopoong closes $8M fund for startups focused on environmental impact

TechCrunch

Though some businesses may never be truly sustainable, a venture firm in Seoul argues that emerging climate-tech startups will help big manufacturers do better overall. I spoke with Sopoong chief executive Max Sang-Yeop Han , a serial entrepreneur who joined Sopoong in 2016 and acquired the firm in 2019, to learn about the VC’s plans.

Chemicals 248
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A Vine mess: The choice between rebooting and reviving old software

TechCrunch

It might be ambitious to think that you can go from zero to a world-class social media site in a matter of months. Whether the team chooses to reboot or revive Vine, they must answer questions about sustaining a business in the world the app abandoned in 2016.

Software 250
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TMV’s Soraya Darabi explains how to land your first ‘yes’ from an investor today at 11 am PT/2 pm ET

TechCrunch

Darabi co-founded TMV (formerly Trail Mix Ventures) in 2016 and has built a portfolio that is majority women- and minority-owned, including employee wellness platform Bravely, holistic healthcare company Parsley Health and waste reduction upstart Ridwell. TMV is often the first institutional check a company might raise.

Fashion 248
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Full Harvest targets food waste by finding homes for imperfect, surplus produce

TechCrunch

We profiled the company at the beginning of its journey in 2016 and then again in 2017 when it raised $2 million. By sourcing produce online through Full Harvest and selecting fruit for our products that would otherwise have gone to waste, we are answering the growing consumer demand for more sustainable food options.”.