Temasek, the Singaporean investment company, has recently invested in BlueMark’s US$10 million Series A funding round for impact verification services. This investment is a significant step towards promoting sustainable investments and ensuring that companies are held accountable for their social and environmental impact.
BlueMark is a New York-based company that provides independent verification services to investors and companies to measure their social and environmental impact. The company’s services include impact assessments, reporting, and verification of sustainability claims. BlueMark’s mission is to promote transparency and accountability in the impact investing industry by providing reliable and standardized metrics for measuring impact.
The Series A funding round was led by ImpactAssets, a nonprofit financial services firm that specializes in impact investing. Other investors included Omidyar Network, Tiedemann Advisors, and the Ford Foundation. The funding will be used to expand BlueMark’s services and develop new tools for measuring impact.
Temasek’s investment in BlueMark is a significant endorsement of the company’s mission and services. Temasek is one of the largest investment companies in Asia, with a portfolio of over US$230 billion. The company has a strong focus on sustainability and has committed to achieving net-zero emissions by 2050. Temasek’s investment in BlueMark demonstrates its commitment to promoting sustainable investments and holding companies accountable for their impact.
The impact investing industry has grown significantly in recent years, with investors increasingly looking to invest in companies that have a positive social and environmental impact. However, measuring impact can be challenging, and there is a need for standardized metrics and independent verification services to ensure that companies are held accountable for their impact.
BlueMark’s services provide investors with the assurance that their investments are making a positive impact. By providing independent verification services, BlueMark helps to promote transparency and accountability in the impact investing industry. This is essential for building trust between investors and companies and ensuring that sustainable investments continue to grow.
In conclusion, Temasek’s investment in BlueMark’s Series A funding round is a significant step towards promoting sustainable investments and ensuring that companies are held accountable for their impact. BlueMark’s services provide investors with the assurance that their investments are making a positive impact, and this is essential for building trust and promoting transparency in the impact investing industry. With the support of investors like Temasek, BlueMark can continue to expand its services and develop new tools for measuring impact, further promoting sustainable investments and positive social and environmental impact.
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