Giant Leap has published its FY24 Portfolio Impact Highlights Report, which underscores the Impact Venture Capital fund’s commitment to measuring and sharing the impact of its investments and highlights the inspiring achievements of its portfolio companies.
The Report also provides a review of Giant Leap’s DEI metrics and carbon footprint, with the aim of encouraging greater accountability and industry-wide change.
“We’re committed to leading the way in fostering diversity and genuine inclusion in the startup ecosystem, as well as reducing our environmental impact. There is always room for improvement and we’re actively on a journey of continuous progress — if you have any feedback on what we’ve shared, we’d love to hear it,” said Giant Leap.
Impact Highlights
Giant Leap outlined the bold steps taken by its portfolio companies to solve the world’s most pressing problems across climate, health and people. Highlights include:
- Addressing climate change and the environmental crisis: Our portfolio companies are building solutions in the built environment, supporting renewable energy adoption and enabling the circular economy. They’re helping reduce carbon emissions not just in Australia, but globally.
- Enabling better access to improved health outcomes: Our portfolio companies have improved health outcomes by creating digital programs that meet the needs of complex and vulnerable patients.
- Driving systemic change in education and the workplace: Through innovative education and jobs platforms, our portfolio companies are creating economic opportunity and positively shifting company cultures for underrepresented groups.These highlights only scratch the surface, and we’re incredibly proud of what each portfolio company has accomplished.
Since fund inception, Giant Leap portfolio companies across its two funds have avoided over 200,000 tonnes of carbon emissions, generated $200 million of savings to the healthcare system and improved workplace policies for over 900,000 employees.
Giant Leap said: “This report underscores our commitment to measuring and sharing the impact of our investments.
“Over the past year, progress has been mixed—advancements in some areas contrast with setbacks in others. We think this is best described as ‘two steps forward, one step back.’ While the world continues to take incredible strides towards our collective goals in some areas, we struggle against the tide in others.
“Nevertheless, positive forces continue to drive change across our themes of climate, health, and people.Key developments include new climate-related disclosure laws, government investments in green tech, and the release of gender pay gap data for nearly 5,000Australian employers. These factors open doors for sustainable, high-performing businesses.
“We’re proud of our portfolio companies for tackling today’s most urgent challenges, and we hope you find the report insightful.”
Looking ahead
“Although we’re all feeling the effects of the uncertain times we’re living in, we see positive forces driving change across our themes of climate, health, and people.
“Key developments, such as new climate-related disclosure laws, government investments in green technology, and the release of gender pay gap data from nearly 5,000 Australian employers, are creating opportunities for sustainable, high-performing businesses.
“Looking to the future, we’re excited about the opportunities to deepen our impact and back founders committed to creating systemic change.”
You can download the full report here.