New Just Impact Report Makes Broad Value of Cleantech Investment
Clear as California Maintains Leadership in Advancing Innovative
Solutions Towards a Sustainable Future

LOS ANGELES–(BUSINESS WIRE)–#CleanEnergy–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 are
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.

The framework of this newly released report is expected to grow and
evolve through invited collaboration with experts in the field, with a
focus on social impact investment and philanthropy. LACI is seeking
committed partners to help build comprehensive monitoring of businesses
in world markets. Triple bottom line measurements included in the
inaugural report feature 2015-2016 comparative results of performance
for LACI reporting companies, including:

• A 95% increase in full-time equivalent jobs and a breakdown of jobs by
  sector
• Female Employment – Up 117%
• Minority/Previously Excluded Employment – Up 195%
• Cumulative Total Funding – Up 64%

“Even most of Wall Street now admits greed is not good,” said Neal
Anderson, LACI Co-Founder and Chief Operating Officer. “The question the
markets and we are asking is, how are we doing well for ourselves, not
just at the expense of people and the planet, but also in service of our
collective environmental and social goals? It’s not too much to make
money, create good jobs, embrace diversity, use resources sustainably
and efficiently, and benefit the communities where we operate. It’s
essential.”

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.

Environmental measurements reported for LACI companies in the 2015-2016
comparison, include:

• GHG Reduction in (lbs.) – Up 77% (Reducing 249,854,023 lbs. of GHG,
  the equivalent of removing 13,034 cars from our nation’s roads for one
  year).
• kWh Generation – Up 218% (94,975,250 kWh of electricity, enough to
  power 9,328 homes for one year).
• Water Savings – Up 589% (23,426,750 gallons of water savings,
  enough to fill 35 Olympic-sized swimming pools).
• Non-Hazardous Waste Avoided – Up 45% (Avoiding 1,245,326 lbs. of
  non-hazardous waste, equivalent to taking 60 garbage trucks off the
  road for a year).

The LACI Just Impact framework utilizes IRIS Metrics, created by
the Global Impact Investing Network (GIIN), a library of common metrics
used for impact reporting. Last year, LACI began a process to tailor
data collection beyond financial reporting in order to meet the growing
needs of market participants and stakeholders. The financial incentive
is significant for companies aligning their missions with the values of
customers and communities. Additionally, impact monitoring provides a
screening tool for investors to locate opportunities to allocate capital
towards positive change.

“We see this impact reporting evolving to mirror that of today’s
financial reporting,” said LACI Investment Director, Tony Morberg.
“Reporting on concrete social and environmental performance data,
alongside financial data, allows market participants to fully understand
the value our companies can bring to an investment.”

LACI invites collaboration and input on the evolution of impact
reporting for global markets. Please contact [email protected]
to help grow this framework for a sustainable and equitable future.

About LACI

The
Los Angeles Cleantech Incubator (LACI) is a private non-profit
organization helping to accelerate the commercialization of clean
technologies by offering flexible office space, CEO coaching, mentoring,
and access to a robust network of partnerships and capital. LACI was
founded in 2011 as a cluster-driven economic development initiative
supported by the City of Los Angeles, the Los Angeles Department of
Water & Power and the Community Redevelopment Agency of Los Angeles.
Recognized as one of the most innovative business incubators in the
world by UBI, LACI identifies local entrepreneurs across multiple
cleantech business sectors and guides them to market, creating jobs that
advance LA’s green economy. In just five years, LACI has helped 67
companies raise $135M in funding, created 1,500 jobs, and delivered more
than $335M in long term economic value for the City of Los Angeles. LACI
operates out of the La
Kretz Innovation Campus with satellite offices in Northridge, CA and
Silicon Valley and is founder of the Network for Global Innovation
(NGIN). For additional information, please visit: LACI.org.

Contacts

Los Angeles Cleantech Incubator
Laurie Peters, 818-635-4101
LACI
Communications Director
[email protected]