In their scan of the 50 largest VC funds, only five mentioned ESG or a commitment to sustainability on their websites.
While the sustainability theme is not new to most investors, it is only beginning to catch on among venture capital (VC) firms, which tend to operate more actively in the private space, away from the disclosures obliged on public companies.
According to California-based magazine Stanford Social Innovation Review, VCs lagged behind in adopting environmental, social and governance (ESG) practices.
