Green Angel Syndicate (GAS) is pleased to report that the CO2e emissions reductions enabled by its portfolio companies rose to 57,000 tonnes, cumulatively, by the end of December 2021.

This is equivalent to taking 27,000 cars off the road for a year.

As this 5th impact assessment report highlights: “globally, humans emit a whopping 50 billion tonnes of greenhouse gas into the atmosphere per year, and the UK-wide emissions are in the range of 400 million tonnes.” This means that 57,000 tonnes of CO2e is a relatively small number, but it’s a number increasing exponentially.

Green Angel Syndicate is the UK’s largest network of specialist investors fighting climate change. GAS invests exclusively in businesses with a direct impact on global warming and climate change. This means that each one of its portfolio companies must be developing a product or service that helps cut greenhouse gas emissions, or helps restore and regenerate degraded ecosystems on which we depend for CO2 removal.

This fifth impact assessment report shows that in the second half of 2021, the largest contribution to the GAS portfolio’s carbon emissions reduction figure came from the energy sector (63% of the total), followed by transportation (24%), and then buildings (7%) and recycling (5%) and agriculture (1%).

As well as looking at CO2e mitigation, GAS continues to benchmark its impact against the UN Sustainable Development Goals (SDGs). Its current portfolio companies address 10 of the 17 SDGs.

Green Angel Syndicate CEO Cam Ross comments: “This is why we do what we do – to have an impact in the fight against climate change. The startups we invest in are already making a real difference. As they grow and scale up, these CO2e savings will become more and more significant.”

Climate Change Fund CIO Antoine Pradayrol says: “Investors in Green Angel Syndicate’s Climate Change Fund are very much motivated by the impact that portfolio businesses will have on carbon emissions. They know that their portfolio’s financial returns and the companies’ carbon impact will go hand in hand. As such, it is great to be able to report that our carbon impact is growing - reflecting the growth of the companies themselves but also the expansion of our portfolio.”

Green Angel Syndicate Founder and President Nick Lyth says: “It’s great to see this latest report travelling in the right direction. The car equivalent comparison allows us all to visualise and contextualise our portfolio achievement, but let’s be absolutely clear. Those cars are still on the road. We need our work to take them off the road, as well as everything else we are doing.”