Open Net Zero: Impact Investing

Improving the infrastructure and practices of impact data

Funded by the Tipping Point Fund on Impact Investing, Icebreaker One delivered a 10-month programme to support its Open Net Zero service, putting net zero data at everyone’s finger tips. For this project, our focus is the development and improvement of data infrastructure and practices for the sharing of impact investment* data. 

To produce workable use cases for the project, we centred our efforts around the problem statement: “How can improving the data sharing infrastructure of a company’s energy and water use impact data (scopes 1-3) increase trust and data validation, including by ratings agencies?”

Through in-depth research, interviews and advisory groups, we identified use cases to address this problem statement. Use cases demonstrated how we can improve the trust and validity of environmental data and link this directly to financial impact. This work was supported by our advisory group co-chairs – Julia Langley, ESG & Sustainability Strategy at State Street and David Carlin, Head of Climate Risk & TCFD at UNEP FI.

Project Timeline

The project delivered ‘COP28 recommendations and future planning, producing a list of recommendations to take to COP28, using the advisory group to validate our recommendations. We will produced a summary that encapsulates our work and progress to date. Please contact with any questions.

Our Impact Investing report: Recommendations for COP28 – download here

Impact Investing advisory group meeting 4:

As noted in the TPF’s Data, Metrics, and Measurement grant announcement, Fran Seegull Executive Director of the Tipping Point Fund on Impact Investing and President of the U.S. Impact Investing Alliance states:

“As impact investing continues to grow in scope and scale, so too must the tools and frameworks used to assess impacts across a range of environmental, social, and economic factors.”

“Each organisation shares the goal of generating more consistent and interpretable impact data that can be used by different market actors to improve decision-making and better address urgent sustainability challenges.” Jessie Duncan, Program Officer at the Tipping Point Fund on Impact Investing.

Further reading:

*The programme is using Global Impact Investing Network’s definition of impact investing: “Impact investments are investments made with the intention to generate positive, measurable, social and environmental impact alongside a financial return.”