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I run a company which provides a credit scoring system for banks which helps them include environmental and climate criteria in credit decisions. Our underlying
by GreeniFi 9y ago
I run a company which provides a credit scoring system for banks which helps them include environmental and climate criteria in credit decisions. Our underlying motivation is that if we want to create sustainable supply chains, the incentives which shape them need to line up with our objectives for them. Credit scoring which compels businesses to behave more sustainably is a massive incentive towards this.
We have had recent success with big banks starting pilots with the system. But it's been a big struggle.
How would I encourage new ventures in this space. Very simple: make money available in the same way YC does. A veritable spigot of seed, early stage and growth capital that isn't always looking for immediate returns, but for new ventures to demonstrate their assumptions hold true.
When I sell my business, which is my aim, this is what my profits will fund.