European entrepreneurs and investors appear to be responding to the global climate crisis. European tech companies targeting climate action (SDG #13) have attracted greater sums of investment than purpose-driven start-ups addressing any other SDG with more than $11B invested cumulatively since 2016. This is followed by investment into companies addressing SDG #7, affordable and clean energy, which have attracted $9.7B of cumulative investment since 2016.
Climate action
$11B
capital invested into European tech companies targeting climate action since 2016
Capital invested ($M) in purpose-driven European tech companies per SDG addressed
Dataset: >$500m invested cumulatively
Source:
Legend
SDG 13: Climate action
SDG 7: Affordable and clean energy
SDG 3: Good health and well-being
SDG 11: Sustainable cities and communities
SDG 12: Responsible consumption and production
SDG 2: Zero hunger
SDG 9: Industry, innovation and infrastructure
SDG 14: Life below water
Note:
Companies addressing more than one SDG are counted against each individual SDG they are targeting. 2020 is annualised based on data up to September 2020.