Prime Coalition
Impact Strategy Summary
Investment type/ asset class: Venture
Stage: Early stage (Seed through Series A)
Geographic Focus: Mostly US
Sector: All emitting sectors + carbon removal
Organization type(s): Prime is a nonprofit 501(c)(3) and conducts assessment for tech it invests in and manages, as well as tech it invests in and does not manage. Prime’s impact & Additionality assessments are gating factors for all investments we affiliate with.
Impact assessment capacity: 1 FT &1 PT dedicated to impact assessment
Assets under management/tied to impact assessment: Prime has mobilized $250MM+ for climate investment. Prime is not an asset manager.
Strategies to steer towards impact: Investment manager carried interest tied to impact milestones; latest fund supports continuing governance through follow-on stages.
Methodology Summary
Does an existing methodology align with yours? If so, which one(s)? Prime/NYSERDA ERP
Time horizon of assessment: Through 2050
Fractionalize shares of impact among interdependent climate technologies: No
Fractionalize your share of impact as an investor among many investors: No
Metrics tracked: Potential GHG impact (Annual/ Cumulative); Progress toward impact milestones; Realized GHG impact; Geographic and demographic diversity of pipeline and portfolio; Investment manager actions toward impact.
How realized impact is/will be tracked: Process under construction!
Other assessment or investment-decision making characteristics you're proud of: Systematic approach to Additionality (detail coming soon)
Resources: Prime/NYSERDA ERP Assessment Approach; Prime Coalition 2021 Climate Impact Audit