There's a new player in the sustainable investment game, and it's a woman-owned company.
BlueMark, a New York City-based startup, has been awarded $1 million in grants from the Rockefeller Foundation and the Tipping Point Fund on Impact Investing, as well as $3.75 million in funding from investors including the Ford Foundation, Fortune reports.
BlueMark's mission is "to strengthen trust in impact investing and to increase accountability for impact," CEO Christina Leijonhufvud says in a press release.
The grants will be used to expand the company's impact verification services, as well as to research and develop best practices for impact performance reporting.
BlueMark has already completed more than 60 impact verifications for a wide range of investors, including asset managers, private equity, private credit, infrastructure, fixed income, public equity, and multi-asset managers, as well as institutional investors, development finance institutions, foundations, and wealth management firms.
It's an independent subsidiary of Tideline, a women-owned advisory firm in impact investing.
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