Higg

Date: 2022

Asset Class: Direct Investment

Description:  Higg is a sustainability insights platform for consumer goods industries, delivering software and services for measuring, managing and sharing value chain performance data. Higg gathers and organizes the primary impact data that businesses need to make each step of their value chain more sustainable. Higg’s measurement tool, the Higg Index, allows users to i) assess water use, waste management, and energy use at facilities; ii) measure the social impact of manufacturing across wages, working hours, and employee treatment, and iii) compare the environmental impact of different materials, allowing design teams to make more sustainable choices during material selection. Higg works with global brands, such as Patagonia, Nordstrom and H&M, as well as multi-vertical retailers and manufacturers. Higg has over 45,000 users, representing tens of thousands of manufacturers and 500+ brands of all sizes.

Why We Invest: For Environmental, Social and Governance (ESG) measures to be meaningful, their measure must extend through the value chain. Higg is a public benefit company that does just that. Many global corporations have made ESG commitments, and they need to measure to be able to deliver. Allowing companies to better understand their risks tends to lead to better financial returns; and investors, consumers and employees are all showing a strong preference for companies that score high on ESG measures, indicating a healthy and growing market.