Catalytic impact investment in innovative
startups dedicated to mitigating climate change
CHICAGO, March 28,
2024 /PRNewswire/ -- JLL Foundation, a non-profit
founded and backed by JLL (NYSE: JLL), published its second
Annual Report, highlighting its efforts to scale-up a diverse
community of early-stage companies focused on climate change
mitigation.
Of the fifteen startups supported by JLL Foundation in 2023,
100% are helping to reduce greenhouse gas emissions; 73% are making
a sustainable impact on real estate and land; 60% are reducing
water consumption; 53% are reducing waste and 33% are making a
social impact.
"The JLL Foundation takes a non-traditional approach, providing
zero-interest loans, which allow companies to survive and thrive
during the challenging early stages in their journey towards
commercialization," said Trish
Maxson, Chair, JLL Foundation. "We are building a community
that contributes to a more sustainable, circular economy, and
ensuring that our work can continue in perpetuity."
JLL Foundation's mission closely aligns with JLL's purpose to
shape the future of real estate for a better world and its own
sustainability program focused on climate action, healthy spaces
and inclusive places. JLL Foundation offers catalytic funding
particularly to entrepreneurs who traditionally have less access to
venture capital – for example 53% of the 2023 portfolio companies
are fully or partially female founded. Since its inception in
2022 and in partnership with Good Machine, a venture studio
specializing in the climate impact space, JLL Foundation has
invested in 30 impact-driven startups across five continents.
"Providing interest free loans from the JLL Foundation to
startups is one way to accelerate the transition to
a more sustainable world," said Christian
Ulbrich, Global CEO and President of JLL. "It is a privilege
to support these innovative companies as they grow, catalyzing
their impact on the environment. JLL is committed to mitigating the
harmful effects of climate change and I wish all these companies
great continued success in expanding their vital work."
The impact of the Foundation's investment varies based on the
needs of each company. For instance, in 2023, the foundation's
loans helped:
- Kadeya, a closed-loop beverage system manufacturer, fund its
first fully autonomous unit.
- Minus Materials, a carbon-negative, biorenewable limestone
producer, focus on markets that consume higher quality calcium
carbonate.
- Zafree, a tree-free paper pulp fabricator, purchase a machine
that will help increase its capacity.
- GoPowerEV on its mission to ensure that every electric vehicle
owner has affordable and convenient access to charging.
To learn more about the JLL Foundation's impact, read the JLL
Foundation 2023 Annual Report here.
About JLL Foundation
JLL Foundation is dedicated to
impacting climate change now and in the future. A non-profit
founded and backed by JLL, one of the largest global real estate
companies with a demonstrated commitment to sustainability, JLL
Foundation's goal is to be a catalyst for climate-impacting
startups. For further information, visit foundation.jll.com.
About JLL
For over 200 years, JLL (NYSE: JLL), a
leading global commercial real estate and investment management
company, has helped clients buy, build, occupy, manage and invest
in a variety of commercial, industrial, hotel, residential and
retail properties. A Fortune 500 company with annual revenue of
$20.8 billion and operations in over
80 countries around the world, our more than 106,000 employees
bring the power of a global platform combined with local expertise.
Driven by our purpose to shape the future of real estate for a
better world, we help our clients, people and communities SEE A
BRIGHTER WAYSM. JLL is the brand name, and a registered
trademark, of Jones Lang LaSalle Incorporated. For further
information, visit ir.jll.com.
Contact: Allison Heraty
Phone: + 1 312 228 3128
Email: allison.heraty@jll.com
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SOURCE JLL-IR