Prioritizing social and environmental responsibility is good business
We have frequently discussed how Industrial Automation and the Industrial Internet of Things (IIoT) are crucial components of the infrastructure needed to achieve Environmental, Social, and Governance (ESG) goals and reap their benefits. This is why Momenta has strongly advocated the Industry 5.0 initiative, which establishes a framework that connects digital technologies with ESG impact.
This quarter proved to reinforce that perspective between the bookends of two seminal events.
In January, we were pleased to host an Industry 5.0 keynote and industry panel at the IoT Solutions World Congress in Barcelona. Both served to reinforce the value of ‘purpose-driven’ technologies, advancing productivity, people, and planet goals. Momenta expanded our support by announcing an Industry 5.0 venture capital fund, our fourth fund, expanding our industrial impact investing.
In late March, we had the pleasure of participating in the BofA Global Industrials Conference in London. The conference provided a platform for leaders from the 100 largest industrial companies to convene and discuss global trends and the current results. The critical trends under discussion included re-shoring, electrification, and green initiatives like electric vehicles, heat pumps, sustainable buildings, clean electricity, and carbon capture. The EU Commission also keynoted Industry 5.0, underscoring the importance of a triple-bottom-line of value.
Through these events, it's become evident that industry leaders and policymakers recognize the same truth our entrepreneurs have: doing good can create sustainable business value. Momenta is proud to be part of creating the infrastructure for industrial impact through investments in entrepreneurs, advisory services for large industrials, and talent placement. While this trend is still emerging, we believe that doing well by doing good is the future of sustainable business.
Momenta is the leading Digital Industry venture capital firm accelerating digital innovators across energy, manufacturing, smart spaces, and supply chain. Led by deep industry operators across its venture capital, strategic advisory, and executive search practices, Momenta has made over 50 investments with notable exits to SAP, PTC, and Husqvarna.
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