EdtechX Holdings Acquisition Corp. II and IBIS Capital launch new ESG and Impact evaluation methodology for edtech investments
25 Novembre 2021 - 5:37PM
EdtechX Holdings
Acquisition Corp. II and IBIS Capital
launch new ESG and Impact
evaluation methodology for edtech
investments
London, 25 November 2021. EdtechX Holdings
Acquisition Corp. II (NASDAQ: EDTXU), the edtech-focused SPAC,
today announced that it will use a pioneering methodology to
evaluate the ESG credentials of potential target businesses in the
edtech space.
The proprietary methodology, one of the first of its kind in the
edtech sector, has been developed by EdtechX Holdings
(EdtechX), a leading European edtech investment platform, and
specialist education technology investment bank, IBIS Capital. The
methodology examines seven ESG metrics material to the
edtech sector including factors such as reach and affordability,
efficacy of education or training, responsible selling and
marketing practices, customer privacy and data security among
others.
Key performance indicators within each
edtech-specific category, such as the number of students enrolled
(including those enrolled from underserved geographies and
low-income households), course completion rates and job-placement
rates, help investors to accurately assess the efficacy of ESG
initiatives and the strengths, weaknesses, and risks of potential
investments in the sector.
EdtechX and IBIS Capital hope its
comprehensive methodology will also help edtech companies assess
their own ESG criteria and performance, as well as assisting the
rising number of generalist investors seeking to enter the space.
EdtechX Holdings Acquisition Corp. II will be the first SPAC to
evaluate potential investments in this way, with the aim of
attracting impact investors to the edtech industry.
ESG is a core focus for EdtechX, which last year
launched the ‘SPACs for Good’ campaign. The pledge saw co-founders,
Benjamin Vedrenne-Cloquet and Charles McIntyre, grant 4% of their
SPAC founders shares to not-for-profit initiatives which support
the digitalisation of education. The campaign also encourages other
SPAC founders and sponsor teams to pledge a minimum of 1% of their
founders shares as a grant for the same causes. The co-founders
hope to establish the campaign as a market standard.
Benjamin Vedrenne-Cloquet, CEO and Co-Founder of
EdtechX and Partner at IBIS Capital said: “The
Covid-19 pandemic significantly impacted learning as most
educational institutions swiftly transitioned to a remote or hybrid
learning model comprised of a mix of in-person and virtual
education. While challenging to execute, this rapid shift
accelerated advancements in the field of education technology and a
hybrid model will undoubtedly be retained going forward to enhance
traditional education.
It is therefore imperative that edtech companies
operating in this exciting space remain on top of not only the
technological challenges this structure poses, but also the
relevant ESG factors required to ensure the success of the model in
bringing equality to accessibility of education. We expect this
methodology to support a shift towards ESG excellence in the
sector.”
FORWARD-LOOKING STATEMENTS
Certain statements included herein are not historical facts but
are forward-looking statements for purposes of the safe harbor
provisions under the United States Private Securities Litigation
Reform Act of 1995. Forward-looking statements generally are
accompanied by words such as “believe,” “may,” “will,” “estimate,”
“continue,” “anticipate,” “intend,” “expect,” “should,” “would,”
“plan,” “predict,” “potential,” “seem,” “seek,” “future,”
“outlook,” and similar expressions that predict or indicate future
events or trends or that are not statements of historical matters,
but the absence of these words does not mean that a statement is
not forward-looking. These statements are based on various
assumptions, whether or not identified herein, and on the current
expectations of EdtechX’s management and are not predictions of
actual performance. These forward-looking statements are provided
for illustrative purposes only and are not intended to serve as,
and must not be relied on by any investor as, a guarantee, an
assurance, a prediction or a definitive statement of fact or
probability. EdtechX undertakes no obligation to update these
statements for revisions or changes after the date of this release,
except as required by law.
- EdtechX Adoption Life Cycle
- EdTechX Founders
Contacts:
-Press - Eleni Menikou: Eleni.Menikou@citigatedewerogerson.com
-EdtechX IBIS Capital ESG Methodology- Benjamin Vedrenne-Cloquet: hello@edtechx.com
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