TLDR:
Qiming Venture Partners signs the United Nations-supported Principles for Responsible Investment to promote sustainable growth and positive social impact. The firm is committed to ESG values and has joined an international network of over 5,000 signatories. Qiming plans to enhance its ESG approach, implement initiatives, and report progress annually to PRI.
Article Summary:
China’s leading venture capital firm, Qiming Venture Partners, has recently become a signatory of the United Nations-supported Principles for Responsible Investment (PRI). By signing the PRI, Qiming has joined a global network of over 5,000 signatories sharing a mission to shape a sustainable financial system.
Qiming’s Founding Managing Partner, Duane Kuang, emphasized the firm’s commitment to Environmental, Social, and Governance (ESG) values and responsible investment practices through signing the PRI. The firm plans to utilize PRI’s tools, guidelines, and engagement opportunities to enhance its ESG approach and report progress annually.
Qiming focuses on two primary sectors – Technology & Consumer and Healthcare – and seeks investments in businesses that uphold ESG values. The firm supports efficient, energy-conscious, and eco-friendly companies in the technology sector and addresses unmet healthcare needs on a global scale.
Furthermore, Qiming is dedicated to promoting gender equality within its organization and portfolio companies, fostering female leadership and equal employment opportunities. The firm has also initiated programs like Charity Month and Employee Charity Leave to encourage employees to contribute to public welfare.
In collaboration with China Rural Development Foundation, Qiming launched the “China Rural Revitalization Entrepreneur Support Program,” committing to training and empowering rural entrepreneurs. The program aims to inspire rural development and has already empowered hundreds of entrepreneurs and social organizations across underdeveloped provinces.
Founded in 2006, Qiming Venture Partners manages multiple funds and has invested in over 530 companies in the Technology & Consumer and Healthcare sectors. Many portfolio companies have achieved significant success and influence in their industries, attesting to Qiming’s commitment to sustainable growth and positive social impact.
