Impact investment reduces greenhouse gas emissions

August 19, 2019
carpoolers talking 

Through its Impact PEM investment with Scoop Technologies, Mercy Investment Services is helping to reduce greenhouse gas emissions from passenger vehicles. 

Software company Scoop Technologies runs carpooling programs for large employers and operates a smartphone-based marketplace that matches drivers with riders with similar commutes. Currently, Scoop operates in more than 2,000 cities across six major metro areas, including the San Francisco Bay Area, Seattle, Portland, Reno and Los Angeles. Commuting accounts for approximately 50% of household light-vehicle trips, with single-occupancy vehicles being the largest contributors at 5% of total U.S. greenhouse gas emissions. Scoop's unique ability to enable a rider to get picked up at home and dropped off directly at work enables it to serve a broad group of commuters. In 2018, Scoop facilitated more than 3 million carpools, avoiding 53 million miles driven and approximately 21,000 metric tons of greenhouse gas emissions. Click here to see the short video on Scoop.
Since 2015, Mercy Investment Services has funded investments supporting a low-carbon future such as wind and solar power, clean-energy business solutions, sustainable agriculture and more through the Environmental Solutions Fund. The Fund, which includes the 80/20, 70/30 and 60/40 Mercy Funds and the 80/20 Sponsored Ministry Fund, focuses on mission-related, positive, market-rate alternative investment strategies in cleantech, water, green buildings, and sustainable agriculture and forestry.