S2G Annual Report 2024

We celebrated our 10^th year in the market, launched as an independent business, grew to more than 50 team members, and prepared to enter 2025 with a new name: S2G Investments. These milestones represent our evolution into a firm distinctly positioned to help scale the next generation of solutions at the seams of food and agriculture, energy, and oceans.

We also introduced our Theory of Change, a framework that seeks to guide new investments and map our portfolio to the shared ​“North Star” goals and long-term impact outcomes we aim to achieve. This framework anchors our strategy and aligns how we measure success: in risk-adjusted market-rate financial returns, and also in tons of CO₂ mitigated, calories made more nutritious, megawatts installed, and acres sustainably managed, to name a few. 

We believe the companies best positioned to thrive will be capable of embracing system-level shifts and equipped to deliver solutions that outperform traditional alternatives. The most durable among them will build antifragile models with limited downside risk and asymmetric upside potential, driving long-term value for people and the planet. These are the businesses we seek to back and scale.

We remain humbled by the collective effort it takes to drive lasting systems change and grateful for the opportunity to help lead it. We believe the future belongs to those bold enough to reimagine what’s possible and we are proud to be building that future with you.

Read more about our approach, mission, and portfolio impact in the S2G Annual Report.