1) The document discusses ImpactSPACs and DeSPACs, particularly those focusing on sectors that contribute significantly to achieving the UN Sustainable Development Goals like health, electrification, and agriculture. 2) Many DeSPAC companies demonstrate awareness of impact but report less on measuring and quantifying their actual social and environmental impacts. Reporting of ESG metrics also tends to be limited. 3) Regulations like the EU's Corporate Sustainability Reporting Directive could be a catalyst for more comprehensive impact reporting from companies. sectors like biotechnology currently have low levels of ESG disclosure. 4) The document highlights several DeSPAC companies working in priority impact areas like renewable energy, electric vehicles, sustainable agriculture, and

1. ImpactSPACS from the SPAC Boom, Accelerating the Impact Economy IMPACT INFORMATION
This is Part 2 of a series on ImpactSPACS & DeSPACs and their Impact Reporting
The Impact (De)SPAcs Universe
(De)SPACs companies are an interesting dataset as they focus on mostly new, developing
technologies that can be applied in many ways. Preferably #ForImpact! Althouh they can evolve in
unexpected ways…. Remember the internet was kickstarted by the DoD, embraced by scientists,
scaled by the porn industry surfers and today serves billions of people, businesses, schools,
healthcare, finance, mobility, culture, governments, NGOs… Access to the Internet is a
HumanRight. To achieve Access to Basic Needs for the many, we need ImpactTech to assure
Affordability & Availability.
So when I look at a niche DeSPAC sector such as Satellite Imaging Technology I am aware that it offers
solutions to the dominant & wealthy energy sector, which provides fossil & renewable energy. Sub sectors
contributing highly (41&38*) to the GlobalGoals. And SatTech serves the logistics, transport sector which is
responsible for about 15%? of carbon emissions. Serving the Global Economy creating Economic Growth
GG8 in developing, emerging & frontier markets and Local Economies’ Mobility of the workforce, supply
chains, students, patients Thus most to GG5 GenderEquality. (*Eccles in Forbes)
(but) Satellite imaging technology delivering real time & long term trends information can also increase
food security for billions of people and income security for 500 million smallholder farmers and their
families by collecting data for the Agriculture sector. The second most important sector to contribute to
the GlobalGoals (Eccles et al). Or monitor (de)forestation trends, climate change & biodiversity. GG13,14&15.
So as SatTech grows its industry, improves its solutions by serving marketleaders its solution also becomes
available & affordable for agriculture. Serving governments, (big) business and their suppliers. In my
perspective of an Historian and ‘’alternative development strategies’ Master it os going through a
development phase and I won’t brush it aside as ‘’not impact oriented enough’ as it is developing a healthy
Drs Alcanne J Houtzaager MA,Inclusive2
Impact Investing, Tools & Thought Pieces p. 1

2. revenue base. Such a PlanetLabs ‘$PL ’proud to announce new, discounted bundles of Planet imagery and
support for qualified nonprofit organizations and NGOs.’’
Hybrid Mixed business models charging the affluent to be able to serve the many are essential to scale,
accelerate the Impact Economy. See my Impact SWOT visual on p15, Explanatory series in Dutch sorry…
Importance of Impact Metrics
The general definition of impact for investing is that impact is intended, measured, reported &
financially sustainable: scalable, based on expected market growth & company forecasts.
Most DeSPACs companies display impact awareness and intentions but less often measurement &
reporting of their impact. Least with ESG: Environment Social & Governance metrics and reporting on their
operations. The ImpactSPACs dataset supports the European trackrecord & dominance in ESG reporting as
European DeSPAC companies listing in the USA more often present detailed ESG reports.
A role for anti ESG Sentiment? .
Most US DeSPACS occurred long before the anti Woke ESG Sentiment in the US, so that is not an explanation. I
expect that the lack of interest is explained by the powerful framework of SASB Sustainability Standards for sectors
and industries. These are tailored for investors by rating risks potential: Materiality & Relevance Materiality &
Relevance refer to the importance for profitability: 0%,> 25% or >50% eg natural resources such as energy
availability, prices, price volatility, market, emission limitation & taxation, alternatives …
I can’t wait for the International Sustainability Standards to be presented. #IFRS https://www.ifrs.org/
TIPS for Impact Information on companies impact ambitions is found here WEBSITE: Payoff, Homepage - About
Us: mision, vision, strategu Tabs Solution, Sustainability, Career Diversity Equity Inclusion, Culture - Investor
Relations websites: Presentations & Events: Investor Presentations, preferably merger IP (EDGAR), SWOTs, GG
conribution pages, Sustainability & ESG Report, SEC Filings Governance Charters (limited). SEC EDGAR: Google
investor presentation for the SPAC merger IP, some companies present new versions for different investor events.
External ESG Rating: Sustainalytics, CSR Hub (rare)
Drs Alcanne J Houtzaager MA,Inclusive2
Impact Investing, Tools & Thought Pieces p. 2

3. I am always searching for GlobalGoals contribution information. The UN Global Goals were adopted in
2015 setting indicators and targets for governments, but can only be achieved by collaborating
businesses,private markets. The Goals are set for 2030 and Sector organizations and marketleaders often
Best in Class ESG companies have developed tailored prioritised agenda’s with industry specific issues.
Which Goals should be attended first and how. As have ESGresearch bureaus, investment risk raters and
asset managers seeking sustainable gren investments for their solutions: insights & funds. Thus creating
common impact, GlobalGoals agendas and creating Level Playing Fields for market constituents and
new entrants efforts to contribute.
ESG transparency & rating and Global Goal
contribution are Formidable forces to
decouple negative impact from growth for
sectors & companies, lower negative
impact all over and grow positive impact
i.e. progress on the impact roadmap.
In my 1st post on F&F of ImpactSPAcs & DeSPACs
in the SPACboom in the USA, I was generous
with my selection, #inclusive in the data set. I
just excluded AGTAFF: (Alcohol, Gaming,
Tobacco, Porn: Adult Entertainment Firearms)
and Fossil Fuel companies, sectors with low
contribution to the Global Goals (Eccles & et al) and/or companies with no mentions on having positive impact.
The Impact Economy is on its Way!
How encouraging that 90% of companies listing through SPAC mergers, as DeSPACs, use & progress
technologies with huge impact potential with their core activities.
Drs Alcanne J Houtzaager MA,Inclusive2
Impact Investing, Tools & Thought Pieces p. 3

4. SELECTING IMPACTFUL SECTORS & THEMES
My selection methodology starts with (sub) sectors and their GlobalGoal contribution and then I look at
the Impact Value Proposition of the Core Activities. The What, How & Why. Their Impact Effectivity, (cost)
Efficiency & GlobalGoal Contribution (sector/industry). Manufactured based on Material Impacts, Scaled
by a breakthrough business model**(tech!), produced & distributed with Impactful Partners serving
Clients with Quantity & Quality & Deep Impact Products, Services. (So) The discount for non profits by
PlanetLab is exactly what I mean with Deep Impact and a hybrid revenues business model. ** John Elkington
See my Impact Business Model Canvas on p.16
HEALTH
Dominant, a quarter of DeSPACs work in Life Science, 56 companies delivering new, better, cheaper
diagnostics & treatments mostly Biotechnology (36, 2 also serving agriculture), better acces to care
providers (6), medical devices (3), telemedicine (2), healthinsurtech (2), an AI based treatment for
neurological disorders….
$BTTX Better
Therapeutics
We believe software is on
the verge of disrupting
medicine and becoming
an accepted standard of
care for treating diseases
caused by behaviors.
https://www.bettertx.com/about
Drs Alcanne J Houtzaager MA,Inclusive2
Impact Investing, Tools & Thought Pieces p. 4

5. Impact Intended SPAC Suvretta Holdings, a serial SPAC launcher searching for LS companies serving an
#UnmetNeed merger with ProKidney. It presents it #Upside in the investor presentation (SEC EDGAR)
On the website: We are initially pursuing the development of REACT for use in moderate to severe CKD patients in the United
States and selected countries around the world with diabetes as the primary cause. We estimate that approximately 38-39
million adults, representing approximately 15% of the U.S. adult population, currently suffer from CKD, of which approximately
17-18 million patients have stage 3 or 4 CKD, and approximately 13.4 million patients have stage 3 or 4 CKD that is caused by
diabetes (approximately 8.3 million) or hypertension (approximately 5.1 million). With respect to those patients with CKD caused
primarily by diabetes, we estimate that approximately 4-5 million patients would be eligible to be treated with REACT, should it
be approved by the FDA for commercial use in the U.S. https://prokidney.com/aboutus/
Drs Alcanne J Houtzaager MA,Inclusive2
Impact Investing, Tools & Thought Pieces p. 5

6. In my dataset, the biotechnology companies are the poorest reporters on impact (metrics)
incomprehensible regarding their potential, sometimes understandable because of their stage:
fundamental research, technology in progress, pre clinical stages. In some investor presentations SWOTs
just scream impact and baffle me on the lack of further elaboration.
It is a Sector Thing …
Julia Forbess and Ron C. Llewellyn, @ Fenwick & West LLP which is ‘’Dedicated to helping technology and life
sciences companies thrive at every stage of growth’’ researched the Biotechsector & ESG (reporting) and found no
ESG references for 70% of their listed companies dataset. Eventhough of the 100 surveyed executives answered
that 42% of companies had conducted a materiality assessment of ESG Risks & Opportunities; 36% collects &
tracks ESG information and 33% has a Steering Group to oversee ESG. The problem in the sector according to F&Ls
research is the lack of disclosure, consensus on what to disclose.with what standards, metrics. Only Diversity in
the board and the staff was reported well, but as a result of new Nasdaq (stock exchange) regulation. ‘’Biotech
executives and investors agree that ESG should be or will be a focus in the future, but efforts to prepare for
anticipated disclosure requirements vary among companies’’From the abstract of Biotech at ESG crossroads on
the Harvard BS Law website. Source: https://corpgov.law.harvard.edu/2022/03/06/biotechs-esg-crossroads/obstacle .
REGULATION as a Catalyst
The EU Parliament just passed the Corporate Social Responsibility Directive, #CSRD obliging 50.000
companies ACTIVE in the EU to annually report on their Social and Environmental Impacts & Risks related to
their activities. Positive & Negative Impacts including from their supply chain. Add to this the European
Financial Reporting Advisory Group #EFRAG framework for financial institutions on their impact
management & reportingDrafts: https://www.efrag.org/News/EFRAG. #Fueling the Impact Economy.
Drs Alcanne J Houtzaager MA,Inclusive2
Impact Investing, Tools & Thought Pieces p. 6

7. Excellent Exception Prenetics Diagnostics $PRE ESG Report https://www.prenetics.com/esg 48p.
Here Global Goal Contribution
Drs Alcanne J Houtzaager MA,Inclusive2
Impact Investing, Tools & Thought Pieces p. 7

8. My favorite LifeScience/Pharma DeSPACs is $EQRX EQuity because it wants ‘’to re-engineer(ing) the
model for the health of all… develop(ing) a large catalog of medicines tackling the areas of highest
cost-burden to society and patients, starting in oncology and immunology - Leveraging known science
and efficient R&D to develop these innovative, new medicines that we intend to offer at substantially
lower prices. It has a ‘Global Buyers Club’ in its impact business model to assure #Access: Affordability &
Availability.
Drs Alcanne J Houtzaager MA,Inclusive2
Impact Investing, Tools & Thought Pieces p. 8

9. I bought Gingko Bioworks $DNA & Vicarious Surgical $RBOT because they are impact investor Bill Gates investees
and the B&M Gates Foundation is focused on Healthcare innovation. Vinod Khosla and Eric Schmidt, also impact
investors also invested in the company. Ginkgo: ‘We program cells to make everything from food to materials to
therapeutics.’ https://investors.ginkgobioworks.com/sustainability/default.aspx Sustainability (ESG) Report 2021 38p. Classic
Global Reporting Initiative GRO standardized data. Vicarious Surgical is: a next-generation medical robotics company,
designs technology for minimally invasive surgery with a focus on abdominal access. No ESG info (Israeli Corp)
ELECTRIFICATION
The United Nations have declared Electrification the priority in ClimateAction GG13. It relies on battery,
storage, charging, grid technology (18 DeSPAC companies, 1 delisted) to power eg the (11); electric
vehicles DeSPAC companies building cars, bikes, trucks & (school)buses. Lighter, smaller, flexible vertical
airmobility (5), Lidar/autonomous driving software (5) serve riders & road safety.
My favorite E DeSPAC is Archer Aviation $ARCH stating ''we responsibly source and manufacture our
aircraft, our aircraft emit zero emissions during operations, we use renewable energy at all Archer
operated vertiports, we responsibly dispose of, and look to recycle, the batteries used in our aircraft, and we
minimize the noise produced by our aircraft'' Safety is always first. …We are dedicated to ensuring we are a
force for positive change in the lives of our employees, future passengers, and the communities in which
we will operate. Our aim is to embed transparency and accountability at every level of our company. #ESG
I bought some stock, as did ARK, Vanguard & Invesco institutional investors, fund managers.
I also own Livewire shares $LWRE electric bikes, a spin off of global brand Harley Davidson, motorcycles
$HOG (7BUS$ market capitalization). It bought it before the DeSPAC (merger announcement) as the Impact
Intended SPAC launched by AEA Bridges Management, a team of seasoned impact investors (BM) such
as Brian Trelstad SocialEnterprise prof at Harvard and his colleague impact measurement professor
George Serafeim as auditor. It’s driven by the conviction that businesses that will thrive in the next decade
are those that are helping to build a more sustainable and inclusive economy.
See next page for the page from the LiveWire merger investor presentation page on ommitment & ambition.
Drs Alcanne J Houtzaager MA,Inclusive2
Impact Investing, Tools & Thought Pieces p. 9

10. Harley Davidson, of which LiveWire is a spin off and still a large shareholder, publishes Impact reports:
Inclusive Stakeholders Impact Report including Global Goal contribution, Scope 1 & 2 Operations and 3:
Up & Downstream GHG Emissions. Stakeholder Impacts: People, Planet, Profit.
…https://www.harley-davidson.com/us/en/about-us/sustainability.html
Drs Alcanne J Houtzaager MA,Inclusive2
Impact Investing, Tools & Thought Pieces p. 10

11. AGRICULTURE (6)
An African (Morocco & SubSahara Africa) wheat(s) processing company ForAfric $AFRI. Little on its
operations just yet.https://forafric.com/en/values-and-commitment
AGTECH: Plantbased food & Innovation I am always keen on Global Impact
BensonHill $BHIL an agricultural biotechnology company, BetterSeeds for the Plantbased Food
revolution. https://bensonhill.com/ video on mission:
https://bensonhill.com/impact/ 2021 ESG report. 39. ‘’A pureplay ESG Investment opportunity’’ (IP for GoldmanSachs)
https://www.sec.gov/Archives/edgar/data/1830210/000110465921063410/tm2115705d1_ex99-2.htm
Greenlight Bioscience $GRNA, RNA for Agriculture (and Health), a pending B Corp, Benefit Corporation,
’lancing purpose and profit in everything that we do’’ GRNAs vision, mission & performance on CSR:
https://www.greenlightbiosciences.com/corporate-social-responsibility/
‘’At GreenLight, we believe that the term ‘Corporate
Social Responsibility’ (CSR) is no longer sufficient
for us because it implies that such
responsibility—doing good in the world—is separate
from our core business model, when in fact it is our
business model’’
https://www.greenlightbiosciences.com/esg/
Drs Alcanne J Houtzaager MA,Inclusive2
Impact Investing, Tools & Thought Pieces p. 11

12. Indoor, Vertical Farming Agriculture, CVA companies $LOCL, $APPH, $KAL (microgreens, delisted). CVA
stands for Controlled Vertical Agriculture. It is land use efficient, located near urbanmarkets for fast fresh
delivery and barely uses pesticides & insecticides. The CVA companies are the best reporters on their
impact. The merger investment presentations & inaugural sustainability/ESGreports.
Drs Alcanne J Houtzaager MA,Inclusive2
Impact Investing, Tools & Thought Pieces p. 12

13. Ideally companies present Materiality Matrices
eg LocalBounti. https://localbounti.com/local-bounti-issues-inaugural-corporate-sustainability-report/ &
https://localbounti.com/wp-content/uploads/2021/12/localbounti-half-year-sustainability-report.pdf
Drs Alcanne J Houtzaager MA,Inclusive2
Impact Investing, Tools & Thought Pieces p. 13

14. I bought stock in BHIL, GRNA & LOCL after they DeSPACed based on the availability of impact & ESG
information (Investor Presentation, ESG reports,website etc.)
RENEWABLE ENERGY: contributing to GG7: Smart Energy DeSPAC companies, including
hydrogen $HTOO and ReNew Power $RNW in India count 4, including natural (methane) gas
from landfills.
Other Impact DeSPAC companies themes & sectors are: AI, Big Data, Cyber (Security), Cannabis, Coffee,
EdTech, Fin/Insurtech, Hospitality, Mobility, Music, Navigation, PropTech, Platform tech for Impact
Companies/ products, (Bio)Plastic/WasteRecycling, QuantumComputing, SpaceTech….
I will show examples of good impact information in upcoming posts.
Questions & Comments are Welcome
Please connect through https://www.linkedin.com/in/alcannehoutzaager
DISCLAIMER I’m not an investment professional, my focus is on impact and inclusive2
impact
investing. Retail public equity investing, crowdfunding for impact, innovative impact
investment instruments, impact investing trends and markets growth.
I’ve studied impact investing since 2011 and develop Tools & Thought Pieces
I switched to impact investing after running fundraising & awareness campaigns for large
Dutch NGO’s, mainly in Health and lastly for the Dutch Protestant Church & Kerk in Actie.
I read Politicial Contemporary History at UUtrecht & RUGroningen and wrote my (RUG) thesis
on Dutch Development Cooperation: (econ) Strategies & (pol) Trends. Post Grad. Aud.
International Law and the Organization of Development (ILOD) & Politics of Alternative
Development Strategies (MA, PADS) at (Erasmus) Institute for Social Studies in The Hague,
The Netherlands) I redie in Malta, EU.
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Impact Investing, Tools & Thought Pieces p. 14

15. APPENDIX I IBMC See the IBMC bootcamp thread on twitter https://twitter.com/alcanne
Drs Alcanne J Houtzaager MA,Inclusive2
Impact Investing, Tools & Thought Pieces p. 15

16. APPENDIX II ImpactSWOT
5 part series in Dutch explainer on Slideshare https://www.slideshare.net/alcanne/impact-types-swot-bcg-matrix-15
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Impact Investing, Tools & Thought Pieces p. 16