ESG - part of our DNA
ESG is part of our DNA
Portfolio Sustainability Performance
Green Hydrogen Produced
- Figures are based on various assumptions and will depend on the end-use of products.
- The Tickers are made using historic activity numbers combined with a linear forecast of company activity for year 2021. Historical primary activity levels and derived impact for each company are validated by Klinkby Enge, except for AquaGreen and GHS, which are made using company estimates.
- The first ticker shows an estimate on accumulated CO2e savings contributed since 2016 for AquaGreen, DyeMansion, GHS, Mater, Re-Match and Spirii.
- The second ticker shows an estimate of accumulated waste recycling since 2016 for Mater and Re-Match. Recycled waste includes sand, rubber, turf fibres, plastics and mask.
- The third ticker shows an estimate of accumulated renewable energy produced (hydrogen) on GHS equipment since 2020.
See explanation on assumptions and calculations here
Portfolio SDG impact
At NAP we believe that 4 specific SDGs within environment and recycling are particularly relevant impact drivers for our daily investment work and operational value creation. These 4 SDGs are:
All NAP’s portfolio companies contribute widely to the Sustainable Development Goals including Paralenz who indeed has impact in terms of SDG 14 (see full list here).
All SDGs metrics have been validated by ESG-consultancy Klinkby Enge.
While we do consider sustainability risks in our investment decisions, we do not consider all of the specific adverse impact indicators set out in Table 1-3 of Annex 1 of the Commission’s delegated regulation supplementing Regulation (EU) 2019/2088 (the Sustainable Finance Disclosure Regulation) in our investment decisions as we have decided to focus on a few specific sustainability risk indicators fit for the Fund’s investment profile. We will, however, on a continuous basis, assess whether to consider all of these specific adverse impact indicators in our investment decisions.
Diversity & Inclusion (D&I) policy
NAP believes that venture capital and entrepreneurship should be open for all people despite of background, gender and ethnicity. Therefore, we commit to a culture of equality, diversity and inclusion both internally and externally.
We consider our D&I policy especially important, as the hardtech industry traditionally has been male-dominated. For this reason, NAP dedicates one full resource to handle its SWAT network and comply with its D&I policy. NAP identifies three overall areas of D&I impact:
1. Investment process:
- We consider D&I metrics during the screening, evaluation and Due Diligence processes.
- Our CSR policy is always an integrated part of the investment agreement and framework, which helps to promote diversity and inclusion (gender & ethnicity).
2. Daily work with portfolio companies:
- We encourage our portfolio companies to work with D&I objectives.
- We offer our portfolio companies access to a diverse set of talents from our SWAT team network.
- We target a minimum of 40% of all deals to have diverse senior management teams.
- We strive to reach 33% of female management in each portfolio company before 2025.
- We strive to reach minimum one female board member in each portfolio company before 2025.
3. Internal recruitment:
- Generally, we post job openings publicly, thereby allowing all candidates to apply.
- We inform our interviewers of techniques to help mitigate implicit bias and ensure that they are aware of our goals regarding diversity and inclusion.
- Our hiring decisions are taken in a committee to recognize multiple perspectives.
- We strive to reach 33% female employees internally before 2025.