WHY WE DO THIS
Our purpose is to improve the Earth’s ecosystems through investing in and accelerating companies that solve global environmental challenges.
This means it is our job to help our portfolio companies maximize the positive impact they are having.
We want to show that this is not just a philosophy, but that our companies have already started performing. So, to track how we are doing in achieving our purpose, we have started calculating our yearly environmental impact.
WHAT WE HAVE DONE
Initially, we calculated the carbon impact for six of our firms and for Cleantech Invest.
For two of our companies (Swap.com and Sofi Filtration) we are calculating also the impact on water use.
We base our calculations on the real effect of the past year, meaning that we look at the impact of actually sold goods and services. No projections, only actual savings. We also take into account the negative impact of the operations of each firm as well as our own, to calculate the net effect.
HOW DID WE DO IT
The carbon emissions avoided from products or services in use during the year was calculated for 2016. This is the ‘emission effect’ of purchasing a certain company’s particular product or service. This ‘emission effect’ is compared to a baseline in that particular industry, which is typically the current status quo. We are in other words calculating last year’s emissions based on the emissions generated with our company’s solution in use vs. the emissions that would have been generated if they had not been in use.
Finally, the carbon emitted due to operations of our portfolio companies is added (this includes items such as office heating, electricity, travel, energy use in production of hardware or in factory processes). We then added Cleantech Invest own negative impact as well (largely from emissions due to travel).
WHY DOES THIS MATTER
It can be tricky to understand the environmental impact of an industry and how our companies play a role in it so we have tried to explain it for you in more detail!