ProA Capital
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:351,610 tCO2e/year (portfolio)
ESG Focus Areas
- Climate Change
- Wealth Generation
- Inclusive and Positive Work Environment
- Innovation, Talent, and Community Engagement
- Governance Practices
- Sustainable Business
Environmental Achievements
- Reduced portfolio carbon footprint by -0.7% between 2022 and 2023 (excluding companies that started measuring in 2023).
- Delafruit achieved a 43% reduction in its carbon footprint through sustainable packaging initiatives.
- 82% of portfolio companies measure their carbon footprint.
- 46% of portfolio companies produce renewable energy.
Social Achievements
- Launched Pro Bono Capital Privado initiative, supporting Fundación Prodis.
- Continued partnerships with Fundación Prodis and Aura to promote employment for individuals with disabilities.
- Maintained a people-centric culture during acquisitions (Somos Hijolusa).
- Average of 57% waste valorization across portfolio companies.
- Less than 15% turnover rate across portfolio companies.
Governance Achievements
- Established ESG strategies and action plans for all portfolio companies.
- Appointed ESG responsible for each portfolio company.
- Implemented ESG incident reporting system.
- 100% of portfolio companies meet ProA’s ESG must-haves.
- 100% of portfolio companies report ESG at Board level.
Climate Goals & Targets
Long-term Goals:
- Carbon neutrality for portfolio companies (aligned with industry trends and regulatory requirements).
Medium-term Goals:
- All portfolio companies to define decarbonization strategies.
Short-term Goals:
- Delafruit to reach 70% recyclable packaging by 2024.
Environmental Challenges
- Supply chain disruptions (implied in Delafruit's packaging challenges).
- Integrating ESG into private label manufacturing (Relevi).
- Transferring culture and know-how during acquisitions (Somos Hijolusa).
- Measuring and reducing Scope 3 emissions (Avioparts).
Mitigation Strategies
- Supporting portfolio companies in formalizing ESG governance and measuring ESG data (Avioparts).
- Providing guidance and resources to implement ESG structures and strategies (Relevi).
- Establishing a 'Cultural Integration Taskforce' to support employees during acquisitions (Somos Hijolusa).
- Investing in R&D for sustainable packaging solutions (Delafruit).
Supply Chain Management
Responsible Procurement
- Sustainable certifications for raw materials (Relevi).
Climate-Related Risks & Opportunities
Physical Risks
- Water stress
- Increased temperatures affecting productivity
Transition Risks
- Shift in consumer demand
- Ability to innovate and offer sustainable products and services
Opportunities
- Revenue growth from sustainable products and processes
- Long-term operating cost reductions
Reporting Standards
Frameworks Used: TCFD, SASB, UN PRI, SFDR, EU Taxonomy Regulation
Certifications: ISO 9001 (encouraged), BCorp (Delafruit), RSPO (Relevi), Ecocert (Relevi), CHEP (Relevi)
UN Sustainable Development Goals
- Multiple SDGs impacted through portfolio companies' core business activities
Sustainable Products & Innovation
- Delafruit's monomaterial pouches