Maj Invest Minorities I (MIM I)
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Good health and well-being
- Economic growth
- Climate action
Environmental Achievements
- Morrow Batteries will use 100% clean energy in its battery cell production while striving for significant reductions in CO2 emissions throughout its supply chain and indirect activities (scope 3).
- Luminescent Power's Heat Engine generates emission-free electricity from waste heat.
Social Achievements
- Medical Knowledge Group has one of the lowest yearly voluntary turnover rates in the industry, with 60% of employees having been with the company for over two years, and 30% for more than five.
- KabaFusion increased its workforce by 25% compared to the previous year.
- The Ritedose Corporation promotes job creation and workforce diversity with a management team of 40% women.
- Morrow Batteries has a workforce consisting of individuals from 22 different countries.
Governance Achievements
- Synklino places a strong emphasis on legal compliance and proper ethical conduct in all aspects of its decision-making and operations.
- Grove Ventures has implemented policies to demonstrate its commitment to responsible investment. This includes adhering to the Principles for Responsible Investment (PRI) and having a climate and environmental policy.
Climate Goals & Targets
Environmental Challenges
- AI-driven companies like ActiveFence rely on computing power, and disruptions to energy supply can impact operations. Other risks include recruiting skilled employees, data security, and freedom of expression.
- As a biotechnology company, Hemab faces ESG-related risks such as ensuring the safety of clinical trial participants, maintaining affordable pricing, and ensuring drug safety.
- Healthcare providers like KabaFusion rely on patient trust. Challenges with managing patient health information and care quality can lead to reputational risks and penalties. Other risks include preventing medical fraud and improving accessibility for low-income patients.
- Access to input materials is critical in developing and scaling clean energy technology like that of Luminescent Power, exposing the company to supply chain disruptions. Other risks include energy management, workforce health and safety, and waste management.
- Developers of medical devices like Magnus Medical face price pressures due to regulations, negatively impacting cost containment efforts. Other risks relate to product safety, ethical marketing practices, and design considerations.
- As a specialized healthcare consultancy and service provider, Medical Knowledge Group relies on human capital, making workforce diversity and engagement key concerns for attracting and developing top talent. Other risks include data security and professional integrity.
- Operating within the industrial battery industry, Morrow faces risks from limited global resource supply, potentially leading to supply chain issues and price fluctuations for critical materials like lithium. Other concerns include energy management, workforce safety, waste management and product efficiency.
- As a biotechnology company, Protai must ensure access by implementing a nuanced pricing structure to enhance affordability. Other risks include ensuring safety for clinical trial participants and upholding drug safety and business ethics.
- Manufacturers of pharmaceuticals like Ritedose face product safety risks, as potential liability claims may arise from defects or risks. Other risks include ensuring access to medicine, affordability, effective supply chain management, and upholding business ethics.
- As an international supplier of pharmaceutical and laboratory equipment, Sartorius faces product safety risks such as equipment failures and defects, along with concerns regarding ethical marketing and business ethics.
- As a preclinical-stage biotechnology company, Synklino faces risks related to the safety of clinical trial participants for upcoming trials. Other risks include drug safety, access to medicine, and affordability, as well as employee recruitment, development, and retention.
- Developers of medical devices like Tingo Medical face ESG-related risks such as ensuring the safety of clinical trial participants. Other risks include product design, pricing pressures, ethical marketing practices, and business ethics.
Supply Chain Management
Climate-Related Risks & Opportunities
UN Sustainable Development Goals
- SDG 3
- SDG 8
- SDG 13