Climate Change Data

Proterra Investment Partners Asia

Climate Impact & Sustainability Data (2024)

Reporting Period: 2024

Environmental Metrics

ESG Focus Areas

  • Environmental Sustainability
  • Social Impact
  • Governance
  • Food Security
  • Climate Change

Environmental Achievements

  • Portfolio companies saved >330 million kg CO2e emissions p.a., equal to carbon capture of 386,000 acres of forest p.a. or taking 68,500 US passenger cars off the roads each year.
  • ecoSPIRITS eliminated >90% packaging waste and reduced CO2e by >80%
  • Simply Fresh reduced water consumption by >90% compared to traditional farming.
  • Apeiron Bioenergy collected >770,000 MT of UCO since inception.

Social Achievements

  • Created 9,400 new jobs at portfolio companies, primarily in rural areas of Asia.
  • Sustained positive impact on >100,000 smallholder farmers’ livelihoods.
  • Simply Fresh upskilled 270 people through training.
  • Apeiron Bioenergy engaged >20 community partners and reached >8,000 individuals promoting UCO recycling.
  • Zhong Hong reached >10,000 individuals through nutritional knowledge live sessions and has a 53% female employee ratio.

Governance Achievements

  • 13 portfolio companies have an industry or customer-based ESG certification.
  • 12 companies convene board meetings at least quarterly.
  • 14 companies include ESG as a standing agenda item.
  • All companies are FCPA or Anti-Bribery Act compliant.

Climate Goals & Targets

Environmental Challenges

  • Sustainability is not always at the forefront of every stakeholder’s mind.
  • Addressing challenges in the Asian food sector often requires more than financial investment; it demands a partner who understands local market dynamics and can execute effectively.
  • Data transparency and corporate governance issues.
  • Commercial scalability issues.
Mitigation Strategies
  • Patient engagement, persistent dialogue, and collaborative effort to align partners, portfolio companies, and investors towards a common sustainable goal.
  • Strengthened ESG due diligence process aligning with IFC Performance Standards.
  • Engagement with BlueMark for impact verification.
  • Formation of Proterra’s Sustainability Committee to facilitate knowledge sharing and foster collective learning across regions.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IFC Performance Standards, UN Principles for Responsible Investment, UN Sustainable Development Goals (SDGs)

Third-party Assurance: BlueMark

UN Sustainable Development Goals

  • Goal 2: Zero Hunger
  • Goal 6: Clean Water and Sanitation
  • Goal 7: Affordable and Clean Energy
  • Goal 8: Decent Work and Economic Growth
  • Goal 12: Responsible Consumption and Production
  • Goal 13: Climate Action

Sustainable Products & Innovation

  • Plant-based eggs
  • Oat milk