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