Verdane
Climate Impact & Sustainability Data (2021)
Reporting Period: 2021
Environmental Metrics
ESG Focus Areas
- Climate Change
- Diversity & Inclusion
- Cybersecurity
- Sustainable Consumption
- Energy Transition
- Resilient Communities
Environmental Achievements
- Launched Impact Heroes prize, recognizing Bemz for its recycled fiber collection and Polytech for its CO2-reducing logistics system.
- 55% of portfolio companies use Planetly or another provider to measure and report on their carbon footprint.
Social Achievements
- Maintained an eNPS score above 65.
- Partnership with Level20, Women in Finance Charter Norway, and Out Investors to improve diversity.
- Hosted Good Talents interns.
Governance Achievements
- Updated Verdane’s Code of Conduct.
- Established cybersecurity as a priority, hiring a Cyber Security Director.
- Developed best practices and checklists for portfolio companies on cybersecurity.
Climate Goals & Targets
Long-term Goals:
- Net zero Scope 1 & 2 by 2022
- -65% Scope 3 intensity by 2030
Medium-term Goals:
- -60% GHG-scope 1–3 intensity reduction by 2030 vs 2021 baseline
Environmental Challenges
- Increased GHG emissions in 2021 due to organic growth and eased COVID-19 travel restrictions.
- Low diversity across portfolio company boards and management teams.
- Cybersecurity risks.
Mitigation Strategies
- Increased efforts to achieve GHG reduction targets by implementing reduction initiatives (limited travel, pressure on suppliers).
- Continued efforts to improve diversity through targeted network building.
- Established cybersecurity as a priority, hiring a Cyber Security Director and developing best practices and checklists.
Supply Chain Management
Climate-Related Risks & Opportunities
UN Sustainable Development Goals
- Goal 7
- Goal 13