Naxicap Partners
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Renewable Energy Share:12%
Carbon Intensity:1,392 tCO2e/€m invested (excluding ECS)
ESG Focus Areas
- Climate Change
- Biodiversity
- Diversity & Inclusion
- Governance
- Responsible Procurement
- Supply Chain
Environmental Achievements
- Launched carbon footprint assessment for portfolio companies, covering Scope 1, 2, and 3 emissions.
- Engaged with portfolio companies to improve carbon emission reporting and reduction.
- Implemented a 30% carbon footprint reduction target by 2030 for Siblu (Scope 1 & 2), with emissions offsetting.
- Teufel conducting an eco-design concept study including a Life Cycle Assessment (LCA).
- ECF Group initiated projects to reduce climate impact (energy management, waste management, sustainable raw materials).
Social Achievements
- Maintained a strong and stable social score since 2020.
- Improved gender equality index score.
- Created Naxicap “TEAM IMPACT” – a group of twelve employees to reinvent ESG approach.
- Organized ESG webinars and challenges for employees.
- Supported portfolio companies in defining their mission and purpose (Eqwal Foundation).
Governance Achievements
- Improved overall ESG score from 2020 to 2022.
- Established an ESG Committee to monitor ESG processes and performance.
- Increased percentage of companies with formalized CSR policies, CSR managers, codes of conduct, and whistleblowing schemes.
Climate Goals & Targets
Long-term Goals:
- Continuously enhance physical and transition-related risks analysis (mapping, TCFD reporting).
Medium-term Goals:
- Define reduction objectives to align most emissive Portfolio companies on a well-below 2°C or 1.5°C scenario.
Short-term Goals:
- Conduct biodiversity risks analyses for each company.
Environmental Challenges
- Improving carbon emission reporting among portfolio companies.
- Addressing biodiversity-related challenges within the portfolio.
- Ensuring sufficient ESG data collection from smaller companies with limited resources.
Mitigation Strategies
- Developed a simplified ESG questionnaire (Light ESG questionnaire) for smaller companies.
- Used the ENCORE tool to identify biodiversity impacts and dependencies.
- Partnered with Axa Climate School to deliver climate and biodiversity training.
- Subscribed to Altitude tool (AXA Climate) to conduct physical risks analyses.
Supply Chain Management
Responsible Procurement
- ESG clause in purchasing contracts (Stelliant).
Climate-Related Risks & Opportunities
Physical Risks
- Extreme heat
- Floods
- Changing air temperature
- Landslides
Transition Risks
- Changes in energy prices
- Legal policies
- Client preferences
Opportunities
- Development of energy-efficient products and services
Reporting Standards
Frameworks Used: PRI
UN Sustainable Development Goals
- SDG 3
- SDG 11
- SDG 12
- SDG 13
Portfolio companies contribute through products and services, focusing on core activities.
Awards & Recognition
- Winner of the Grand Private Equity magazine in the category “ESG - Sustainable Development”