Climate Change Data

Elaia Partners

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:928.38 tCO2e
Scope 1 Emissions:23.6 tCO2e
Scope 2 Emissions:33.41 tCO2e
Scope 3 Emissions:872.37 tCO2e
Total Energy Consumption:0.28 MWh/M EUR
Water Consumption:0%
Waste Generated:0%
Carbon Intensity:3.9 tCO2e/M EUR

ESG Focus Areas

  • Climate Change
  • Diversity & Inclusion
  • Governance
  • Biodiversity
  • Human Rights

Environmental Achievements

  • Reduced electricity consumption and air travel in 2023.
  • Implemented a 90+% vegetarian events policy.
  • Policy of recycling and second-hand purchasing for IT equipment.
  • 57% of business trips taken by train in 2023.

Social Achievements

  • Certified by Diversity VC.
  • Workshops on how to diversify teams with recruitment experts.
  • Created an endowment fund in 2021 supporting 4 non-profit projects.
  • Annual “sustainability” dinner for peer-to-peer exchanges.

Governance Achievements

  • Established an ESG Committee in 2020.
  • Implemented a mandatory third-party ESG due diligence policy for new investments since 2021.
  • Updated Global ESG policy in 2023.
  • Two funds categorized under Article 8 of the SFDR Regulation as of December 31, 2023.

Climate Goals & Targets

Long-term Goals:
  • Publicly disclose alignment levels for all funds.
  • Align all funds with the Paris Agreement.
  • 100% of invested companies have a decarbonization trajectory/2°C alignment.
Medium-term Goals:
  • Continue reducing Scope 1 & 2 emissions (by 2030).
  • Encourage mature portfolio companies to perform carbon footprint analysis and implement decarbonization roadmaps (by 2030).
Short-term Goals:
  • Train team on Paris Agreement and raise investor awareness (by 2025).
  • Refine strategy and participate in VC/PE working groups (by 2025).
  • Adhere to Climate Initiatives (iCI) (by 2025).

Environmental Challenges

  • Low maturity of portfolio companies making comprehensive GHG emission analysis difficult.
  • Limited data availability on certain ESG indicators from portfolio companies.
  • Need to increase ESG awareness and action among portfolio companies.
Mitigation Strategies
  • Conducting ESG due diligence and setting ESG objectives with portfolio companies.
  • Providing training and workshops on ESG topics to portfolio companies and internal teams.
  • Utilizing I-Level IT tool for data collection and monitoring.
  • Developing a pre-exit ESG reporting template.

Supply Chain Management

Responsible Procurement
  • Policy of recycling and second-hand purchasing for IT equipment.

Climate-Related Risks & Opportunities

Physical Risks
  • Impact on company premises, supply chain, and financial costs.
Transition Risks
  • Competitivity loss, increased costs, client loss.

Reporting Standards

Frameworks Used: SFDR, UN PRI, France Invest’s ESG indicators framework

Certifications: Diversity VC

UN Sustainable Development Goals

  • SDG 9
  • SDG 5
  • SDG 8

Based on due diligence reports of 20 companies, 60% responded to SDG 9, and 64% to SDG 5 and 8.