Climate Change Data

Mindful Capital Partners S.A.

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:25,341 tCO2e/year (aggregated portfolio)
Scope 1 Emissions:21,276 tCO2e/year (aggregated portfolio)
Scope 2 Emissions:4,065 tCO2e/year (aggregated portfolio)
Renewable Energy Share:26% (MCP-III portfolio in 2022)
Waste Generated:1.2 tons/M¤ (aggregated portfolio)
Carbon Intensity:13.1 tCO2e per million of revenues (MCP-III portfolio in 2022)

ESG Focus Areas

  • Climate Change
  • Resource Efficiency
  • Stakeholder Engagement
  • Labor Standards
  • Board Structure
  • Transparency

Environmental Achievements

  • 100% of Portfolio Companies committed to monitor Scope 1 and Scope 2 GHG emissions from 2022.
  • 100% of Portfolio Companies implemented initiatives to reduce Scope 1 and 2 GHG emissions in 2022.
  • Italcer Group achieved 99.8% recycling of production waste.
  • Italcer Group installed 6,800 photovoltaic panels, avoiding approximately 2,500 tons of CO2eq per year.
  • IFFH installed a 500 kW photovoltaic plant.
  • Coffee Holding achieved 100% renewable electricity supply.
  • Klapp used eco-friendly packaging and reduced secondary packaging material and waste.
  • Medtech Holding installed solar panels in Emotec and Sidam plants.
  • Croci installed a 188 kW photovoltaic plant.

Social Achievements

  • 43% of women in MCP workforce.
  • 3 CEOs of Portfolio Companies are women.
  • 45% of women in MCP-III workforce.
  • Waico established a comprehensive welfare system for employees (1,200 EUR per person, yearly).
  • MedTech Holding adhered to the voluntary Health Assistance Fund for workers.
  • Klapp increased percentage of women in top positions to 64%.
  • Ymenso launched a completely organic and vegan product line.
  • Croci introduced a green product line (Eco by Croci).

Governance Achievements

  • Appointment of a Fund-level ESG Officer in July 2022.
  • Adherence to the UN Global Compact in November 2022.
  • Recalibration of Mindful Capital Partners III as Article 8 under SFDR (completed in May 2023).
  • Italcer implemented Model 231 and adopted a Code of Ethics.
  • Coffee Holding implemented Model 231 and adopted a Code of Ethics.
  • Klapp adopted a Code of Ethics.
  • Medtech Holding implemented Model 231 and adopted a Code of Ethics.
  • Selematic implemented Model 231 and adopted a Code of Ethics.
  • Croci adopted a Code of Ethics.

Climate Goals & Targets

Medium-term Goals:
  • Stewardship initiatives to improve portfolio companies’ ESG performance (2024-2025).
Short-term Goals:
  • Complete MCP’s framework to embed ESG elements in the business (2023).

Environmental Challenges

  • Measuring and reducing carbon footprint across operations and investment portfolios.
  • Optimizing resource consumption.
  • Enhancing stakeholder engagement.
  • Strengthening due diligence processes to ensure labor standards.
  • Enhancing board diversity and independence.
Mitigation Strategies
  • Implementing energy-efficient measures, adopting renewable energy sources, and encouraging sustainable transportation alternatives.
  • Implementing waste reduction and recycling programs, promoting responsible water management practices, and exploring opportunities for circular economy initiatives.
  • Actively listening to stakeholder concerns and incorporating diverse perspectives into decision-making.
  • Incorporating social criteria into investment decisions.
  • Integrating a variety of perspectives and expertise into board composition.

Supply Chain Management

Responsible Procurement
  • Italcer sourcing of packaging and raw materials from Europe.
  • Klapp sourcing of packaging and raw materials from Europe.
  • Croci assessment and mapping of suppliers through a questionnaire on environmental and social issues.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SFDR, UN PRI

Certifications: ISO 9001, ISO 14001, ISO 50001, ISO 17889-1 (Italcer), MSC Chain of Custody (IFFH), IFS FOOD (Coffee Holding), ISO 45001 (Medtech Holding)

Sustainable Products & Innovation

  • Italcer's ADVANCE Antibacterial and Bio-Air Purifying technology.
  • IFFH's Cucina Pianta plant-based food brand.
  • Coffee Holding's 100% compostable capsules.
  • Klapp's Hyaluronic multi-level performance (Balance Line) product line.
  • Croci's Eco by Croci green product line.

Awards & Recognition

  • 2022 Sustainability Award by Credit Suisse and KON (Italcer)