Brightlands Venture Partners (BVP)
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Climate Change
- Biodiversity
- Healthcare Access
- Sustainable Agrifood
- Renewable Chemistry
Environmental Achievements
- Approximately 50% lower carbon footprint compared to oil-based PET production (Ioniqa)
- Chemical plastic recycling emits between 1 and 2 tonnes CO2/ton waste less than incineration (Fuenix)
- 65-95% lower GHG emissions of Goldilocks® technology compared to fossil fuels (Vertoro)
- Potential for substantial reduction in carbon footprint of polymers recycled with ReSolved Technologies’ solvent-based technology when compared with fossil-based polymers (ReSolved Technologies)
- Qorium’s cultivated leather is estimated to save more than 50% CO2 when compared to traditional leather (Qorium)
- Potential to enable a reduction of 551Kt CO2-eq per year in plastic supply chains (Circularise)
- 30% lower nitrogen emissions in cattle (Grassa)
- Reutilization of cheese rinds leads to saving 7.142 tonnes CO2-equivalent per year (Greencovery)
- 84% reduction in CO2 emissions when compared with steaming method (Soilwise)
Social Achievements
- Large number of jobs created by portfolio companies
- Improved quality of life for patients through innovative medical devices (Corporis Medical, Hy2Care, TripleMed, VACIS, Matisse Pharmaceuticals, Fortimedix Surgical, EnzyTag, PL Bioscience, niostem, Aliform)
- High-level animal welfare in poultry farming (Kipster)
- Reduction in need for animal-derived fetal bovine serum (FBS) (PL Bioscience)
- Addressing labor shortages in asparagus harvesting (AVL Motion)
Governance Achievements
- BVP Fund IV operates as an Article 9 fund under SFDR
- Chemelot Ventures (CV) and Brightlands Agrifood Fund (BAF) operate as Article 8 funds under SFDR
- Kipster announced its certification as a B corporation
Climate Goals & Targets
Environmental Challenges
- Scarcity of specialized human capital
- Inherent environmental challenges associated with agrifood value chains
- Limited availability of underlying information for impact measurement
Mitigation Strategies
- BVP provides industry & ecosystem connections, co-investors, and experience in building facilities and strengthening teams
- Focus on positive impact within existing value chains (e.g., circular economy initiatives)
- Collaboration with Upright for impact measurement and reporting
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: SFDR, EU Taxonomy
Certifications: B Corp (Kipster)
Sustainable Products & Innovation
- Various sustainable products and services developed by portfolio companies