Climate Change Data

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