Fredrika Svanholm

🇳🇱 Netherlands' PGB €32 billion pension fund recently published its new sustainable investing strategy, based on 70% of its fund participants considering sustainable investing important. "The fund has drawn up three key investment themes around climate, biodiversity and sustainable nutrition, targeting reducing the CO2 footprint of the investment portfolio by half by the end of 2030." #SFDR #pensionfund #sustainableinvesting #climate #biodiversity

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"When should investors give up on 1.5C? Could climate activists do more harm than good by clinging to an unachievable target" asks Jakob Thomä in Responsible Investor. In an opinion piece challenging much of conventional climate wisdom Jakob lays out a case for acknowledging that '1.5C no overshoot' is equivalent to the emporer with no clothes. "And so, while not a single investor I talk to still believes 1.5C no overshoot is actually on the table, nobody wants to be 'that guy' pointing it out in public." "But now is the winter (and spring and summer) of our discontent. One investor I spoke with told me they feel like the community is engaging in a collective act of “suspending disbelief”, as panels and conferences & sustainability reports & target-setting frameworks parade a “zombie” 1.5C no overshoot goal." There's plenty more on what investors & stakeholders need to do to separate out alignment, actions & implementation around emissions reduction goals separate from a 'no overshoot' temperature target. Read the full piece here: Jakob Thomä on... When should investors give up on 1.5C? 30/05/2024 https://lnkd.in/gE8eSRuf Or hear more at Responsible Investor RI Europe in London Conference Join on Thursday 13 June, where Jakob will be moderating a plenary on the drive for 1.5C. https://lnkd.in/eMi_m6YF . Coming up: Want to see where climate progress fits against the big picture? IPR tracks a weights global policy developments each quarter & measures them against our flagship 1.8C Forecast Policy Scenario. Results are reported at our Quarterly Briefinfs. Inevitable Policy Response & Principles for Responsible Investment Quarterly Briefing Webinar: Global climate policy developments - Quarter 2 Wednesday July 10th, 14:00 BST / 15:00 CST Register here: https://lnkd.in/gSKKvU_V #iprforecasts #netzero #transition #investment #quarterlybriefings #webinar #climate #policy https://lnkd.in/gE8eSRuf

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At FORWARD.one, we use a hypothesis-driven approach to find the best venture capital opportunities. Hardware is key to the energy transition, and we see big market potential in five main areas. In the first chapter of our Climate Tech series, we focus on end-of-life batteries. Want to learn more about this opportunity? Feel free to DM me or email ir@forward.one. #VentureCapital #ClimateTech

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In line with Triodos Bank's science based target to reach net zero by 2035, we initiated a climate change engagement project with the goal to encourage companies in our Impact Equities and Bond portfolios to set science-based GHG emission targets, in line with the 1.5°C trajectory. "Our approach is two-fold. One, we focus on companies that are still in the early stages of establishing a climate change strategy. These companies can greatly improve their approach by setting targets that are science-based. Two, we focus on the highest emitters in our portfolio, as reducing emissions for this group can substantially and efficiently decrease the emission intensity of our portfolio," explain investment analysts André d'Ursel, Luc van Haaren, and Lilia Feghiu. Read the full report on the outcomes of this project on our website, including concrete examples of what has been achieved with companies like Wolfspeed and DS Smith. #ImpactInvesting #EmissionsReduction #CleanEnergy #ScienceBasedTargets #GHGEmissions

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I'm proud that Kieger is stepping up its corporate climate action and showing leadership by purchasing credits and supporting beyond value chain mitigation (BVCM) projects. Carbon credits are a critical tool in combating the climate crisis. Obviously, they are not a replacement for reducing within value chain emissions. We must do what is scientifically necessary to reach global net zero, not what is easy. Anything less is selling our planet short. That said, BVCM, if done right, can help unlock opportunities, mitigate future risks, and protect and enhance long-term value, moving beyond the traditional carbon tunnel vision.

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Nature restoration - a billion $ opportunity? At least in Denmark 🇩🇰 ... The new proposed Danish carbon tax on agriculture is no doubt a novel and inspiring move: 🌱 From 2030 onwards, Danish livestock farmers will be taxed effectively 120 DKK / 17 € per tonne of CO2 equivalent, and then 300 DKK / 43 € in 2035 🌱 The law includes significant tax breaks for farmers that reduce emissions. BUT Not to be missed - the proposed legislation is also trailblazing for #naturerestoration and #rewilding! 💡 The proposal includes the launch of a new DKK 40 billion (USD$5.7 billion) "Green Area Fund" targeting initiatives such as afforestation, extraction of low-lying land, strategic land acquisition and subsidies for rewilding. In addition it includes plans to develop 250,000 hectares of forest (of which 100,000 hectares must be ‘untouched’, ie. with no forestry operations) - an almost mind-blowing areal for a small country like Denmark. Nature restoration and biodiversity have immense economical value - and we're now on the financial and regulatory journey to acknowledge that.

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💲Another huge win for Amsterdam-based VC, Carbon Equity who have recently raised another €60M after raising €100M in March of this year for their Climate Tech Portfolio Fund III. 🏢 Carbon Equity secured funding from 160 high-net-worth investors, including Edmond Hilhorst of Independer, Coen van Oostrom from Edge Technologies, and Saskia Bruysten from Yunus Social Business. 🌍The Climate Tech Portfolio Fund III will invest in 7 to 10 of the world’s most innovative climate technology venture capital and private equity funds which will then filter through European and American PE and VC fund to more than 150 tech companies focused on climate technology. 🔗Read more about how Carbon Equity is changing the game when it comes to investing in companies focused on green tech: https://lnkd.in/dMVhesEh #ClimateConsciousInvesting #GreenInvestingAmsterdam #GreenVentureCapital #VentureCapitalConscious

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🏭 First-of-a-kind plants seem like a big leap to most of us. While building such a plant is certainly challenging, it also represents a big opportunity. 💬 Next week at Latitude59 in Tallinn, Estonia, we will explore the challenges and opportunities around first-of-a-kind plants for climate tech solutions, from concept to financing. I'm excited to discuss this on stage alongside Erki Ani, Roni Hiranand, and Yvon Slingenberg. 🚀 If you happen to be in Tallinn next week, our portfolio company UP Catalyst is launching their GEN2 reactor at Latitude59. The new system will be producing carbon nanomaterials directly from CO2 at tonne-scale. 🔗 Find out more details on the reactor launch here 👉 https://lnkd.in/eSKh3uTW Extantia | Yair Reem | Fernanda Bartels | SFV | GV (Google Ventures) | European Commission | Gary Urb, PhD | Karl-Gustav Tamberg | Teele Niidas | Einar Karu | Sebastian Pohlmann | Ivar Kruusenberg | Kätlin Kaare | Mirjam-Kim Rääbis #climatetech #investing #venturecapital #firstofakind #FOAK #technology #engineering #science #sciencepreneurship #carbondioxide #CDR #DAC #CCU

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Corporate doyenne McKinsey & Company 100% nails it on false choice of 'either/or' - 💲 Vs. 🌍 "Revenue growth is good. Profitable growth is better. Profitable growth that advances ESG priorities is best". ◼ Financially successful companies that integrate ESG priorities into their growth strategies outperform their peers—provided they also outperform on the fundamentals. ◼ Revenue + economic profit + ESG progress = outsize returns ◼ The timeless principles of shareholder value creation hold: ESG efforts ultimately have to show up in financial performance to create outsize returns. ◼ The importance of actively choosing to grow by adopting the right mindset, strategy, and capabilities also continues to be essential: If you can grow profitably as a sustainability leader, the market will reward you for this growth. 1️⃣ Integrate growth, profitability, and ESG into the core strategy 2️⃣ Innovate ESG offerings to drive value creation 3️⃣ Use M&A to capture profitable ESG growth pockets at an accelerated pace. 4️⃣ Report and communicate transparently 5️⃣ Embed strategic priorities in the organizational DNA. https://lnkd.in/gcrYe7pF Jacki Johnson Estelle Parker Dean Hegarty Brooke Avory Michael Töns Andrew Masci Linda Henry Annie Venables Carly Osborn Ian Witheridge Michelle ArundelKelly Gannon Anthony Hughes James Walker Damien Walsh Paul Lewis John Williams Jake Bromwich Lexi Airey Stephanie Elliott Melina Morrison Kristy Graham Victoria Whitaker Paul Gilding Phil Vernon Andrew Davies Suzanne Evans Alison Taylor Kate Turner Pablo Berrutti Siobhan Toohill Nathan Kessey Emma Herd Simon Sheikh Maria Loyez Richard Griffiths Murray Hogarth James William Tayler Gordon Noble

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For all the talk of reducing CO2, climate discussions focus too much on how much CO2 is produced, rather than looking at the emissions embedded in what we consume. Climate negotiations put pressure on governments to lower nationally-produced CO2 emissions. However, there is a strong argument to account for the CO2 embedded in all the goods and services we consume at home, not the CO2 that is produced within our territorial borders. The current framework encourages countries to outsource emissions – send your dirtiest industries abroad to lower your emissions, then import the goods. The first chart below shows imported emissions per person. The results are surprising – the worst offenders are Switzerland, Belgium and the Scandi economies – often considered the cleanest. Emerging markets – often under pressure to lower emissions more quickly – consume much less CO2 than they produce. It’s also notable that climate laggards Australia and Canada stand out as being developed market CO2 exporters. The second chart shows that European imported emissions have been on a rising trend – from 0.58kg per person in 2017 to 0.78kg today. The first step needs to be a shift to focusing on what we consume, not what we produce. The regulated Carbon market and the EU’s Carbon Border Adjustment Mechanism do just this, and should be a role model for how to price the externalities of climate change. Our Climate Macro Strategy Service: https://lnkd.in/eGyU69DQ

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Growth through impact - great interview by Bedrock Group with Giant Ventures about the state of impact investing and how investors balance profit and purpose. Some key points from the article: 1. The impact investing movement continues to grow – marked by a shift from scepticism to recognition of its potential for both profitability and purpose. 2. Top-tier returns can coexist with meaningful impact – through ensuring pragmatism and mission alignment in founders. 3. Frameworks provide necessary standardisation and objectivity – needed for impact assessment and evaluation of companies contributions to societal and environmental goals. 4. Investors tend to favour developed markets over emerging ones – opportunities currently exist for clearer liquidity routes in developed markets, however as more impact-first business models prove successful in developed markets, they may be replicated in emerging ones, mitigating business model risk. Link to the full article in the comments. Happy monday ✨ CC: Cameron McLain

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💡 Debt financing emerges as a powerful tool for climatetech startups Climatetech companies are increasingly turning to debt financing alongside venture capital (VC) to fund their projects. This trend goes beyond large corporations like Enpal and Northvolt, and presents a valuable opportunity for startups as well. Here's why debt financing matters for climatetech startups: ➡ Beyond software: Many climatetech solutions involve physical components or hardware. Factoring in debt early helps secure the necessary capital for these aspects. ➡ Specialized skillset needed: Understanding debt structures, covenants, and project presentations requires a different skillset than attracting VCs. Startups considering debt financing may need to adjust their team accordingly. ➡ Hybrid models are key: Combining VC funding with debt or asset-backed securities allows for faster scaling, especially crucial in the rapidly evolving decarbonization space. ➡ Creative business structures: Companies have demonstrated the potential for separate entities within a startup, attracting investors for specific project aspects. ❓ Is there an optimal time for startups to consider their future financing needs? ❓ Will hybrid VC-debt models become commonplace in climatetech? ❓ Which areas of climatetech are best suited for these structures? At Fost, we are happy to discuss with climatech companies on their debt funding challenges ! https://lnkd.in/eRqTxW6m

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The challenge of growth is a challenge of energy. According to Copenhagen Economics, Population and GDP per capita are likely to grow by 20% and 90%, respectively by 2040.  Demand for energy services would grow by 50% or more, driven by urbanisation, industrialization, infrastructure build-out, and a growing global middle class. Energy intensity will continue to improve by up to 75% by 2040, driven by ongoing structural shifts to less energy intensive economic activity and improving technology. In spite of that, energy demand will still increase by 30-60% if developments follow the trends seen in the past. The current energy system is highly carbon intensive : coal, oil, and natural gas provide 85% of all energy.   To meet these challenges, the « all or nothing » scenarios are for no use. Fossil fuels won’t be replaced overnight. The economy will then have to combine for a long time an optimized utilization of fossil fuels with a fast growing H2 adoption.  #energytransition #growth #H2

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Climate-tech investors, are you still investing in Energy or Mobility? 💸🔥 22%+ of the GHG is due to food, yet only 8% of funding gets allocated to agri/food solutions. Great news for VCs: 💰 agri/food is still unsaturated with investments 💰 this is the next climate tech frontier with the biggest returns opportunity! 💰 there are scalable software-based solutions out there (if deeptech is not your thing) According to The World Bank, countries need to invest 18 times more into cutting food systems emissions—$260 billion annually by 2030 to halve emissions and get on track to net zero by 2050. Regulations are coming. Climate-tech VCs, if food solutions are not yet part of your portfolio, I urge you to challenge your "WHY". Reach out to learn more, I would be happy to talk to you all things foodtech, and how we plan to reduce 1% GHG with Your Beet. Read the latest report by The World Bank report and PWC report, links in comments. Feel free to challenge me in the comments. #Foodforthought #Climatetech #VC The World Bank

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Invest Europe’s Human Rights Resources for Investors is out. It is a set of available resources selected for investors aimed at supporting the practical consideration of human rights in the investment process. As Martin Bresson wrote announcing this initiative: “Addressing human rights issues, in portfolio companies and in value chains, has become both more acutely needed and increasingly complex. It is often perceived as a regulatory and reputational risk. But integrating human rights into the investment decision-making process can also have a direct positive impact on people’s lives. It can enhance risk management and promote sustainable growth for investee companies. Getting it right can lead to win-win scenarios”.    This practical tool has been developed by Invest Europe’s own Human Rights Working Group, under our ESG Committee. It's great to be a part of this initiative. The Human rights resources for investors is available for the Invest Europe members. Highly recommended!

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Contrarian Ventures - alongside our friends at EQT Ventures - are today unveiling The Climate Brick, the missing manual for the climate journey.     90% of CO2 emissions are estimated to be abatable by technology over the next 25 years. However, most innovations that shape modern life were built on common frameworks.    Climate doesn’t have one, yet. Today marks a call to change that, with the creation of a new initiative, involving a wide range of stakeholders.    Decarbonisation is the greatest economic transition in a century – the 50 signatories of our open letter have pledged to create The Climate Brick.   The Climate Brick's co-builders include several of Europe’s largest climate technology companies and financial institutions, as well as leading academic experts and policymakers.    The manual comprises seven playbooks, or bricks as we call them: from gigascaling to product disruption. We’re only getting started, and The Climate Brick is an open community being co-built by members together. Are you also on a mission to tackle the climate crisis with technology? Join us – become a co-builder.   Read our open letter via the link in the comments below, and sign up today! https://climatebrick.com/

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Still with lots of excitement, sharing with my network the launch of The Climate Brick, the missing manual for scaling climate tech. The innovations that shape modern life were built on common frameworks. Climate tech hasn’t had one, until now. 🌎 Initiated by EQT Ventures and Contrarian Ventures, with 50 representatives from HSBC Innovation Banking UK, 2150, Norrsken, Einride, Northvolt, Marvel Fusion and Genomines, among others, The Climate Brick is an open community initiative to fast-track climate technologies. 🧱 By analyzing more than 3,000 companies and approximately 100 of Europe’s most prominent climate pioneers and experts, The Climate Brick has published a comprehensive study with unique and actionable advice on how to scale climate businesses. It recognizes seven different profiles of climate tech businesses: Gigascaling; Green Deployment; Asset-as-a-Service; Product Disruption; New Tech; Moonshot; Companion Software. For each business profile (called Bricks) there is a unique risk profile, suggested capital stack, and roadmap for scaling the business. Massive kudos to my colleagues Sandra Malmberg and Ted Persson at EQT Ventures for bringing this to fruition.

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The importance of reporting greenhouse gas emissions has never been higher. The latest blog by Simone van den Akker, from our ESG sub brand Holtara, explores the influence of regulations aligning with the goals of the Paris Agreement and the rising stakeholder demand for carbon reporting by firms. #ESG #ESGRegulations #CarbonReporting #GreenhouseGasEmissions

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Back from two days in The Hague with Impact Europe on the themes of #BusinessofImpact and #CapitalIdeas. A good time to meet, share and learn and most importantly to contribute to creating a bigger eco system of impact investors. Two interesting reports were presented if you are curious to learn more: - How to do Corporate Impact Investing https://lnkd.in/dd4iCNRU - Social Procurement https://lnkd.in/d43i35gt With the Corporate Leadership Council for WEF Global Alliance for Social Entrepreneurship we discussed some joint challenges as corporate social investors and in a couple of sessions we made deep dives into impact and CSRD. How do we keep social impact at the forefront? Let's continue the movement and make sure that our joint global aspiration of leaving noone behind gets the attention and action it needs 💥

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