This is wonderful news! 🎉 ESG just got a lot less complicated for startups and VCs which was sorely needed. Excited to see this implemented!
📄 BIG NEWS: ESG reporting harmonisation is finally here!! This template will land in (almost) all European startup inboxes in 2025! Moderated and facilitated by Invest Europe and us, a group of incredibly committed VC LPs - European Investment Fund (EIF), KfW Capital, Enterprise Ireland, Invest-NL, Tesi, Bpifrance, Sixth Swedish National Pension Fund - spent the last 9 months updating and harmonising the ESG Reporting Template. The three most important accomplishments: 📏 PROPORTIONALITY: the release actually includes three templates, for companies with <15, 15-250 and >250 FTE. As a result the reporting burden for early stage companies will decrease next year! 👓 SPECIFICITY: with every KPI, we asked: is this relevant for VCs and their portfolios? While certain regulatory requirements (e.g. SFDR's PAIs) are still not necessarily material, we mostly kicked questions out rather than added any. ⬆️ HARMONISATION: wherever possible, this template is aligned with both European regulation as well as EDCI and ESG_VC. One reporting to rule them all. The result: reporting (measurement) is easier and we can focus on the workout - which is where the real business case is! 🖥️ The template, which we expect to be used by a large number of major LPs for 2024/25 reporting, will also come with a machine-readable format (released as early as next week) to enable harmonisation across software platforms. We are doing a session together next Tuesday - let us know if you are interested in participating and if you have any questions. Read our joint press release here: https://shorturl.at/guHZl
Investing in People & Planet positive solutions from CEE region | Impact VC | CEE Sustainability Leader
2wTilia Impact Ventures Pavel Petrek