Sustainability Creates Value
At Spintop Ventures we firmly believe that sustainability and value creation go hand in hand. Ever since Spintop was founded, sustainability has been on our agenda when screening for potential investments. In our opinion, KPIs related to sustainability are as important as financial KPIs.
We are actively working with UN SDGs internally in our firm and together with our portfolio companies to identify key ESG metrics to track and improve over time. Sustainability assessment is also an integral part of our due diligence process when evaluating new investments. The SDGs that Spintop focuses on are:
- Gender equality (SDG 5)
- Decent work and economic growth (SDG 8)
- Climate action (SDG 13)
Analysis and research have proven that diverse companies are more successful in the long term. As of December 2023, 38% of our portfolio companies are led by female CEOs. The management teams and entire organizations have an average gender diversity of 35% and 40%, respectively, with the boards lagging behind at 25%. However, we are actively addressing this issue.
Successful companies create new jobs. So far, the Spintop portfolio companies have created close to 700 new jobs during Spintop’s investment period, an average increase by 226%. These are real jobs with proper employment arrangements and personal growth opportunities, in companies based on sound values. As a result, our companies score very high on employee satisfaction.
Spintop’s portfolio companies leave a CO2 footprint, just like all other companies. But, our companies also do a lot of good with a direct, or indirect, positive climate impact. We help our companies to systematically measure and track the negative and positive climate impact. And, most importantly, follow up regularly to drive positive improvement towards be climate neutral and onwards to have a net positive impact.
The most significant adverse impact of our portfolio is greenhouse gas (GHG) emissions. While we acknowledge that our portfolio companies have the potential to significantly reduce GHG emissions, we do not net the positive impact against the negative impact. We provide our portfolio companies with transparency by conducting quarterly follow-ups and benchmarks to quickly address any increases in emissions. Although we remain vigilant, Spintop is comfortable that the potential adverse impacts of our companies are not material.
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