THE FOOTPRINT FUND
The Footprint Fund is an ambitious Article 9 Impact Venture Fund, seeking to invest in pre-seed and seed deep tech and scale-up solutions with the potential to drive the green transition. We use our unique resources to provide founders with the expertise to help them reach their impact potential.
Details
The Footprint Fund is a EUR 50M deep green impact fund that aims to make up to 30 investments. The fund reserves more than half of its capital for follow on investments.
STAGE:
PRE-SEED AND SEED
TICKET SIZE:
EUR 0.5 TO 2 MILLION
FUND SIZE:
EUR 50 MILLION
VINTAGE YEAR:
2023
CLASSIFICATION:
ARTICLE 9
GEO:
NORTHERN EUROPE
STRATEGY:
LEAD, CO-LEAD AND FOLLOW
FOCUS:
ENERGY, FOOD & AGRICULTURE, BUILT ENVIRONMENT, CLIMATE TECH, BIO SOLUTIONS, CIRCULAR ECONOMY
Investment approach
As an Article 9 or “dark green” fund, the fund represents the highest classification for sustainable investments in the EU. We invest in start-ups and scale-ups aimed at transitioning key industries and scaling future innovation across six verticals. These verticals include Food & Agriculture, Energy, Built Environment, Climate Tech, Bio-Solutions and Circularity.
With The Footprint Fund I we seek to close the knowledge gap in impact investment and leverage our unique operating model to invest substantial time, money and resources into bold and innovative start-ups.
Could we be a match for your start-up? Send your pitch deck to: pitch@thefootprintfirm.com
Sustainability Related Disclosures ↓
THE FOOTPRINT FUND MANAGER A/S
SUSTAINABILITY-RELATED DISCLOSURES
As an alternative investment fund manager, the Footprint Fund Manager (the “Manager”) is under the scope of the EU Sustainable Finance Disclosure Regulation2019/2088 (the “SFDR”) and the delegated regulations hereof, which requires the Manager to publicly disclose information on their website about their policies on integration of sustainability risk, whether and how principal adverse impacts (“PAI”) of investment advice are considered as well as how the remuneration policies are consistent with the integration of sustainability risks.
INTEGRATION OF SUSTAINABILITY RISKS
Sustainability as a risks factor refers to environmental, social, or governance (“ESG”) events that, if they occur, could cause an actual or a potential material negative impact on the value of the investments.
The Manager leverages its internal capabilities as well as other capabilities by the Footprint Firm Team to identify risks and validate the sustainability contribution and commercial prospects of potential investments. The Manager integrates sustainbility risk in its investment-decision making process. As environmental, social and governance, including health, safety, and (work) environment and labour rights, (ESG) is a key priority for the Manager, The Manager will in all material respects comply with Footprint Firm’s internal policies regarding ESG, as well as applicable laws, regulations and sanctions which integrates sustainability risk in its investment-decision making process in accordance with SFDR art. 3.
It is important to take into account and mitigate such sustainability risks in order to generate sustainable long-term risk adjusted returns for investors in the AIFs under mangement of the Manager. To identify sustainability risks related to an investment, the Manager conducts an ESG due diligence which, among others, addresses potential ESG risks and the overall impact of the company’s activities, e.g., by considering portfolio companies’ resilience to regulatory changes and physical climate risk.
In general, transitional sustainability risks for the Manager is primarily related to a slow-down or lack of ESG regulation as opposed to the opposite. Tightened ESG regulation would result in a competitive advantage for the investments since all of them provide sustainable solutions. As such, an identified sustainability risk is lack of regulation and incentives for market practitioners which may in turn affect the profitability and operations of green products such as the investments.
STATEMENT OF PRINCIPAL ADVERSE IMPACTS OF INVESTMENT DECISIONS ON SUSTAINABILITY FACTORS
In accordance with SFDR Article 4 the Manager considers Principal Adverse Impacts (“PAI”) on the sustainability factors listed in the Annex I to the SFDR Delegated Regulation 2022/1288 (“RTS”) in the investment decision-making process. These PAI indicators, comprising the 14 mandatory indicators, form an integral part of the pre-investment assessment. The Manager has identifyed the following two indicators from tabel 2 and tabel 3 in the Annex I of the delegated regulation as being relevant:
– Lack of CO2e emission reduction initiatives
– Lack of supplier code of conduct
The PAI Statement will be published on the Manager’s website annually, no later than 30 June.
REMUNERATION
The Footprint Fund Manager are not taking sustainability risk into consideration in their remuneration policy, as there is not direct connection between the Managers work with remuneration and the Manager’s integration of sustainbility risk in the investment-decision making process.
THE FOOTPRINT FUND I K/S
PRODUCT DISCLOSURES
The financial product, The Footprint Fund I K/S (the “Fund”), has sustainable investment as its objective and discloses pursuant to Article 9 of the SFDR. The Footprint Fund I K/S is managed by The Footprint Manager
(link to SFDR Article 9 website disclosure – SFDR Article 9 website disclosure_The Footprint Fund I)