Today's show features not just one, but two guests, who will provide super actionable insights to FINALLY demystify the IMPACT of Climate Tech Funds.
-We will break down the most important concepts around impact measurements, such as SFDR, ESG, LCA, and other key acronyms ruling European Climate Tech.
-We will ask two of Europe's best impact experts how they put it all into practice when making investments and growing their startup portfolio.
-And we will answer some chicky questions to figure out what is truly necessary and what is a bit overkill in this whole impact assessment world.
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ABOUT CLIMATE INSIDERS:
Learn all the insights from Europe's top Climate Tech Founders and Investors. Listen to the stories behind the startup successes, understand the drivers of investment decisions, and become a true Climate Insider.
Check us out at: https://www.climateinsiders.co
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ABOUT THE GUEST:
Our two guests are Isabelle Canu, Partner at the Green European Tech Fund, and Stefan Maard, General Partner at Climentum Capital.
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SHOW NOTES:
0:09 – Intro
01:40 – Guests background
02:43 - Was the push in regulations in recent years the Turning Point for the Climate Tech industry and the main contributor to the booming number of dedicated funds?
06:50 - Is Article 9 the 'holy grail' of Climate impact funds?
08:50 - What is the definition of ESG and how does it overlap with Article 6, 8, 9 funds?
12:00 – How to measure impact at both the individual company and portfolio level?
13:49 – When to run the impact assessment? Is it during the due diligence process, after due diligence, or at the end of the fund?
15:00 – Example of how to conduct pre-due diligence or during due diligence assessment.
17:00 – Conducting an LCA at the fund level: strategies, considerations, and recommendations!
18:45 - Are LCAs very expensive, and will this make VC money even more expensive? Can VCs still be cost-competitive vs generalist funds?
20:10 – When does it make sense to be an Article 9 fund?
23:00 – Intentions vs Reality Check: are Pre-Seed and Seed Stage the funds right fit for Article 9 or should it be reserved for Growth and Private Equity funds?
26:30 – Attribution vs Additionally: unraveling the tricky debate! Which one is the biggest problem?
30:30 – Mastering impact assessment in practice: A Guide to Effective Evaluation!
35:08– How to run impact assessment for a project development case (ex: offshore floating wind farm)?
37:40 –Are there any external service providers, professionals, or software that they recommend to run impact investing?
41:38 – Mastering LP documentation: best practices and reporting timelines for fund managers!
44:18 - What is the role of a Climate Tech VC? Is it to provide impact counseling to founders?
47:05 – Striking the balance: prioritising impactful direction over purely commercial Goals!
50:04 – Preventing bad press and safeguarding your reputation
54:09– Unleashing the power of incentives: how to build a successful and effective framework?
57:39 – Racing against the odds: how to supercharge industry growth despite capital constraints?
1:02:11 - Outro
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ABOUT THE HOST:
Yoann Berno https://www.linkedin.com/in/yberno/ After a career spent building and investing in top tech startups, Yoann is now a founding member and General Partner at Climentum Capital focused on investing in game-changing technological solutions to our worsening climate crisis.
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LINKEDIN: https://www.linkedin.com/showcase/climate-insiders
Isabelle Canu (GP at Green European Tech Fund) https://www.linkedin.com/in/isabelle-canu-897a3189/
Stefan Maard (GP at Climentum Capital) https://www.linkedin.com/in/stefanmaard/
GET Fund https://getfund.eu/
Climentum Capital https://www.climentum.com/
ClimatePoint https://www.climatepoint.com/