Invest Europe releases first ESG KPI report

Invest Europe has published its first ESG KPI report.

The publication, ESG KPI Report: Managing what you measure, is based on the participation of 659 European private equity and venture capital firms, 2,100 funds and 5,895 companies. The measurements are based on figures from 2021.

Invest Europe collaborated with the European Data Cooperative and the KPIs used were based on current industry metrics across Europe. The data compiled consists of specific indicators on Scope 1-3 greenhouse gas emissions, the proportion of renewable energy consumption by companies, board seats held by independent directors, and cybersecurity and data privacy measures, among others.

However, the data collected is not yet extensive enough to represent the European industry as a whole.

Main themes of the report include environment, female participation in senior positions and preventing corruption.

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The findings demonstrate an industry-wide focus on ESG, with 77% of firms reporting to have ESG investments and portfolio management processes (90% for buyout firms).

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In terms of diversity, the report found women to hold on average 38% of full-time equivalent roles at companies within the survey and are sat on 28% of the board seats.

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On the governance side, it was reported that seven out of 10 companies had anti-bribery and corruption policies in place.

The report aims to accompany Invest Europe’s ESG Reporting Guidelines, ESG Due Diligence guide, and its Climate Change Guide, in an attempt to increase transparency with ESG-related policies.

Click here to read the full report.