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June 12, 2023

Mastering Climate Impact Measurement: Your Expert Crash Course (ft. Isabelle Canu and Stefan Maard)

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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Don't forget to SUBSCRIBE to our NEWSLETTER to stay tuned about the next episodes: https://www.climateinsiders.co

TWITTER: https://twitter.com/yoannberno

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/

Isabelle Canu Profile Photo

Isabelle Canu

General Partner at the Green European Tech Fund

Isabelle Canu is a General Partner at the Green European Tech Fund

Stefan Maard Profile Photo

Stefan Maard

General Partner at Climentum Capital

Stefan Maard is a General Partner at Climentum Capital.