DACH VCs introduce sustainability clause

Other participants in the clause include Northzone, Acton Capital, Target Partners and Unternehmertum Venture Capital.

The clause will commit the VCs and their portfolio companies to more sustainable business practices.

The parties are required to measure their CO2 emissions and put in place measures to reduce waste and energy inefficiencies, such as introducing travel policies promoting more environmentally friendly modes of transport or switching to a green electricity provider.

Financing for climate-related projects is also to be included in budget planning and progress on these initiatives will be assessed using international certifications standards.

The clause also includes a commitment to make employees, partners, suppliers and customers aware of climate protection, and promote the implementation of sustainable practices.

The clause was developed in partnership with the Leaders for Climate Action (LFCA) initiative.

Earlybird said in a statement that blockchain start-up Bitwala was one of its first portfolio companies to have the clause included in its contracts.

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• Topics
• GPs
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• Northzone
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