Technology is nothing
… without a grand societal or environmental problem it can solve.
At DeepTechXL we invest in purpose-driven companies that make an impact on the UN Sustainable Development Goals by leveraging key enabling technologies to addressing key societal themes in the fields of Health & Care, Energy transition & Sustainability, Security, and Agriculture, water, and food.
DeepTechXL is a sustainable fund, and thus has sustainable investment as a main objective. Hence, DeepTechXL operates in line with Sustainable Finance Disclosure Regulation (Regulation (EU) 2019/2088) Article 9. In doing so, DeepTechXL has aligned its processes and procedures to several international standards. As such, we are a signatory to the United Nations Principles of Responsible Investment as of 2022.
We believe sustainability is a key value driver in building future-proof companies. Our investment process incorporates sustainability risks (potential negative impact) and sustainability impact (potential positive impact) as key decision-making factors. Thus, we integrate ESG risks, positive adverse impact, do no significant harm principles, and impact KPIs into our investment cycle.
IMPACT RESPONSIBILITY REPORT 2022
BUILD BUSINESS RESILIENCE TO ENVIRONMENTAL AND SOCIAL CHALLENGES
CREATE SOLUTIONS TO ADDRESS GLOBAL GOALS
DeeptechXL’s approach to interpretation of SFDR article 9
While SFDR Article 9 provides a framework for integrating sustainability risks and factors into investment decision-making and disclosure, there is some level of interpretation freedom for DeeptechXL. Dealing with EARLY STAGE deep-tech ventures, creates opportunities to pave the way for making a positive impact on the grand challenges societies are facing. At the same time, we need to apply a practical approach while guiding these ventures in defining their impact strategies, KPI’s, monitoring, control and reporting. The regulation sets out high-level principles and requirements for assessing and disclosing sustainability risks and factors, but it does not prescribe a specific methodology or approach for doing so yet. This allows DeeptechXL to choose the most appropriate methods for our specific circumstances, taking into account factors such as the nature of our business, the types of investments we make, and the sustainability issues that are most relevant to our investment candidates and portfolio ventures. We de realize that we are expected to follow a principle-based approach and to apply the requirements of SFDR Article 9 in a consistent and transparent manner. This means that we should be able to explain our approach to integrating sustainability risks and factors to our investment candidates and portfolio companies and other stakeholders and provide evidence to support our disclosures. In addition, SFDR Article 9 is subject to ongoing regulatory guidance and interpretation, and we are expected to stay up to date with any changes and updates to the regulation and adjust our practices as needed to ensure compliance.