ESG

Our Philosophy

Mundi Ventures backs purpose driven founders. At the time of investment, our founders already have a strong ESG vision. At Mundi, we partner and support them to further realize their unique sustainability goals. We believe that incorporating ESG factors is not only the right thing to do but can build a competitive advantage.  

Our Mission and Commitment

While many sustainability frameworks exist, tracking and measuring hundreds of metrics dilutes the attention towards real action, equating to little impact. Therefore Mundi Ventures has identified Climate Change and Gender Equality to be the most pressing issues where we can make the biggest contribution to solving. 

We support our portfolio companies to offer the transition into a resilient lower carbon economy by supporting companies with carbon measurement. We work with startups to increase gender diversity in the senior management in case the founding team lacks such diversity at the time of the investment. 

Mundi Ventures firmly believes that great companies can come from anywhere and doing good is not only a responsibility of being a venture capitalist but can result in higher financial return of our investments. In fact, startups are looking at ESG to attract new customers. There have been robust evidence that suggest ESG outperformers also outperform financially over a long-term period.

Since 2021, Mundi Ventures has been a signatory of UN Principle of Responsible Investment and committed to be an ethical player with an intention to make positive societal impact in the financial market.

Our Definition of ESG and Impact

To achieve our vision, we established an ESG investment policy that is used throughout the investment lifecycle. There are different ways to integrate ESG factors into the investment. Mundi Ventures uses an ESG framework to evaluate both risks and opportunities. This assessment then allows us to work with the founders on mitigating the risks and identifying areas of value creation. 

Mundi Ventures uses ESG factors to evaluate ESG negative risks and positive opportunities to properly value and manage such risks. In addition, we seek to find purpose-driven founders who can create a positive “impact” in society. 

Mundi Ventures defines ESG and Impact as the following:

Environmental factors: Business operations that can negatively or positively affect Climate change, Resource depletion, Water, food and electronics waste, Water and Soil Pollution, Deforestation, Biodiversity loss in terrestrial and aquatic ecosystems

Social factors: The treatment of employees including their pay; health and safety; labor conditions; human rights; gender, socioeconomic and racial diversity, and inclusion. The management of the supply chain and the treatment of all stakeholders including customers and communities

Governance factors: Institutional frameworks for anti-bribery and corruption, cyber security and data privacy, board diversity and structure, and code of ethics and compliance.

Impact: Positive impact from business operations towards United Nations 17 Sustainable Development Goals

The ESG and impact factors listed above are not exhaustive and Mundi Venture will continue to re-visit, refine and add to the list. 

Clarity AI (New York): Bringing societal impact to capital markets

Global ESG assets have surpassed $35 trillion in 2020 and still growing. Clarity AI helps measuring and understanding which companies are “sustainable” which is a complex, multi-dimensional and cross-border task.

Acurable (London): Bringing  wearable healthcare to homes

Sleep related breathing disorder affects 1bn people worldwide, however 85% of them go undiagnosed. Acurable allows home diagnoses easy and protect people from potential diseases caused by breathing.

Floodmapp (Brisbane): Protecting the world from flooding

Floods take thousands of lives every year, causing $96B annual damage. With the climate change, flooding is predicted to displace 50 million people by 2100. Floodmapp predicts floods in real time.

Laiier (London): Reducing water waste with smart surface

Insurers' annual claim related to water leaks reaches £1B in the UK alone. Laiier provides smart surface sensors for building owners to reduce waste and the cost of smart facilities in real-time.

Sherpa.ai (Bilbao): Providing green AI to protect your privacy

Privacy should be a right, not a privilege. Sherpa.ai offers artificial intelligence with unique design to protect data privacy and minimize carbon footprint, resulting in up to 60% CO2 reductions.

Citibox (Madrid): Revolutionalizing last mile delivery with smart mailbox

Citibox makes last mile delivery easy, efficient and 24/7 available by digitizing mailboxes for customers and logistics partners. It reduces CO2 emissions by 52% for daytime deliveries, and 69% at night.

Betterfly (Miami): Providing purpose-driven benefits

Betterfly offers a holistic employee benefit platform with health & life insurance, and social giving opportunities for employees. The first purpose-driven benefits platform that rewards healthy habits with charitable donations and no-cost life insurance coverage that grows every day.

Submer (Barcelona): Making data centers radically efficient

Data centres account for around 1% of total global electricity demand. By manufacturing a resilient, highly efficient, eco-friendly, computing immersion cooling system for data centers, Submer can reduce energy consumption by 50% and water use by 99%.

Asistensi (Madrid): Providing healthcare for migrants

Aging population is a societal problem universally. People over 75 currently have no access to private insurance in certain LatAm countries. Sending remittances is too costly resulting in people not being able to help their family members in such countries.

“Only those who will risk going too far can possibly find out how far one can go.” - T.S. Eliot
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