ESG Policy

blisce/ is a growth venture capital firm that backs mission-driven entrepreneurs in the creation of global innovative consumer brands and technology companies. As a certified B Corp believes businesses can be a force of good to have a positive impact on the environment and society. ESG is embedded into all aspects of the company and is a guiding factor in our investment process.

We follow the definitions of ESG outlined by PRI:

 

Blisce as a management company

BCorp

As a certified BCorp we value and are committed to the 5 BCorp pillars:

Customers: as a Management Company, blisce/ reviews in detail conformity in terms of AML & Tax conformity for each subscribers in the fund.

Community: as a team, the blisce/ team has committed to donating 20% of their carried interest revenues to Epic, a non-profit startup that fights to change the lives of disadvantaged youth worldwide.

Environment: Blisce is committed to reducing their environmental footprint. The first step we believe is to understand our impact by performing a carbon emissions analysis, which will allow us to more actively reduce our carbon footprint. We are continuously improving our practices and policies to reduce our waste, use ethical and environmental products, and reduce our carbon footprint.

Some practices currently in place:

 

Workers:

 

Governance:

 

Remuneration policy

The remuneration policy applied by Blisce/ are in line with the AIFMD regulations.

As of today, our remuneration policies do not discourage the consideration of sustainability risks in the investment decision process.

Blisce/ team also commits 20% carried to the EPIC Foundation.

 

 

Affiliations

 

BCorp Certification

B Lab is a nonprofit that serves a global movement of people using business as a force for good. B Lab’s initiatives include B Corp Certification, administration of the B Impact Management programs and software, and advocacy for governance structures like the benefit corporation. B Lab’s vision is of an inclusive, equitable, and regenerative economic system for all people and the planet. To date, there are over 3,400 Certified B Corps in 150 industries and 70 countries, and over 70,000 companies use the B Impact Assessment. Visit bcorporation.net for more information

 

Sista Chart

We are signatories of the Sista chart which aims at reducing inequalities of funding between male and female entrepreneurs.
Visit wearesista.com for more information

 

United Nations Principles for Responsible Investments

The six Principles for Responsible Investment are a voluntary and aspirational set of investment principles that offer a menu of possible actions for incorporating ESG issues into investment practice.

 

Visit unpri.org for more information

 

Blisce’s investment process

blisce/ has carefully embedded ESG practices across every level of the investment fund.

 

Deal Origination

To ensure we have a talented, yet diverse pipeline we source companies through a wide network of leveraging technological platforms, market research, events and professional networks.
However, as blisce is not an impact fund, we didn’t commit to invest only in impactful companies in terms of ESG.

 

Due Diligence process

During due diligence our investment team carefully performs a negative screening to ensure there are no fundamental issues with the company’s mission, supply chain and environmental or societal impact. We also screen for potential risks related to employment practices, suppliers and supply chain and environmental impact. We also strive to understand the company’s governance & mission, diversity & inclusion practices and charitable giving practices.

 

Our assessment during the due diligence process is used to identify risk-factors relevant to a company’s activities in the following key areas:

 

Additionally reviews the following information:

 

At the investment deal stage all of our portfolio companies take BCorp’s B Impact Assessment (BIA) as an ESG assessment. While there are many impact tools available we believe the BIA provides a comprehensive overview and standardized market benchmark. We hope the assessment can serve as a launch point for ventures hoping to expand and grow their ESG policies and we plan to support them along the way. The fund’s term sheet includes two non-negotiable clauses for ventures: an agreement to carry out an ongoing ESG evaluation every 12 months; and a commitment to interview at least one diverse profile for every open senior leadership position.

 

ESG Portfolio Management

We believe outstanding companies are international, diverse, inclusive, and responsible. As a result our Platform team focuses on enabling our portfolio companies to be international, diverse, inclusive, and responsible through the following support: