Disclosures for Planetary Impact Ventures Fund K/S
Planetary Impact Ventures Fund K/S is the financial product managed by Planetary Impact Ventures A/S. It is classified as a ”dark green” article 9 fund under the Sustainable Finance Disclosure Regulation (“SFDR”) with the highest standards for sustainability. Consequently, the fund has the following information available, as required under the SFDR 2019/2088 article 37 about website disclosure:
- Summary
- No significant harm to the sustainable investment objective
- Sustainable investment objective of the financial product
- Investment strategy
- Proportion of investments
- Monitoring of sustainable investment objective
- Methodologies
- Data sources and processing
- Limitations to methodologies and data
- Due diligence
- Engagement policies
- Attainment of the sustainable investment objective
Summary (Danish version below) (article 38)
Planetary Impact Ventures Fund K/S is a Danish evergreen fund managed by Planetary Impact Ventures A/S. It is classified as a ”dark green” Article 9 fund under the Sustainable Finance Disclosure Regulation (“SFDR”), reflecting the highest standards for sustainability. The fund invests patient capital into early-stage companies with long-term business models operating in the fields of agriculture, food, and biodiversity. In addition to its environmental purpose, the fund aims to generate a fair financial return.
Investments contribute to at least one of the following environmental objectives:
- Climate change mitigation and adaptation
- Sustainable use and protection of water and marine resources
- Protection and restoration of biodiversity and ecosystems.
At least 95% of the fund’s investments are classified as sustainable under SFDR. It is not a requirement that investments meet the full set of Technical Screening Criteria under the EU Taxonomy. Planetary has not designated any indices as reference benchmarks.
Prior to any investment decision, a thorough due diligence process is carried out, including assessments of relevant SFDR ‘Do No Significant Harm’ indicators to help ensure that no significant harm is caused. The investment selection process is guided by Planetary’s Responsible Investment Policy and follows both the fund’s Investment Mandate and its Impact Due Diligence Checklist. Together, these frameworks apply high environmental, social, and governance standards.
After an investment is made, Planetary monitors progress against the sustainable investment objectives throughout the lifetime of the holding. This includes annual tracking of selected sustainability indicators. Where possible, Planetary includes the contractual right to exit investments if a company pivots away from relevant sustainability objectives.
Limitations in data collection primarily stem from the resource constraints typical of early-stage companies. There are no fixed thresholds or proportion of data estimates, as we recognise that startups may lack complete or consistent information. Nonetheless, we aim to minimise the use of estimates.
To help keep sustainability objectives high on the agenda for our portfolio companies, Planetary typically takes a board seat or board observer role in each portfolio company. In that capacity, we advocate for long-term sustainability impact to be prioritised over short-term or short-sighted growth.
Sammenfatning på dansk (English version above) (article 38)
Planetary Impact Ventures Fund K/S er en dansk evergreen-fond forvaltet af Planetary Impact Ventures A/S. Fonden er klassificeret som en ”mørkegrøn” artikel 9-fond under EU’s forordning om bæredygtighedsrelaterede oplysninger i den finansielle sektor (”SFDR”) og forfølger således de højeste standarder for bæredygtighed. Fonden investerer tålmodig kapital i virksomheder i en tidlig fase med langsigtede forretningsmodeller inden for landbrug, fødevarer og biodiversitet. Ud over det miljømæssige formål har fonden også til hensigt at opnå et rimeligt finansielt afkast.
Investeringerne bidrager til mindst ét af følgende miljømæssige mål:
- Afbødning af og tilpasning til klimaforandringer
- Bæredygtig anvendelse og beskyttelse af vand- og havressourcer
- Beskyttelse og genopretning af biodiversitet og økosystemer
Mindst 95% af fondens investeringer er klassificeret som bæredygtige i henhold til SFDR. Det er ikke et krav, at investeringerne opfylder alle de tekniske udvælgelseskriterier under EU-taksonomien. Planetary har ikke udpeget noget indeks som referencebenchmark.
Forud for enhver investeringsbeslutning gennemføres en grundig due diligence-proces, herunder vurderinger af relevante SFDR-indikatorer for at sikre, at der ikke forvoldes væsentlig skade. Udvælgelsen af investeringer styres af Planetarys politik for ansvarlige investeringer og følger både fondens investeringsmandat og dens Impact Due Diligence-tjekliste. Tilsammen udgør disse rammen om et højt niveau af miljømæssige, sociale og ledelsesmæssige standarder.
Efter investeringens gennemførelse overvåger Planetary løbende, om de bæredygtige investeringsmål opfyldes gennem hele ejerperioden. Dette omfatter årlig opfølgning på udvalgte bæredygtighedsindikatorer. Hvor det er muligt, indføjer Planetary en kontraktuel ret til at udtræde af investeringen, hvis virksomhedens retning afviger væsentligt fra de relevante bæredygtighedsmål.
Begrænsninger i datatilgængelighed skyldes primært de ressourcemæssige forhold, der kendetegner virksomheder i en tidlig udviklingsfase. Der er ingen faste tærskler eller kvoter for estimerede data, da vi anerkender, at nystartede virksomheder kan mangle fuldstændige og konsistente oplysninger. Ikke desto mindre tilstræber vi at minimere brugen af skønsmæssige vurderinger.
For at fastholde bæredygtighed som en prioritet i porteføljevirksomhederne indtager Planetary som udgangspunkt en bestyrelsespost eller observatørrolle. Herfra arbejder vi for, at den langsigtede bæredygtighedseffekt prioriteres over kortsigtede eller snævre vækstmål.
No significant harm to the sustainable investment objective (article 39)
Planetary Impact Ventures Fund ensures that none of our sustainable investments cause significant harm to any of the sustainability objectives. Prior to any investment decision a thorough due diligence is conducted to ensure no significant harm is caused.
Our DNSH assessment applies to all investments without exception. It requires the investment cases (the company which we consider investing in) to fill in a DNSH self-assessment form that provides information on the potential of doing harm to the sustainability objectives. The assessment covers the six environmental objectives of the EU Taxonomy Regulation 2020/852 article 9 at a high level. The assessment form requires descriptions of I) whether the business is at risk of causing significant harm to any of the environmental objectives, II) why there may be a risk and III) how the risk should and will be mitigated.
Adverse sustainability indicators from Table 1 of Annex 1:
- All four climate and environment-related indicators for adverse impacts in Table 1 of the Annex 1 are assessed at a high-level with 1-3 questions for each indicator.
Adverse sustainability indicators from Table 2 of the Annex 1:
- Selected, specifically relevant sub-indicators in the category “Water, waste and material emissions” which covers ecosystem conditions, habitats, species, circular use of resources, waste, water, and pollutants.
- The social and governmental sustainability are assessed based on materiality and relevance, and the assessments do not necessarily include all the indicators from table 1 and 2. Planetary invests in early-stage companies that are still developing their products and services to bring to market. This is the reason for the choice of conducting high-level assessments of the DNSH indicators.
While Planetary has not yet completed a full assessment of all portfolio companies’ alignment with the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights, we are in the process of updating out existing due diligence framework, which currently already takes into account some, but not all of the guideines and themes. We will update our DNSH assessment methodology accordingly.
It is a requirement that all portfolio companies accept and sign Planetary’s Code of Business Ethics which state adherence to the ten principles of the UN Global Compact.
Sustainable investment objective of the financial product (article 40)
The sustainable investment objective of the Planetary Impact Ventures Fund is as follows:
Planetary Impact Ventures Fund invests in companies aligned with our guiding principles which are available at our website. We invest in companies that hold the potential to foster long-term business models within planetary boundaries. We operate as an evergreen fund, investing patient capital within agriculture, food and biodiversity, and aim to provide a fair financial return. Our ambition is clear: To reconnect with nature and life on the planet, to redefine what value is, and to inspire and contribute to a holistic restructuring of our economic systems.
The impact we seek is linked to the following environmental objectives, of which each investment must contribute to at least one:
- Climate change mitigation and adaption
- Sustainable use and protection of water and marine resources
- The protection and restoration of biodiversity and ecosystems.
To meet the investment objective, Planetary focuses primarily on the three key industries:
Food: Planetary invests to be a catalyst of a transition to an ecological, regenerative food system. Focus areas include plant-based food and food production, local food production, and small-hold, organic-regenerative farming.
Agriculture: Planetary invests to help companies that work towards a sustainable agricultural industry that operates within the planetary boundaries. Focus areas include technology to support organic and regenerative farming, and products that enable avoidance of pesticides and other chemical inputs.
Support of nature and biodiversity: Planetary invests across several industries in companies that work for regenerating nature and biodiversity and re-establishing human connectedness to nature. Focus areas include making space for nature, creating habitats for thriving biodiversity, and creating interactions between humans and nature.
Investment strategy (article 41)
The Partnership will invest (directly or indirectly) in for-profit companies that have the potential to solve systemic problems and regenerate natural environments and communities. The Investments shall primarily be made in early-stage companies, principally based in, or which conduct a substantial proportion of their business in EU, mainly in the Nordics. The Fund shall invest in accordance with its Responsible Investment Policy, except in each case as otherwise approved by the Investor Advisory Board, and article 9 of the Regulation (EU) 2019/2088 of the European Parliament and of the council of 27 November 2019 on sustainability‐related disclosures in the financial services sector, (the "Investment Strategy"). In addition, we ask all portfolio companies to adhere to the UN Global Compact.
Sourcing of investments follows two main tracks: inbound opportunities received through e.g. collaboration partnerships or referrals, and outbound opportunities derived from our screening of incubators, accelerators, start-up platforms, etc. The Investment Committee (IC) makes investments decisions based on structured briefs by the investment team. The IC ensures adherence to the investment policy including the sustainability related exclusion criteria described in the Responsible Investment Policy and the committee’s Investment Mandate.
When an investment is completed, the portfolio management / collaboration phase begins, and Planetary then works with each portfolio company to ensure that they continue developing and focusing on the agreed sustainability impact. This includes the management of sustainability risks and issues.
Sustainability is integrated across the investment process from deal sourcing and due diligence to portfolio management, in the form of screening criteria, assessments of theory of change and adverse impacts, setting of sustainability KPIs, and board work in the portfolio companies.
Planetary evaluates governance practices and social sustainability in the whole value chain of investment opportunities. The policies governing these areas are the Responsible Investment Policy and the Code of Business Ethics which integrates the Ten Principles of the UN Global Compact, and an internal working document - the Investment Due Diligence Checklist - which covers, among many other things, both management structures, employee relations, remuneration, and tax compliance. If there are inconsistencies with these, Planetary evaluates whether these can and will be resolved. Good governance and socially sustainable practices are obligatory criteria for all investments.
Proportion of investments (article 42)
Apart from a very small opening for investments for cash management and liquidity purposes (5%), Planetary’s entire portfolio (the remaining 95%) is directed toward economic activities that contribute to an environmental objective, without causing significant harm. Planetary is classified under Article 9 of the SFDR and invests exclusively in sustainable investments, as defined by Article 2(17) of the Regulation. This is reflected in Planetary’s investment policy. The share of EU Taxonomy-aligned investments is reported to 0% because data is not available for the early-stage, small-scale start-ups that Planetary invests in and due to unavailability of Technical Screening Criteria in the organic-regenerative farming and food spaces.
Monitoring of sustainable investment objective (article 43)
Planetary monitors the sustainable investment objectives throughout the lifetime of all investments as follows:
- Prior to investment:
- Compliance check that investments align with Responsible Investment Policy.
- Negotiations and agreement on terms to ensure the investment’s continued alignment with Planetary’s sustainable investment objectives.
- Selection of suitable indicators based on the specific and unique sustainability risks and opportunities related to each investment.
- During ownership period:
- Board representation in the boards of most portfolio companies.
- Dialogues with portfolio companies’ managements.
- Half-Year reports every 6 months that include portfolio companies’ reporting on sustainability indicators (reviewed by Planetary). The Half Year Reports are communicated to investors in the Planetary Impact Ventures Fund.
Additionally, in Planetary’s investment agreements, we seek to include the right for Planetary to exit the investment if the company's mission pivots away from relevant sustainability objectives.
Methodologies (article 44)
The attainment of the sustainable investment objective is measured through the performance of sustainability indicators (see also the section above “Monitoring of sustainable investment objective”). Depending on which sustainability objective the investment contributes to, the indicators measure CO2e emissions saved, water saved, avoided land use, pesticides and chemical fertilizers avoided, plant-based meals produced, and/or improved biodiversity.
In Planetary we also seek to have a systemic impact, i.e. catalysing a change of the current food system as such. In line with systems theory and research, we also consider activities such as advocacy for mindset change and public relations activities to change the rules, structures and goals of the system. Therefore, we also prioritise and track our public relations activities and believe that this has a noticeable impact on the attainment of our sustainable investment objective.
Data sources and processing (article 45)
Planetary collects the data for measuring the attainment of the sustainable investment objectives from portfolio companies on an annual basis. The portfolio companies collect and provide data on a ‘best effort’ basis, and Planetary does not require audit, but we do require information on data collection and processing. The ability to deliver solid data increases with the portfolio companies’ maturation, so in case an early-stage portfolio company cannot provide the requested data, we will make an estimate usually based on industry averages. In this case we require of our portfolio companies that they work on improving their ability to report. There are no thresholds or fixed proportion of data estimates, as we acknowledge that early-stage startups may lack complete and accurate data, but we aim to limit such estimates.
Limitations to methodologies and data (article 46)
The limitations to data collection include primarily the experience and time that the portfolio companies have for this task which influences the data quality. Early-stage startups have limited ability to prioritise resources into this, and in cases of resource constraints, the ability to quantify improvements may be limited.
We do not collect quantitative data on the results of our advocacy and public affairs activities etc., but we do collect general feedback from politicians, other funds, and NGOs, and use this as a guidance on whether we are having a continued effect on the sustainable investment objective.
Temporary limitations to the data collection for a sub-group within our portfolio will not affect the long-term attainment of the overall sustainable investment objective, and Planetary is working to always ensure progress on data collection.
Due diligence (article 47)
To validate the sustainability impact hypothesis of a given investment opportunity, as well as to identify and mitigate sustainability risks, Planetary conducts a structured due diligence with the participation of both internal and, when needed, external experts. As part of the due diligence, the assessment includes, but is not limited to:
- Impact: overall EU Taxonomy eligibility, business ethics, LCAs or other impact verification, strategy, theory of change, and other impact metrics.
- Commercial: business and sales plan, production process, sourcing, and partnerships.
- Financial: budgets, forecasts, cash flows, and debt.
- Human Resources: founders/CEO background, employee relations, contracts, and development strategy.
- Governance: other investors, organisation, founding documents, terms, clauses, permissions, legislation, and IP.
The results of the due diligence are included in the investment brief which is the key formal document that informs the Investment Committee about all aspects of the investment opportunity. If the investment committee approves the investment opportunity, we proceed to negotiations and finally to signing and investment.
Engagement policies (article 48)
To always ensure that sustainability is a key consideration, Planetary engages with our portfolio companies often as board members or board observers, where we focus on keeping various topics of sustainability high on the agenda, and pushing for long-term sustainability impact rather than short-term growth. If a portfolio company is deviating from the agreed sustainability strategy / impact, we voice our concerns and collaborate with that company on creating a remedial plan to mitigate further deterioration, and to return to creating a positive impact. We have previously also seen a positive effect of asking a portfolio company to receive external advice from a designated specialist within their field to ensure getting back on track. If it is not possible to reestablish a sustainable operation, there is an option for Planetary to divest from the investment, but this is of course the very least desirable resort for all parties.
Attainment of the sustainable investment objective (article 49)
Planetary has not designated any indices as reference benchmarks.
Sustainability-related disclosures – Planetary Soil Fund K/S
12 November 2025
These sustainability-related disclosures have been prepared pursuant to Article 10 of Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector (the "Regulation").
This website product disclosure has been prepared and published based on the facts, information and legislative guidance available on the date hereof. This statement may be subject to changes, updates and general revision in connection with any regulatory developments and following the disclosure of any further legislation, guidance and recommendations concerning the Regulation (including any delegated acts thereto) by the Danish or EU legislators/supervisory authorities. A clear explanation will be published if any changes or amendments are made to the below.
Summary
Planetary Soil Fund K/S ("PSF" or the "Partnership") is managed by Planetary Impact Ventures A/S (the "Manager"), which acts as the alternative investment fund manager (AIFM) within the meaning of the AIFMD. The Partnership discloses as a financial product promoting environmental characteristics pursuant to Article 8 of the SFDR. The Partnership invests in agricultural land, buildings, and related natural assets with the purpose of transitioning conventionally farmed land to organic-regenerative agriculture or restoring it as nature.
The Partnership invests in agricultural land, buildings and related natural assets with the purpose of transitioning primarily conventionally farmed land to organic-regenerative agriculture or restoring it as nature. Before any acquisition, the Manager considers environmental and social risks that could materially affect the long-term value of the asset, including, where relevant, climate-related risks, soil condition, natural hydrology, biodiversity, municipal development plans, and applicable regulation. These risks are taken into account in the overall assessment and decision process. Following an investment, sustainability-related matters are monitored in accordance with the Partnership’s Stewardship Policy and applicable agreements.
The Manager has assessed that sustainability risks may have a low to medium impact on the Partnership’s returns over time. Events such as extreme weather, soil degradation, biodiversity loss or regulatory changes could increase costs or reduce productivity and thereby affect asset valuations. These risks are considered and managed through the investment process and ongoing monitoring but cannot be fully eliminated.
The Partnership considers sustainability risks in its investment decisions but does not currently consider the specific principal adverse impact indicators set out in Annex I of Commission Delegated Regulation (EU) 2022/1288. The Manager will, however, on an ongoing basis evaluate whether to include some or all of those indicators in future investment assessments.
The Partnership promotes environmental characteristics by investing in agricultural land and related natural assets with the purpose of:
(i) The Partnership promotes environmental characteristics by investing in agricultural land and related natural assets with the purpose of:
(ii) restoring land as nature (re-wilding).
Progress towards these characteristics is monitored and evaluated using environmental indicators, including:
- area of land converted to organic-regenerative agricultural practices;
- area of land restored or protected as natural habitat;
- elimination of synthetic fertilizer and pesticide use; and
- improvements in soil quality and biodiversity where data are available.
These indicators are applied as part of the Partnership’s monitoring and reporting framework and reflect its aim of climate-positive land management and ecological restoration.
The Partnership promotes environmental characteristics but does not have a sustainable investment objective within the meaning of Article 2(17) SFDR or the EU Taxonomy Regulation (EU) 2020/852. The “do no significant harm” principle applies only to those investments underlying the financial product that take into account the EU criteria for environmentally sustainable economic activities. The investments underlying the remaining portion of this financial product do not take into account those criteria.
No specific index has been designated as a reference benchmark for this financial product.
No sustainable investment objective
PSF promotes environmental characteristics but does not have a sustainable investment objective within the meaning of Article 2(17) SFDR or the EU Taxonomy Regulation (EU) 2020/852.
Environmental or social characteristics of the financial product
PSF promotes environmental characteristics by investing in agricultural land and related natural assets with the purpose of:
(i) Transitioning conventionally farmed land to organic-regenerative agriculture or preserving organic-regenerative farmland as such; and
(ii) restoring land as nature (re-wilding).
The Partnership seeks to ensure that the land it owns is maintained and improved over time so that ecological conditions are better when transferred to future owners or generations. It follows the core principles of organic-regenerative agriculture as outlined by Foreningen Regenerativt Jordbrug (the Danish Association for Regenerative Agriculture), emphasising healthy soils, continuous ground cover, minimal soil disturbance, thriving soil biology, integration of grazing animals as part of the farm system, and closed nutrient cycles, all contributing to resilient ecosystems and long-term soil fertility.
Investment strategy
In accordance with its investment strategy, PSF invests in agricultural land, buildings and related natural assets with the purpose of transitioning conventional farmland to organic-regenerative agriculture or restoring it as nature. All investments are made in accordance with predefined investment limitations and principles that integrate environmental considerations throughout the acquisition, management and stewardship of land.
If an investment no longer aligns with the environmental characteristics promoted by the Partnership, the Manager will first seek to engage to address and remedy the issue. Compliance is monitored on an ongoing basis, and material deviations may lead to corrective action or termination of agreements. The Partnership does not commit to a minimum rate to reduce the scope of investments considered prior to the application of that investment strategy.
Proportion of investments
Other than financial instruments held for cash-management purposes, the Partnership expects at least 90 % of its investments to promote environmental characteristics in accordance with the investment strategy. PSF will not make use of derivatives.
The remaining investments (“#2 Other”) will be used only to a minimum extent and solely for liquidity and cash-management purposes. The Partnership does not intend to make sustainable investments with an environmental or social objective or investments aligned with the EU Taxonomy. The minimum allocation of assets aligned with the EU Taxonomy is 0 %
Monitoring of environmental or social characteristics
Progress towards the environmental characteristics promoted by PSF is monitored and evaluated using the following environmental indicators:
- area of land converted to organic-regenerative agricultural practices;
- area of land restored or protected as natural habitat;
- elimination of synthetic fertilizer and pesticide use; and
- improvements in soil quality and biodiversity where data are available.
These indicators are applied as part of the Partnership’s ongoing monitoring and reporting framework and reflect its aim of climate-positive land management and ecological restoration. The Manager tracks and reports on these indicators to the extent that data is available from the underlying assets.
Methodologies
Methodologies used to measure and monitor the environmental characteristics follow the core principles of organic-regenerative agriculture as outlined by Foreningen Regenerativt Jordbrug focusing on improving soil quality, biodiversity and ecosystem resilience.The Partnership evaluates progress using the sustainability indicators listed above.
Data source and processing
Data used to monitor environmental characteristics are collected from underlying assets, tenants or external ecological advisers, and are reviewed by the Manager to the extent available. Where quantitative data are not available, qualitative or proxy information may be applied. The Manager continues to evaluate and strengthen data sources and data-processing practices over time. Initially, the main data point will be number of hectares. When it comes to improvements in soil quality and biodiversity, the approach is to ensure that the proper principles and activities that improve soil quality and biodiversity are introduced on all land. However, performing detailed measurements of how e.g., soil organic carbon is increased over time or how biodiversity improves above and below ground is not within scope.
Limitations to methodologies and data
Limitations to methodologies and data arise from varying data availability and quality across properties. Where complete data are not yet available, proxy indicators or qualitative assessments are applied.
The Manager seeks to improve data collection procedures as additional information becomes available. See ‘Data source and processing’ for more details on limitations.
Due diligence
The Manager integrates sustainability risks into investment decisions at each stage of the process. Before any acquisition of agricultural land, buildings or related natural assets, the Manager considers environmental and social risks that could materially affect the long-term value of the asset, including climate-related risks, soil condition, water availability, biodiversity and applicable regulation. Following an investment, sustainability-related matters are monitored in accordance with internal policies and agreements.
The Manager has assessed that sustainability risks may have a low to medium impact on the Partnership’s returns over time. Events such as extreme weather, soil degradation, biodiversity loss or regulatory changes could increase costs or reduce productivity and thereby affect valuations. The Partnership considers sustainability risks in its investment decisions but does not currently consider the specific principal adverse impact indicators set out in Annex I of Commission Delegated Regulation (EU) 2022/1288. The Manager will, however, evaluate on an ongoing basis whether to include some or all of those indicators in future assessments.
Engagement policies
Sustainability-related matters are monitored on an ongoing basis, and where issues arise the Manager seeks to engage to address and remedy them. If alignment with the environmental characteristics cannot be restored within a reasonable time, the Manager may take appropriate actions, including divestment, to ensure continued consistency with the Partnership’s environmental focus.
Designated reference benchmark
No index has been designated as a reference benchmark to determine whether this financial product is aligned with the environmental characteristics that it promotes.
Changelog
- Version 1, 12 November 2025 - Initial Version
Disclosure for Planetary Impact Ventures A/S
Planetary Impact Ventures A/S has the following information available, as required under the Sustainable Finance Disclosure Regulation 2019/2088 (”SFDR”) article 3, 4, and 5 on:
- Integration of sustainability risks in investment decision-making
- Consideration of Principal Adverse Impacts
- Remuneration
Integration of Sustainability Risks in investment decision-making (article 3)
Planetary bases investment decisions on diligent review and asessment of sustainability-related risks. Our structured screening process includes:
- Evaluation of the investment case’s alignment with Planetary’s investment mandate and Internal Policy on Conflict of Interests and Disqualification, which list exclusion criteria that ensure avoidance of investments that represent or pose a variety of general sustainability risks.
- Application of internal expertise and external expert advice to assess impact case, business model, and overall sustainability risks.
- Scrutiny of the investment case including assessments of risks to the environmental and social sustainability as well as good governance practices. This includes scrutiny of potential risks related to 1. Commercial, 2. Financial, 3. Human-relations, 4. Legal and governance, and 5. Impact.
- The investment case is required to complete a self-assessment / declaration of Do No Significant Harm and General Disclosures with the purpose of identifying potential harmful business practices and facilitate a dialogue on the sustainability risks of the business and how to mitigate them.
In general, Planetary considers the status quo of the food and agriculture systems to be a known sustainability risk, and we apply this thinking throughout the investment decision-making process, seeking investments that have the potential to challenge the current system.
Statement of principal adverse impacts of investment decision on sustainability factors (article 4)
Planetary considers potential adverse impacts of investment decisions on sustainability factors, taking much of the same approach as to sustainability risk due diligence. We evaluate the investment case and its alignment with our investment mandate and exclusion criteria, then we apply expertise and practical experience to assess any potential adverse impacts, then we perform a detailed due diligence of the commercial, the financial, the human relations-related, the legal, the governance, and the impact areas, seeking to uncover any adverse impacts. Lastly, the investment case is required to complete a self-assessment to identify potential adverse impacts or significant harm. The portfolio companies that Planetary invests in are startups, i.e. very small companies, and we believe that it will be a while before full PAI reporting is relevant and possible.
In addition to our investment considerations, we also consider our Limited Partner’s background and alignment with Planetary’s mission and values, before they are accepted as investors.
Remuneration (article 5)
In Planetary, we believe a carry structure exacerbates the focus on financial return and volatile investments as this will increase the value of the carry. Such incentive is not congruent with regenerative principles, and there are therefore no links between sustainability risks and remuneration.
