Other key considerations Other key considerations Ventures: Fast. Reliable. Accessible. Our approach Finding and backing innovative young companies helps fuel economic growth. Our Ventures team excels at spotting groundbreaking innovations early on. The team is primarily focused on investing in business-to-business ‘software-as-a-service’ (SaaS) companies providing tech-based solutions to drive the growth of larger established businesses. Last year’s commitments In last year’s sustainability report, the Ventures team made commitments across four key areas: improved data collection and materiality mapping, more support given to companies to understand sustainability, closer collaboration with industry peers to share best practices and drive progress, and improved tracking across sustainable attributes within our portfolio companies. read more read more read more read more scroll down Our approach Finding and backing innovative young companies helps fuel economic growth. Our Ventures team excels at spotting groundbreaking innovations early on. The team is primarily focused on investing in business-to-business ‘software-as-a-service’ (SaaS) companies providing tech-based solutions to drive the growth of larger established businesses. This presents a challenge: How can the Ventures team foster innovation without compromising sustainability? They have sought to address this by integrating sustainability considerations into their due diligence process. Asking whether an early-stage company can facilitate sustainable growth is not only an important indicator of its long-term investment potential but also helps cultivate a sustainability-driven mindset within the team. This shift has been evident in the team’s recent investments: nine out of 64 portfolio companies now operate in the environmental space, with four such companies backed since March 2023. Examples include: • Heat Geek: Heat Geek (previously Skoon Energy) provides heat pump-installing engineers with training, technology, and access to a pipeline of paying customers. With only 3,000 qualified heat pump installers in the UK, and a government target of 250,000 heat pumps installed each year, Heat Geek anticipates a ninefold increase in the number of engineers installing electric heat pumps. • Kamma: Kamma helps mortgage lenders and property providers to understand and mitigate climate risk, report carbon emissions, and drive customer ‘retrofit’ to unlock new revenue from green lending and investments. • Treefera: Backed in 2024, Treefera uses AI technology and machine learning to provide users with platform solutions for data on nature-based solutions. scroll down Other key considerations The Ventures team integrates sustainability considerations into its pre-investment due diligence process to identify companies with high growth potential and a strong commitment to responsible business practices. Recognising the early-stage nature of its investments, the team looks to focus on fostering a sustainability mindset rather than imposing rigid requirements. By participating in industry forums and discussions, the team stays abreast of emerging ESG best practices and considers how to apply these principles to its seed-stage portfolio companies. The goal is to contribute to the development of a more sustainable venture capital ecosystem. The Impact EIS Fund is now both closed and fully deployed. The team continue to provide oversight of the investments and reporting to investors, however exposure and holdings are expected to reduce over time through dilution and IPO. With this dilution comes further reduction to influence. Within this context, the Ventures team, with support from the Sustainability team, continue to implement responsible ownership and exit. For associated consumer facing disclosures, please refer to the Triple Point website These disclosures refer to the Sustainability Disclosure Requirement (SDR). Last year’s commitments In last year’s sustainability report, the Ventures team made commitments across four key areas: improved data collection and materiality mapping, more support given to companies to understand sustainability, closer collaboration with industry peers to share best practices and drive progress, and improved tracking across sustainable attributes within our portfolio companies. In progressing efforts on materiality mapping, our focus on data collection has moved away from a single pre-defined list of metrics to metrics we consider most relevant to each company while maintaining a focus on founder wellbeing and those with diverse leadership. We also continue to consider payment of living wage, attention to modern slavery risk and carbon accounting as topics relevant for all and good indicators of readiness for growth, in addition to aligning with Triple Point’s sustainability goals.