One of our portfolio companies supports an industrial customer in redesigning a core production process to reduce waste, recover materials and lower energy use.
Before (financial lens only):
Annual cost savings: €120,000
Payback: ~1.3 years
After (including natural capital):
Annual cost savings: €120,000
Natural capital value: €146,000
Total value created: €266,000 per year
(>2x vs financials alone)
Natural capital value includes:
Energy & emissions (60%) – lower energy use and reduced CO₂ impact. Materials circularity (30%) – reduced need for virgin raw materials. Waste & water (10%) – avoided hazardous waste and ecosystem pressure.
What this changes
For us (as investors): We identify and scale businesses where total value is systematically underpriced. We allocate capital based on full value creation, not just financial returns.
For our portfolio companies
They move from selling cost savings to selling total value creation. They can quantify and communicate impact in financial terms to their customers. This shifts the conversation — from “Is this worth it?” to “Why isn’t this already standard?”.