BlackPeak Capital private equity firm dedicated to investing in the growth of Southeast Europe.
BlackPeak’s website is powered by renewable energy, verified by The Green Web Foundation.
Selected climate-related investments
has helped
120+
300
companies and municipalities save
GWh of energy
30,000
t/y of CO2 emissions
produces high-quality meat and fish alternative products, that need
87%
90%
less water
less CO2
for production compared to the traditional meat industry
OUR APROACH TO ESG(E)
BlackPeak Capital aims to minimize its environmental impact while operating according to the highest social, ethical, and governance standards. We are also encouraging our portfolio companies to do the same and supporting them in measuring and reducing their carbon footprint.
E
We have a dedicated in-house ESG Director, developed an ESG strategy and work to promote science-based approach to Greenhouse gas emission (GHG) measurement and reduction throughout BlackPeak and our portfolio.
S
G
We strive to create workplaces and decent economic opportunities in the SEE region, while at the same time encouraging our portfolio companies to promote inclusivity and equality within their teams.
We are developing mechanisms for effective corporate governance and support our portfolio companies to implement them.
E
(economic)
€150 mn+
5
Debt and equity deployed
New manufacturing facilities
2,000+
Jobs created
1
US Patent
OUR INVESTMENT PROCESS
Our process
BPC exclusion list
ESG Due Diligence
(developing action plan if needed)
ESG onboarding
session for portfolio company founders
Appointing ESG officers in portfolio companies and onboarding them
Data collection.
Assessment. Goal setting
Implementation.
Reporting. Communication.
Prior investment
Investment
Exit
OUR APPROACH TO NET ZERO
Reporting principles: relevance, completeness, consistency, transparency, and accuracy
Assess materiality.
Measure GHG emissions
Track progress & communicate
Emission offsetting
Set relevant science-based goals
Make an action plan for GHG emissions reduction
Start implementing:
Reduction
We are currently in the process of measuring the GHG emissions of BlackPeak Capital with Wind of Change under the Bilan Carbone methodology.
Information about BlackPeak Capital and portfolio companies from BlackPeak Southeast Europe Growth Equity Fund (BPC II) will be published on our website within BlackPeak Capital's ESG report.
BlackPeak Capital ESG performance overview 2023
Environment
ESG onboarding program for PCs
GHG emissions monitoring
ESG policy
Green hosting
Energy
Resource Efficiency
Measured Scopes 1 ,2 and 3 GHG emissions for 2022. 2023 is in progress
The company follows an internal environmental policy, approved by the Managing Partners. It’s part of the company’s ESMS
BPC has developed an internal ESG onboarding program for PCs, supporting them build a roadmap for better ESG management
LEED platinum v4 building
100% renewable energy in our office space
Company’s website certified for using green hosting
Onsite recycling
Onsite water filtration systems instead of bottled water
Paper reduction policy (incl. digital business cards)
Equipped kitchen space with reusable cutlery. Single-use plastic ban.
Social
Human rights &
non-discrimination
Diversity & inclusion
Training opportunities
No Child Labour
Upward feedback
Human rights, non-discrimination and non-harassment clauses are integral part of DEI policy
Internal Diversity, Equity, and Inclusivity (DEI) policy
Gender balanced team. 46% of our workforce is comprised of females.
Training opportunities for every team member. 100% of team members have undergone at least one company funded training.
Zero tolerance for child or slavery labour equivalents. An integral part of Shareholders agreements
Team members are undergoing interviews, and their anonymous feedback is being shared with Managing Partners.
Governance
Responsible investment
Economic Impact
ABC
ESG Due Dilligence
ESG Governance
Transparency
BlackPeak Southeast Europe Growth Equity Fund has an extensive ESG exclusion list combining IFCs and EBRDs exclusion lists.
We perform due diligence on potential environmental, social, or governance risks before every investment.
100% of our PCs have an internal ESG officer
Anti-bribery and Corruption (ABC) clauses are integral part of Shareholder’s agreements
We have published a dedicated ESG section on BPC official website. It is presenting our approach to responsible investment, Net Zero; Diversity, Equity, and Inclusion (DEI), Corporate Governance.
Enabling SMEs from South and Eastern Europe to enter international markets. Partner with industry associations like BESCO to improve the entrepreneurial environment
ESG is not only incorporated into every step of our investment process, but it is also integrated into our everyday operations.
With a commitment to nature and environmental sustainability the BBC Tower has been designed to improve sustainability and reduce energy consumption by introducing the latest technologies and innovations in lighting, electrical systems, HVAC systems, and building façades.
Furthermore, we have seamlessly incorporated on-site recycling initiatives and have also integrated a state-of-the-art water filtration system within our premises.
We operate in a LEED Platinum v.4 building powered by 100% renewable energy.
OPERATIONS
Photo: BBC Tower
Photo: Nikki Candelero
DIVERSITY, EQUITY AND INCLUSION (DEI)
We prioritize the establishment of an inclusive workplace that ardently pursues equality and inclusion objectives throughout our offices and portfolio companies. To achieve this, we strive to cultivate a supportive, non-discriminatory, and respectful corporate culture and environment.
Diversity and Equal Opportunities
BlackPeak Capital is committed to ensuring equal opportunities throughout all its locations and hierarchies, both internally and within our portfolio companies. Our remuneration schemes and bonuses are designed to be unbiased and gender-neutral, solely recognizing merit and performance. We are proud to provide equal access to promotion opportunities for all BlackPeak Capital employees and consultants.
Inclusive corporate culture
The inclusive corporate culture at BlackPeak Capital emphasizes the importance of integrity, respect, and tolerance among all our staff members, promoting the highest standards of professionalism in the workplace. Moreover, BlackPeak Capital holds the same ethical expectations for the staff and management of its portfolio companies, both internally and externally.
We firmly reject any form of discriminatory, disrespectful, or degrading behavior towards our staff members, representatives of portfolio companies, investors, or other counterparties.
ESG POLICY, REPORTING AND NEXT STEPS
Registration: BlackPeak Southeast Europe Growth Equity Fund is registered under art. 6 of Sustainable Finance Disclosure Regulation (SFDR) - the default classification for funds without specific ESG focus.
Policy: BlackPeak Capital’s ESG policy approved by Managing Partners is publicly available on our website.
Disclosures: The company is currently reporting to IFC on an annual basis, following 8 performance standards.
In addition to that BlackPeak Capital voluntarily monitors and discloses company's ESG performance and works to improve it.
Please find BlackPeak’s ESG report for 2023 in the section above.
Get in Touch
BlackPeak Capital
www.blackpeak-capital.com
4 Mihail Tenev Str., Fl. 19, Sofia, Bulgaria
