Atomico, a European venture capital firm investing in innovative global technology companies, has achieved certification to The Planet Mark.
This is Atomico’s first year of business carbon footprint reporting and certification to The Planet Mark. They first calculated the carbon footprint of their offices in London for the year ending March 2020 and set a target to reduce emissions by 5% annually.
Atomico’s total carbon footprint for the year ending March 2020 was 218.7 tCO2e and the relative carbon footprint was 4.4 tCO2e per employee.
If Atomico is able to achieve their emissions reduction target they will save as much carbon as 14 acres of forest capture in one year.
Steve Malkin, Founder and CEO of The Planet Mark, commented: “I am delighted to welcome Atomico to The Planet Mark’s community of forward-thinking businesses. As the world races to find novel solutions to our changing climate, venture capital is an industry ripe for sustainable change. I am glad companies like Atomico are seeing the opportunity in committing to reducing its own emissions. Change must come from within, and business leaders must act boldly with their commitments, as Atomico has done. I applaud the team for rising to the challenge of cutting emissions and look forward to seeing future results.”
Atomico undertakes several measures beyond the commitment to reduce their carbon emissions. Atomico V, a new investment opportunity at the firm, allows investors to partner with ambitious founders who deliver positive, transformational change, including in the environmental space. Through its Conscious Scaling programme, the firm has developed an open-sourced framework for founders to consider all stakeholders by identifying and mitigating long-term risks associated with a business model and its impact on society or the environment. Atomico has also committed to protect one acre of vulnerable rainforest through a collaboration with conservation charity Cool Earth.
Sustainable finance is a growing market and represents a large commercial opportunity as well as a chance to act positively for the planet. But if financial and investment companies are to make positive change, this change must start within the business. Demonstrating one’s own environmental credentials is an integral part to a mature sustainability offering for customers, and evidences knowledge and authority in the market of sustainable investment. To properly engage with this emerging market, companies working in finance must establish a rigorous sustainability and carbon reduction policy.
CERTIFIED YEAR 1
This is to certify that Atomico has achieved a reduction in its carbon footprint and is committed to continous improvement in sustainability.
Valid to 30 June 2021
Sir Tim Smit KBE
4.4 tCO2e carbon footprint per employee
218.7 tCO2e total carbon footprint
We are committed to reducing our carbon emmissions yearly so that together, we can all halt climate change
60 FTE employees
We engage our employees and wider stakeholders to unlock their talent and knowledge to drive year on year progress in sustainability.
We recognise that transparent communication is essential for transformational change and we quantifiably report on
6 SUSTAINABLE DEVELOPMENT GOALS