Our Forward 2023 impact report is live!

Rockstart’s inaugural Forward report, launched last year, marked our first step towards greater accountability. Our goal was not only to align ourselves with the best industry practices but also to push the meter forward in responsible and sustainable investing. 

The Forward 2023 report takes a look at our results from last year, establishing meaningful benchmarks, evaluating our impact, and ensuring alignment between our actions and our words. Purpose-driven founders transform industries, spark tangible change, and contribute to a more sustainable future. It’s our job to empower them as they drive progress forward. Read through the highlights from Forward 2023 below and find the full report here. 

Our sustainability commitments at Rockstart focus on investing in and scaling up startups. We employ a domain investment strategy, concentrating on three sectors across four funds: AgriFood I and II, Energy, and Emerging Tech. Central to our investment philosophy is assessing the social and environmental impacts of the startups we work with. Each of our funds is strategically aligned with specific United Nations Sustainable Development Goals (SDGs). 

Rockstart is structured around several sustainability commitments that inform our operations from the top down. We aim to:

  • Mitigate and adapt to climate change
  • Future-proof society
  • Accelerate founders’ preparedness and speed to scale sustainability 

These commitments inform how we invest and why achieving compliance with Article 8 of the EU Sustainable Finance Disclosure Regulation (SFDR) has been such a crucial goal for us. It led us to reexamine our investment practices, making sustainability a priority across all aspects of our operations. We refined our Investment Playbook, introduced annual reporting for portfolio companies, and provided Environmental, Social, and Governance (ESG) training to colleagues and founders alike. In 2023, our hard work paid off – we are proud to have achieved Article 8 status. 

Our purpose-driven founders made this possible. 87% of our Pre-Seed and Seed startups that participated in the 2023 sustainability surveys were able to provide data showing their commitment to sustainability. 

Here’s a snapshot of our impact-driven portfolio*:

  • 92% of our investments are in activities with the potential to contribute to climate change adaptation.
  • 63% of our investments are in activities with the potential to contribute to climate change mitigation.
  • 41% of startups measure their GHG emissions or plan to start doing so in the next year.
  • 100% of startups are not active in the fossil fuel sector.
  • No startups report having an impact on biodiversity-protected areas, water emissions, or the generation of hazardous waste, including radioactive waste.

Download the Forward 2023 impact report to see the full picture.

 

*Data collected from startups that participated in the sustainability surveys and do not reflect the full Rockstart portfolio.