Industry Initiatives
Principles for Responsible Investment (“PRI”) is global organisation, set up with the United Nations (“UN”) and the world’s largest institutional investors in 2006, and which maintains connections with the UN Environmental Programme Finance Initiative and UN Global Compact. The PRI publishes a set of principles intended to act as a guide for investors to integrate environmental, social and governance factors into their investment practices. Nordic Capital is a signatory to the PRI. Signatories publicly commit to adopt and implement those principles, which include reporting on activities and progress towards implementing the principles, consistent with their fiduciary responsibilities. For further information about the PRI, see https://www.unpri.org/about-PRI (.) For details of signatories and other supporters, see https://www.unpri.org/supporters (.)
Level 20 is a private markets industry initiative with a mission to increase the representation of senior women, particularly in investment roles. Level 20 brings together women working in private equity, enabling them to build their network and find support, mentorship and role models, including from men in the industry. For further information, see https://www.level20.org/who-we-are/ (.)
The Swedish Private Equity & Venture Capital Association (“SVCA”) is an independent, not-for-profit industry body for firms and individuals active in the Swedish private equity sector, and includes buyouts, venture capital, business angels, and business angel networks. Founded in 1985, SVCA seeks to improve how the private equity market in Sweden functions and to increase knowledge and understanding of the private equity market among the general public. For further information, see https://www.svca.se/info-in-english/ (.)
Initiative Climat International (“iCI”) is a global initiative of private equity firms, membership of which reflects a participant’s commitment to secure sustainable investment performance by recognising and incorporating the materiality of climate risk, and by seeking to reduce the carbon emissions of private market backed companies where appropriate, including by analysing and managing climate-related financial risk and emissions in their portfolios, in line with the recommendations of the Taskforce on Climate-related Financial Disclosures, subject to any client mandate and any legal, regulatory, fiduciary or other applicable professional obligations. For further information, see https://collaborate.unpri.org/group/761/about (.)
The ESG Data Convergence Initiative (“EDCI”) is a global private market initiative seeking to drive convergence around a standardized set of sustainability metrics alongside a mechanism for comparative reporting. Nordic Capital is a general partner (“GP”) member of EDCI. To participate, GPs agree to determine funds that will take part in the initiative; on a best-efforts basis, track EDCI metrics, with an emphasis on core metrics; abide by the EDCI Metrics Guidance to the extent possible and explain deviations; as requested, provide EDCI data to LPs, preferably using the data sharing functionality on the EDCI portal, or related template; submit data to the EDCI for participating portfolio companies by April 30 each year; be publicly associated with the initiative; paying the fee corresponding to their membership tier. For further information, see https://www.esgdc.org/about-us/ (.) For the EDCI Metrics Guidance, see https://www.esgdc.org/metrics/#metrics-guidance (.)
Invest Europe is an industry association that represents Europe’s private equity, venture capital and infrastructure investment firms, as well as their investors, with the aim of promoting a better understanding of private equity that enables our members to invest capital and expertise into improving businesses and generating returns for investors. For further information, see https://www.investeurope.eu/about-us/ (.)
UK Private Capital (“UKPC”, formerly the British Private Equity and Venture Capital Association or “BVCA”) is the association of the UK private capital industry. UKPC advocates on behalf of private equity, venture capital and private credit industry in relation to the role played by private capital in business growth, transformation and innovation across the UK. For further information, see https://www.ukprivatecapital.co.uk/about-us.html (.)
The Science Based Targets initiative (“SBTi”) is a non-governmental organisation that develops standards, tools and guidance to assist companies to set greenhouse gas emissions reductions targets and provides validation services. The SBTi maintains a database or “dashboard” of corporate commitments to, and targets for, greenhouse gas emissions reductions and publishes and maintains a “Corporate Net-Zero Standard”. Nordic Capital has set, and had validated, targets of (a) maintaining zero absolute scope 1 GHG emissions, (b) reducing absolute scope 2 GHG emissions 42% by 2030 from a 2022 base year (target boundary includes land-related emissions and removals from bioenergy feedstocks) and (c) 33.4% of its eligible private equity and listed equity portfolio by invested capital (covering 89% of its total investment and lending by invested capital as of 2022) setting SBTi validated targets by 2028 from a 2022 base year. For further information about the SBTi, see https://sciencebasedtargets.org/about-us (.) For the target dashboard, see https://sciencebasedtargets.org/target-dashboard (.) For further information about the Corporate Net-Zero Standard, see https://sciencebasedtargets.org/corporate-net-zero-standard-v2 (.)
Awards
RealDeals Private Equity Awards are promoted by Real Deals Media Limited (“Real Deals”), a publisher focused on European midmarket private equity transactions and fundraising. The “ESG Champion of the Year” award recognises a firm's commitment to best practice in environmental, social and governance standards. Judges will look at how environmental, social and governance factors are integrated into the firm's investment strategy, how environmental, social and governance data is collected, and how the firm's policies stand out from its peers. All categories are open for entry and no fees are payable. Entrants should be headquartered, or have significant local operations, in Europe. Entries are reviewed by the Real Deals editorial team, who identify a shortlist for each category. Shortlisted entries are shared with a panel of judges comprised of senior representatives from leading LPs and PE firms. Judges score all entries online before meeting in person for final deliberations. Nordic Capital was awarded the “ESG Champion of the Year – Large-Cap” award on 18 April 2024. For further information about the awards, see https://privateequityawards.com/live/en/page/home (.)
The Future 40: ESG Innovators (now known as RealDeals Midmarket Future Leaders) is a list of European midmarket private equity participants compiled by Real Deals in association with one or more third parties. In 2023, the list compiled in association with Private Equity Recruitment Ltd (“PER”) sought to showcase alternative fund managers and advisers transforming the investment industry’s approach to environmental, social and governance matters. Entries were reviewed by a panel of industry specialists, who paid particular attention to the innovation displayed by the firms and individuals across several key areas, including implementation in both the portfolio and the organisation itself, reporting and wider stakeholder engagement. Nordic Capital was recognised for its comprehensive training program and data-driven approach. For further information regarding the 2023 list see https://per-people.com/insights/149/the-future-40:-esg-innovators-in-partnership-with-real-deals- (.) For further information about RealDeal Midmarket Future Leaders, see https://realdealsfuture40.com/live/en/page/home (.)
PrivateEquityWire® European Awards are promoted by Global Fund Media Limited, the publisher of PrivateEquityWire, a publication covering private capital markets worldwide. The awards aim to recognise excellence among private equity fund managers and service providers in Europe. All categories are open for entry and no fees are payable. Nordic Capital was awarded the “Corporate Sustainability Strategy of the Year: Firm-wide” award on 12 February 2026. For further information, see https://awards.privateequitywire.co.uk/eu-awards-2026 (.)
