Green Deal Fund (GDF)
From the point of view of EU´s climate aims, it is important to invest in technologies that reduce the lifecycle carbon footprint. Only a few private equity funds in the EU focus on carbon neutrality based on lifecycle thinking, especially in investments related to critical materials. Consequently, there is a paramount market need for a fund that addresses this topic.
The Green Deal Fund concept (GDF), which is to be managed by Teknoventure Capital, aims to provide solutions to supply chains of critical raw materials and technologies related to them. The mission of the GDF is:
- invest in companies that support European technologies in the mining sector;
- invest in technologies that reduce the carbon footprint and achieve EU’s carbon neutrality objectives for the entire product life cycle; and
- promote electrification of the investee companies’ operations away from hydrocarbon sources of energy to further improves their sustainability
- invest in companies that follow the EU level taxonomy and biodiversity loss requirements.
The geographic focus of the fund is Finland, Sweden, Germany, the broader Nordic Countries and the wider EU region. By investing in EU projects, the Fund will provide solutions to supply chain problems across the EU and, at the same time, investments will ensure conformity to the highest Environment, Social and Governance (“ESG”) values. The investment activities of the Fund aim to ensure the availability of critical raw materials for the EU and support the EU’s sustainability goals for 2030 and beyond. Simultaneously, the fund supports the sustainable development targets for the year 2030 and the EU´s taxonomy and biodiversity loss requirements will form the cornerstone of investments.