FuturePlus Becomes Strategic Sustainability Partner to Sustainable Ventures
Sustainability management and ESG reporting platform FuturePlus has entered into a strategic partnership with Sustainable Ventures, Europe's premier climate tech hub.
Sustainable Ventures supports climate startups and entrepreneurs across the UK by providing investment, workspaces, and venture support. It boasts a portfolio that includes more than 100 companies in its workspace and over 500 in its broader ecosystem, featuring notable firms such as RovCo, a subsea robotics and survey solutions provider valued at $100 million, Notpla, an Earthshot-winning sustainable packaging company, and ENSO, an innovator in reduced-pollution tyre production.
This partnership marks a significant step in FuturePlus’ growth, offering Sustainable Ventures and its portfolio companies access to the FuturePlus platform to enhance their sustainability performance tracking, measurement, and management.
The FuturePlus platform provides a comprehensive suite of tools, including measurement and management tools, a dashboard, a sustainability roadmap, automated sustainability reporting, and continuous support from a dedicated team of expert advisors.
Additionally, FuturePlus will offer tailored consultation to the Sustainable Ventures ecosystem through ESG support webinars, lunch-and-learn sessions, and sustainability clinics. These initiatives are designed to help companies navigate the opportunities and regulatory landscapes associated with sustainability.
FuturePlus is distinguished by its commitment to making sustainability and ESG management and reporting both accessible and practical for all businesses and investors. The platform's assessment tools are straightforward yet rigorous, aligning with the United Nations Sustainable Development Goals and built upon recognised sustainability standards, ESG certification indexes, and industry frameworks.
Sustainable Ventures will initiate this partnership by conducting the FuturePlus assessment within its own operations, setting a precedent for sustainability and social impact reporting. It will also use the platform to report its sustainability progress to stakeholders, including Barclays Sustainable Impact Capital.
Recognising the critical role that early-stage climate tech startups play in driving a sustainable future, Sustainable Ventures emphasises the importance of effectively managing and demonstrating their environmental and social impacts. By tracking sustainability performance with comparable metrics, these companies can showcase their dedication to sustainability and explore areas for further innovation and improvement, aligning with Sustainable Ventures' core values and enhancing the long-term success of its ecosystem.
Mike Penrose, Co-Founder and Partner, FuturePlus, comments: “We’ve been extremely impressed by Sustainable Ventures’ deep commitment to the improvement of its own sustainability and that of its ecosystem, and it's a real honour to have been selected to support them in this mission. Through this partnership, our aim is to empower businesses within the Sustainable Ventures ecosystem to navigate their sustainability journey with purpose and clarity, emphasising not just current performance but a steadfast commitment to their ambition and the future of their operations.”
Since 2011, Sustainable Ventures has launched over 500 startups – ranging from agritech to electric car charging – and has created 5,500+ jobs. 65% of Sustainable Ventures’ investments have gone to startups with female or underrepresented co-founders – a figure it plans to continue to grow.
Andrew Wordsworth, co-founder and Managing Partner, Sustainable Ventures says: “For over a decade we’ve supported hundreds of innovators to go further and faster on their mission to overcome climate change. This partnership with FuturePlus is incredibly important for Sustainable Ventures and the companies in our ecosystem to achieve our mission. By being able to track and understand our sustainability performance and growth, we can further accelerate the transition to a net zero economy.”