The Challenge
Two investment firms, Kartesia and Candriam, wished to perform an in-debt due diligence assessment. The assessment’s goal was to gain insights in the potential investment’s environmental performance, instead of only the risk assessment allowed by conventional ESG assessments and ratings.
The approach
We’ve assessed the complete Organisational Environmental Footprint of ADL BioPharma. This CDMO provider develops and manufactures product for the food-, cosmetics-, and pharmaceutical industry. The assessment was performed in four weeks, a company record, in the context of a due diligence assessment for an impact investing portfolio and the SFDR.
The result
The result was a full organisational life cycle assessment, identifying ADL’s current environmental performance across a wide range of impact categories such as global warming potential, impact on different water bodies, soil quality, biodiversity indicators, and human health.
In addition, the assessment allowed Hedgehog to consult on ‘low-hanging fruit measures’. Quick environmental gains with a relative low investment and high pay-off on environmental performance before the investment actually took place.
