23 January 2023
HPE Growth is awarded the B Corp Certified status becoming one of the first certified Pan-European technology growth investors
JANUARY 23, 2022 – HPE Growth proudly announces that, as of December 2022, it is officially B Corp Certified. Our firm joins only a handful of B Corp businesses investing in European technology in mid-market growth.
In Europe, only ~2% of B Corp recipients are investing in developed equity markets, and HPE Growth is one of the first fund managers focused on pan-European technology growth investments to earn this designation.
Certified B Corporations™ (B Corp™) are businesses that meet the highest standards of verified social and environmental performance, public transparency, and legal accountability to balance profit and purpose. B Corps are accelerating a global culture shift to redefine success in business and build a more inclusive and sustainable economy. B Lab currently endorses over 1,400 European companies meeting their set standards. HPE Growth proudly joins this group and aims to further build businesses as a force for good.
“We look to the future with a positive outlook and are more than pleased to share this great achievement with our community, specifically as digital technology continues to gain momentum”, said Ayoni Guda, Head of ESG.
Earning a B Corp Certification is an important step in HPE’s ongoing efforts to balance profit and purpose with a verified and trusted standard. Obtaining this certification is not only our team’s achievement, but a declaration of our intent and commitment to be a growth investor who seeks to secure sustainable returns for the good of all stakeholders. HPE Growth believes in the power of digital technology, with the objective to scale technology’s contribution to solving current environmental and social issues.
In our effort to make sustainability part of our business approach, HPE’s focus on ESG practices has increasingly become a core part of our culture and growth framework. As a trusted partner and active supporter of our portfolio companies, HPE has made significant steps by incorporating sustainability in our investment processes, by adjusting our target pipeline, and by initiating and supporting environmental, social and governance initiatives in our partner portfolio companies with an aim towards sustainable growth. While becoming B Corp has reaffirmed our conviction that HPE Growth is heading in the right direction, it is only the beginning of a journey. We are committed to taking further steps in a process of continuous sustainable improvements.
“Our dedicated team will continue to seek innovative investment initiatives as part of our commitment to incorporate a sustainable business approach to create a positive impact on both people and our planet.”
– Tim van Delden, Managing Partner
“We believe that a sustainable growth approach is not only an important part of the solution to some of the world’s most pressing issues, but it is also the key to a strong risk-adjusted return on investment for our investors and all their stakeholders.”
– Manfred Krikke, Managing Partner