How Balderton engages portfolio companies on ESG and carbon measurements

Balderton engages portfolio companies on ESG and carbon measurements

Balderton capital's logo
Balderton is a leading venture capital investor backing European-founded technology companies.
65 employees
Venture capital firm
Balderton team photo


active portfolio companies


of its carbon footprint comes from investments (Scope 3)


emission scopes measured in Sweep

05 July 2023


Balderton is Europe’s leading venture capital investor, backing European-founded technology companies from seed to growth stages. Conscious of the transition towards the low-carbon economy, they want to take responsibility for managing its footprint and contribute to reaching our global net-zero targets. 

In 2020, Balderton defined a set of values and Sustainable Future Goals (SFGs), which were informed by the UN’s 17 Sustainable Development Goals (SDGs). The firm decided to track and grow its positive impact across internal operations, portfolio companies, and investment decision-making. This includes initiatives such as diversity & inclusion practices, a startup guide to ESG, and carbon emission management. Since 2023, Balderton has been using Sweep to measure and take action on its portfolio’s footprint.

Not only is accurate measurement and reporting essential to building our own strategy, but it’s also increasingly important from a regulatory perspective – particularly for our own investors, some of whom fall in the scope of key climate regulations.

Elodie Broad

Head of Impact & ESG at Balderton


When it comes to carbon footprinting, asset managers face a lengthy data collection exercise. Since the vast majority of their footprint comes from investments, they need to collect and track the emission data of each investee. In the case of Balderton, that means engaging over 115 companies of different sizes, industries, and at different stages of growth. 

This calls for a tailored approach to measurement. Indeed, the carbon emissions of neobank Revolut require a different set of emission factors from vertical farming startup Infarm for instance. It’s also important to account for team sizes and company stages: Smaller companies have limited resources – staff, time, and education – to learn and report carbon and ESG data.

While an inaugural carbon assessment may not take advantage of all the Sweep platform capabilities, we know that the platform will support our needs as we mature our carbon footprinting approach and support our portfolio companies on their climate journeys.

Elodie Broad

Head of Impact & ESG at Balderton


To successfully achieve its Sustainable Future Goals, Balderton realized that relying on technology to streamline data management and carbon literacy across its portfolio was key. On top of having its corporate and portfolio emissions all in one place, using Sweep for Finance contributed to progress in the following areas: 

  • Defining the scope of emissions: The first year requires some heavy lifting in terms of defining a fund’s emission boundaries, materiality, and emission factors. Balderton leveraged Sweep’s Organize module to map out and track in-real time all its emissions. 
  • Comprehensive portfolio engagement: Balderton uses Sweep’s surveys to collect and track its carbon footprint across its investment portfolio. After an introductory webinar about the fundamental carbon accounting and the Sweep’s platform, investees received customizable surveys, automatically connecting their emission data to Barderton’s. 

  • Meeting carbon and ESG reporting requirements: With Sweep’s customizable dashboards, Balderton can report carbon and ESG data in accordance with LP and regulatory sustainability reporting expectations. 

Our portfolio companies find Sweep’s surveys much more engaging than the typical spreadsheets or Google forms. The portfolio ESG surveys are fully customizable, but can also be built off existing templates aligned with different sustainability reporting regimes (SFDR) or ESG data initiatives (EDCI).

Elodie Broad

Head of Impact & ESG at Balderton

Ready to get your carbon on-track?

Book a demo

Key features

Fully customizable analytics

Sweep app: charts settings

With custom dashboards, you can display your carbon data exactly how you want it.

Measure collaboratively

Sweep app: Share survey

Send surveys directly to anyone – whether in your company or beyond - letting you get data from lots of people at once.

Streamline data collection and reporting

Sweep app: Compliance status

Automate and centralize data collection across your organization and generate reports in just a few steps.

All Sweep features

More customers stories

How SSE got audit-ready with Sweep
Qwetch: “With Sweep’s platform, we have cut the time to calculate our annual carbon footprint from six months to one week”
ManoMano: “With Sweep we can monitor our carbon footprint and take corrective action. As an online marketplace, we're then in a position to drive thousands of sellers to more sustainable practices”

Track, report and act

Sweep helps you get your carbon on-track

Sign up to The Cleanup, our monthly climate newsletter