Abris Capital publishes ESG Report 2023

ESG transformation specialist launches its latest annual report, focusing on using data to demonstrate the positive correlation between sustainability and financial performance.

22 April 2024, Warsaw – Abris Capital Partners (“Abris”), the ESG transformation specialist private equity investor, has today published its latest annual ESG Report, which gives a preview of the firm’s new flagship sustainability strategy, to be launched later this year. The report, now in its sixth year, also looks at Abris’ proprietary ESG-enabled EBITDA reporting methodology and details the firm’s progress on carbon footprint reduction, which has seen its portfolio reduce CO2 emissions by 38.8% per million euros of revenue over the past year.

Paweł Gierynski, Managing Partner at Abris Capital, commented:
“Our annual ESG reports are an important opportunity to reflect on the progress we have made, learn from our experiences and set out new priorities for the coming years. This year’s report is particularly significant, as we launch our ESG Universe 2026 strategy and use data to showcase how our ESG efforts are having a strong positive impact on financial performance. I am enormously grateful to our dedicated ESG team, who continue to set the highest standards in the region and deliver for all our stakeholders.”

Abris’ ESG Report 2023 details the launch of the third edition of the firm’s ESG Universe strategy. Over the past six years, Abris has implemented the first two iterations, which have focused on building an ESG framework integrated into the investment process, education, impact measurement and reporting. The third version, ESG Universe 2026, now addresses data, seeking to establish a correlation between ESG and financial performance through a unique methodology for calculating ESG-enabled EBITDA across all portfolio companies.

In addition to directing the internal focus towards data-driven methodologies and targets, ESG Universe 2026 will also enhance portfolio strategies with innovative sustainability opportunities, strengthen portfolio and fund ESG reporting, and support portfolio teams with ESG knowledge sharing and promotion of best practices through the Abris ESG Academy. In addition, Abris will continue to promote ESG best practice standards in Central Europe and across the continent through its involvement in committees at industry bodies Invest Europe and Sustainable Investment Forum Poland (POLSIF) and via the B Corp network – the most prestigious, globally recognized ESG certification for businesses, which Abris joined last year.

Robert Sroka, Partner at Abris, commented:
“Establishing a link between ESG initiatives and financial performance is a crucial step to demonstrating just how important sustainability should be for all investors. As part of the preparation for ESG Universe 2026, we conducted a case study at portfolio company Alsendo, a Polish logistics business. Alongside the rapid expansion of the business, through both organic growth and M&A, Alsendo has successfully embarked on a comprehensive ESG transformation journey over recent years. Calculations showed that in 2022, ESG initiatives underwrote approximately 23% of the company’s EBITDA.”

Abris’ ESG Report 2023 also looks in depth at the firm’s DEI Code, launched last year – which aims to assist in building value for Abris and its portfolio companies through best practice in diversity, equity and inclusion – and covers “DEI Talks”, a series of seven educational films produced with the Diversity, Equity & Inclusion Alliance to serve as an inspiration for the portfolio companies, leaders, employees and the wider ecosystem. Finally, it provides a full update on ESG metrics across the Abris portfolio, for the first time including quantitative data on emissions, energy consumption, diversity, and health and safety.

To download Abris’ ESG Report 2023, click here.