VC Sustainability Clause

What if every startup that searches for growth capital would be encouraged to take their environmental impact into account from day one? Together with leading VCs, we made that happen.

Planting a green seed in every VC-funded startup

A commitment from day 1

Together with our members from the Venture Capital industry, we came up with the idea to integrate our Green Pledge into something that we called “The Sustainability Clause”. A clause that becomes a standard for every term sheet & SHA of leading venture capital firms and that commits all VC-funded companies towards more climate protection. 

Creating a wider impact on climate consciousness

A sustainable orientation from the very beginning will have a decisive influence on our common chance to get the climate crisis under control. 

Martin Weber, Partner at Holtzbrinck

The clause will be integrated into both term sheets and shareholder agreements. As a result, companies will commit themselves to measuring their CO₂ emissions and working on reduction measures. These include, for example, the adjustment of travel guidelines or the switch to a green electricity provider. In addition, offsetting emissions by investing the equivalent amount in a climate protection project will be part of the budget planning.

In December 2019, the first agreements with the implemented sustainability clause were signed. Awareness of the issue regarding climate protection and CO₂ emissions is essential if continuous economic activity is to go hand in hand with sustainability.

VC Firms

Leading VC firms who use the clause

Project A
Northzone
Earlybird
GFC
Acton
btov
Picus
HV
Cherry
Target Partners
WestTech Ventures
Atlantic Labs
Vito Ventures
Unternehmertum Venture
Redstone
Senovo
Rheingau Founders
Tengelmann Ventures
Paua Ventures
Dieter von Holtzbrinck Ventures GmbH
Ananda Ventures
Grazia Equity
Berlin Ventures
June
Press

What the media wrote about it