Norvestor: Best Sustainable Equity Investor Nordics 2024

Norvestor is a leader in sustainable investing, underpinned by three cornerstone principles: integrating ESG into the investment process, promoting sustainable business practices, and investing in companies that offer innovative solutions to global challenges. Norvestor embeds ESG into every aspect of the investment process, identifying risks and opportunities. Its extensive due diligence process emphasises compliance, governance, and risk management. Norvestor’s new Head of Sustainability is committed to providing strategic direction, ensuring compliance, and collaborating closely with portfolio companies. Norvestor’s commitment to sustainability is evident in its achievements over the past year, including the implementation of a global ESG platform to manage sustainability data, its improvement in CO2 reporting, and support for all portfolio companies to report full Scope 3 emissions. The firm consistently monitors KPIs, with 83 percent of boards now including female directors. Governance policies have been fully integrated into the requirements for all portfolio companies. Norvestor has delivered impressive results through Fund VIII, with an average gross multiple of 2.32x and an IRR of 42 percent (Q1 2024). The firm successfully closed Fund IX at EUR 1.5 bn, comfortably exceeding its target, and has already made four strategic acquisitions in leading enterprises. An ESG summit is planned to foster stronger CFO involvement, coaching, and mentoring. With a disciplined focus on ESG, Norvestor drives impactful change in its portfolio companies, ensuring that sustainable practices are fully integrated. The CFI.co Judging Panel congratulates Norvestor on winning the 2024 award Best Sustainable Equity Investor (Nordics).