09 Dec 2024
EIC Board publishes recommendations on environmental, social and governance policy
The European Innovation Council (EIC) Board has published its recommendations on environmental, social and governance (ESG) policy, outlining a strategic approach to responsible deep tech innovation. ESG considerations have gained significant importance in the venture capital (VC) landscape. The Board considers that the EIC, as one of the EU’s largest deep tech investors, should use its position to play a catalyst role within the European VC market ecosystem in the integration of ESG in the deep tech sector, and help align and simplify reporting requirements for early-stage companies.
The Board’s key recommendations include:
- The EIC should take a leading role in promoting responsible deep tech innovation, using its position to catalyse the integration of ESG principles within the deep tech sector.
- The EIC should play a catalyst role in aligning reporting requirements for early-stage companies, making it easier for them to adopt ESG practices and ensure transparency.
- A comprehensive ESG policy will enhance the EIC's reputation as a leader in responsible deep tech innovation, attracting capital from like-minded investors and stakeholders.
- By incorporating ESG principles into its investments, the EIC will ensure that its portfolio companies are resilient and future-proof, securing long-term value and success.