True North recognizes that risks arising out of climate change are real and imminent. Therefore, the endeavour and commitment is to both – work towards reducing the carbon footprint of our operations and our partner companies. This also includes making our partner companies’ businesses climate risk resilient.
In that endeavour, to set the right precedent, True North has estimated the carbon footprint/inventory of its operations since inception, with the help of PwC. It has taken steps to offset them through carbon credits from projects that serve multiple UNSDGs.
True North has thus become carbon neutral in its operations since its inception.
We said that we will do this by partnering with entrepreneurs and business leaders, who are on the journey of creating conscious and high performing businesses. Towards this objective, it was imperative that we not only have the right intent but also sharply measure if we are truly living by the “right” environmental, social, and corporate governance (ESG) principles. Hence, being formally admitted as a signatory of the United Nations-supported Principles for Responsible Investment (PRI) is a very important milestone in our journey.
Managing Partner, True North