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Excellence in Impact

Recognising outstanding commitment to responsible investment
Impact investment is on the rise. A host of factors centred around the need to address global environmental and social issues such as climate change, biodiversity decline and demographic changes, as well as an increased focus on ESG more generally, is resulting in a higher demand for investment in mission-led companies focused on people and planet, as well as profit.

In 2023, the BVCA introduced the ‘Excellence in Impact’ awards to celebrate our members’ commitment to making an environmental and social impact, alongside making financial returns. This aims to showcase best practice in impact investing, alongside the environmental and social solutions our members are facilitating through their portfolio companies. This is now an ongoing part of the annual BVCA Summit, which takes place on 12 September 2024.

Submit your nomination
"I was dazzled by the quality and number of submissions for the first year of these awards and I am excited to see where these awards will go in its next chapter."Sarah Teacher, Impact Investing Institute


Submission guidance

The judges will be looking for intention of creating and evidence of achieving positive environmental and/or social impact alongside financial return. Submissions should be able to demonstrate good impact practices for measuring, managing, and reporting impact, with a focus on continuous improvement. The judges recommend you give details of the development or engagement which has taken place, covering how and why your firm has acted, and what the outcome has been. The judges will be looking for a clear explanation of the rationale, commitment to impact, linkage to investment strategy, and why the outcome has been positive. Please provide clear examples to evidence your submission.

The submission should be 500-750 words and can be made via our online entry form. Your submission may be accompanied by supporting documents, if referred to in the submission. Due to the volume of submissions, the judges only have the capacity to read 3 additional pages of material, so please keep your supporting documents concise. Any attachments that exceed 3 pages total will not be considered.

Please note, due to the high volume of submissions, we will not be able to provide individual feedback.

Entries opened on 5 April 2024 and will close on 7 June 2024. An independent judging panel will score the submissions and present the awards at the BVCA annual flagship Summit conference on 12 September 2024.

Criteria for GP category

The judges will be looking for progress made by GPs in impact integration and engagement in 2023.

This could include one (or more) of the following:

  • Clear articulation of your impact goals and objectives, and how this is incorporated into your firm and your strategy, including policies and/or reporting, due diligence practices, and value creation plans.
  • How the firm has enhanced and developed its overall impact measurement framework, either the first-time adoption of a framework or further development an existing framework.
  • Engagement across your portfolio on measuring impact and improving performance of portfolio companies on environmental and/or social impact metrics. Include examples of how your specific involvement/active ownership of portfolio companies made decisive contributions to creating this impact.
  • How the firm has worked with LPs to integrate impact within reporting.
  • If relevant, give evidence of how you are engaging in systemic change in relation to impact within the private capital industry.
Criteria for LP category

The judges will be looking for progress made in impact integration and engagement by LPs in 2023.

This should include the following:

  • Clear articulation of your impact goals and objectives, and how this is incorporated into your fund selection and due diligence.
  • How the firm has enhanced and developed its overall impact framework to reflect social and/or environmental impact during the year, either the first-time adoption of a framework, or the refreshing of an existing framework.
  • How the firm has engaged with GPs to manage and measure impact.
  • Specific engagement by the LP with one or more managers to address any impact-related risks or opportunities.
  • If relevant, give evidence of how you are engaging in systemic change in relation to impact within the private capital industry.
Criteria for Portfolio Company – environmental and social

This category seeks to recognise portfolio companies that have demonstrated good practice in creating a positive environmental and/or social impact in their day-to-day business and have been supported by their investors to do so. This category is to open to any portfolio company with a UK presence which is currently backed by a BVCA member (or exited in 2023).

Submissions should include the following:

  • The core mission of the portfolio company, and how this is contributing to solving a particular environmental or social challenge.
  • How positive environmental or social impact is considered within the portfolio company’s day-to-day commercial activities in 2023.
  • How the portfolio company is measuring its current impact, and any measures established to improve or grow its impact.
  • How the portfolio company sees impact as driving commercial value to shareholders.
  • How the portfolio company uses an impact management framework over the course of the GP’s investment.
Judges

2024's Excellence in Impact judging panel is comprised of:

  • Sarah Teacher, Executive Director, Impact Investing Institute
  • Jonny Page, Head of Social and Impact Investment, Esmée Fairbairn Foundation
  • Douglas Sloan, Managing Director of Impact Venture, Better Society Capital
  • Lindsay Smart, Head of Sustainability, Triple Point
Excellence in Impact 2023 - Recognised companies

We were delighted to recognise outstanding contributions to impact investment from across private equity and venture capital. The firms recognised were selected by an independent judging panel and presented at the BVCA Summit on 5 October 2023.

Recognised firms:

  • GP, specialising in impact investing strategies:
    Circularity Capital LLP
  • LP, with an impact investing strategy
    Esmée Fairbairn Foundation
  • Portfolio company – environmental impact:
    Propelair
    (nominated by Earth Capital)
  • Portfolio company – social impact:
    CAPSLOCK 
    (nominated by Ufi Ventures)

Special recognitions:

  • GP, specialising in impact investing strategies:
    Eka Ventures
  • Portfolio Company (social impact):
    B2W Group
    (nominated by Palatine)

Meet the Judges

Sarah Teacher Impact Investing Institute
Jonny Page Esmée Fairbairn Foundation
Douglas Sloan Better Society Capital
Lindsay Smart Triple Point
Further information

FOR FURTHER INFORMATION PLEASE CONTACT THE BVCA

 +44 (0)20 7492 0400

 bvca@bvca.co.uk