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Slides from PSV Academy ToolTalk #3 - Introduction to the ESG Napkin for Tech Startups
Nøie is a Copenhagen-based tech company focused on creating customized skincare products that improve the quality of life for individuals with skin concerns while prioritizing environmental responsibility. The company aims to become CO2 negative by 2021 and fully circular in its operations, actively supporting six Sustainable Development Goals (SDGs) and implementing a Chief Footprint Officer role. Nøie emphasizes the importance of accountability in the skincare industry, addressing issues such as plastic waste and the demand for companies to take responsibility for their environmental impact.
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Slides from PSV Academy ToolTalk #3 - Introduction to the ESG Napkin for Tech Startups
- 1. P S VA C A D E M Y Customised skincare • Made in Copenhagen
- 2. Increase quality oflife for people with skin concerns. Make the world’s best customised products for every user. Nøie is a tech company that created a new era of better skincare products and services. 2
- 3. Nøie will beCO2 negative in 2021 and 100 percent circular in the long run. We publicly share our learnings to inspire the industry. We are on mission to change the industry. We actively support six of the SDGs and have anchored it in our management by introducing a new type of CFO — Chief Footprint Officer. Read our commitments or watch them. 3
- 4. We’re in businessto improve quality of life for people with skin concerns by creating the world’s best customised skincare products while causing no unnecessary harm to our environment.
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- 6. It’s about people. And1.5 billion of them have a big problem. 6% have either eczema or psoriasis. 45% have sensitive skin (3 billion people). 85% of 12 to 24 year olds have at least minor acne. 20% of kids struggle with eczema. People 6
- 7. Something is rotten inthe skincare industry. It’s about responsibility. 120 billion units of packaging created every year by the global cosmetics industry. 91% of the world’s plastic is not recycled. Mass production results in waste through obsolete stock inventories. Consumers expect companies to take responsibility for their footprint. 7 Planet
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- 11. The world's largest assetmanager is transitioning to sustainable investments 11 Why
- 12. … and otherinvestors are following * ● Which policies do you have in place? (Code of Conduct, Health & Safety Policy, Environmental Policy, etc.) ● Do you have a person responsible for ESG matters in the company? ● What is the percentage of women working in your company? ● What is the percentage of women working in your Management Team? ● From how many of the following age groups would you say you have personnel? ● Do you identify and address HEALTH and SAFETY issues in your company? ● How many different nationalities are represented in the company? ● What is the percentage of women working in your Board of Directors? ● Do you identify and address ENVIRONMENTAL issues in your company? ● Have you estimated the CO2/GHG emissions of your company? ● Do you have insurance that covers your employees? ● Do you have a WHISTLEBLOWING system in place? ● Are ESG issues or processes discussed at BOARD LEVEL? ● Does your company pay attention to pay equality? ● Do you identify your business's RISKS at some level and monitor them? ● Have you implemented information security / data privacy measures in your company? ● Do you have a system in place to detect (internal or external) fraud? * Set of ESG questions from an investor
- 13. 1990 - 2009 TheSustainability Lifecycle 2010 - 2029 2030 - 2049 1987 Brundtland report Sustainability definition: “development that meets the needs of the present without compromising the ability of future generations to meet their own needs” 2000 Millennium Development Goals (MDGs) 2015 Sustainable Development Goals (SDGs) 2050 Net-Zero Emissions must be met 2030 Emissions must be cut in half YOU ARE HERE 2050 -
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- 15. ESG How to getstarted?
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- 17. Start with your purpose! 17 How- Step 1 Does your company have a purpose that’s higher than simply making profits? What about thepeople? AND What about theplanet?
- 18. Our mission isto empower every person and every organization on the planet to achieve more. 18 Start with your purpose! People
- 19. We’re in businessto improve quality of life for people with skin concerns by creating the world’s best customised skincare products while causing no unnecessary harm to our environment. People Planet Start with your purpose!
- 20. “ Easy foryou to say, Chris! We’re a software company. Sustainability and ESG is not obvious and important to us. ”
- 21. SCANDAL 1 Data privacy SCANDAL2 Discrimination and sexual harassment
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- 24. Make a Materiality Assessment →https://materiality.sasb.org How - Step 2
- 25. ESG What is theoutcome?
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- 27. What ESG concerns forNøie ● Customer privacy and data security ● Product quality and safety ● Gender diversity Foundation ESG value drivers for Nøie ● Product performance ● Sustainable products and packaging ● Employee engagement Growth
- 28. WHY It’s good business HOW Start withyour purpose WHAT Set measurable KPIs
- 29. Nøie’s Environmental Commitment By2021 Nøie will be CO2 negative and 100 percent circular by… 1. Sourcing 90% of our packaging and merchandise from recycled materials 2. Making 100% of our packaging fully recyclable 3. Sourcing 100% of our wood materials from FSC responsibly managed forests 4. Becoming carbon negative by offsetting our carbon footprint plus some extra 5. Getting 100% traceability of our product ingredients 6. Decreasing our average shipping packaging per order by 50% 7. Educating and empowering the world to recycle and reuse Read more: https://noie.com/pages/noie-will-be-co2-negative-and-100-percent-circular
- 30. Thank you! ChrisLykke Christiansen Co-founder & CFO — Chief Footprint Officer [email protected] Website: https://noie.com Watch our story: https://youtu.be/jkqPm_K-q9k 30