Maguar Capital releases 2023 ESG report highlighting progress in sustainability efforts

We’re excited to share the 2023 ESG report, showcasing the progress the portfolio companies achieved.

Key takeaways from the 2023 report:

• Overall ESG performance: We’re proud to report an 11% improvement across the board, reflecting strong progress in aligning business with ESG goals.
• Tech advancements: A 6% boost in the technology category reflects the ongoing focus on sustainable technology.
• General ESG practices: A 16% increase in the general ESG category shows how the companies are strengthening responsible business practices.
• Environmental progress: Environmental scores are up by 14%, in the future carbon footprint tracking can be an area of focus.
• Social & governance excellence: Social scores improved by 13% and Governance by 9%, underscoring the commitment to employee well-being and ethical leadership.

In 2023, we rolled out the Effectory ESG scan across all our portfolio companies. This tool helps capturing direct insights from employees, adding an authentic layer to ESG efforts. With this data, companies can benchmark themselves against industry standards and gain valuable insights to ESG efforts from within the company.

At Maguar, we remain dedicated in our commitment to sustainability as a core driver of long-term success for our portfolio companies. We are proud of the progress that was made and are excited to build on this momentum in the years to come.

Check out the full report for all the details!