Have an internal conversation about the causes you wish to support 

Set aside a budget 

Find a provider

Prioritise nature-based solutions

Ensure projects do not have adverse effects

Prioritise projects with an immediate effect

Ensure environmental and social safeguards

Contribute to global adaptation

Ensure robustness

Purchase credits

Keep a net positive mentality 

Report on progress

Compensate for your emissions to help society reach net zero faster

Transforming investment approaches from environmentallly harmful activities into sustainable projects can have a big impact in transforming our economy.

Screen the landscape to find the right fund for your company

Set up pensions with environmentally responsible providers and provide employees with the choice to switch to these providers. Look into funds that directly put part of their investments into impact investment projects that will deliver returns and social impact over the long-term.

Offer eco-responsible pensions for your employees

Offer sustainable pension to employees

Make sure that:
- you have a company-wide recovery and recycling program that includes: paper, cardboard, plastic, glass, metal, and composting
- you recycle waste not only from the kitchen but also all papers in your working spaces, cartons at your warehouse, etc.
- your utility service works with all types of waste after you separate it, so it goes into the correct waste sorting centers.

Ensure proper waste separation

What you can do to print less:
- implement electronic signature systems where possible
- instead of printing reports before business meetings, use more screens in meeting rooms
- decrease the amount of pages by reducing font or page border sizes of regularly printed documents: contracts, agreements, etc.
- add a reminder to print less in your corporate signatures
- as a default setting, double-sided printing in black and white is recommended.

Plus, you can recycle your printer cartridges using a free recycling box from [Caritas](https://www.caritas.de/spendeundengagement/andershelfen/caritasbox/caritasboxstartseite). 

Adopt a sustainable printing policy

Mark this action as completed if you will buy office supplies made from recycled materials, produced and delivered in an eco-friendly way from now on. 

Recycled paper is 100% made from used paper, saving resources and water. Although the recycled paper is no longer pure white, it is also free of peroxides, sodium carbonate, and sodium hydroxide. These chemicals are used both in the production of fresh fibre paper and for bleaching paper. Recycled paper has two to three times lower energy consumption during production. 

At [Memo](http://www.memo.de), [EarthHero](https://earthhero.com/product-category/home/office-supplies/), or [GreenPicks](https://www.greenpicks.de/en/office-supplies-stationery/) you can find all of your sustainable office supplies.

Use eco-friendly office supplies

One of the projects where you can find cleaning products and soap without microplastic: [Zero Waste Era](https://www.zerowasteera.com)

Mark this action as completed if you will buy only eco-friendly cleaning products and soap for your office from now on. 

Use eco-friendly cleaning products

Our aim here is to minimize the delivery footprint and support local businesses.
Only purchase food and drinks with verified environmental standards. 


 Buy local, organic and seasonal food and drinks

These purchases can influence your carbon footprint significantly. 
- implement a repair-first policy: it's better to fix a laptop than buy a new one
- regularly calculate and check the footprint created by your equipment purchases (some companies, such as [Apple](https://www.apple.com/environment/pdf/products/notebooks/13-inch_MacBookPro_PER_may2019.pdf) and [Dell](https://i.dell.com/sites/csdocuments/CorpComm_Docs/en/carbon-footprint-latitude-7490.pdf), share data about their products’ footprint on their websites)
- when you need to buy things for your new office, don't just pay attention to them being made of ‘natural’ materials, but also to their production footprint
- utilize old and broken equipment in specially designated places.

Ensure responsible use of office equipment

Here are some ideas on how to make your marketing materials more eco-friendly:
- at conferences, fairs, and festivals, consider digital ways to interact with potential customers: screens, VR & AR, QR-codes, projections, e-business cards, and catalogs, etc.
- if you do choose to produce some giveaways, opt for materials with less of an end-of-life process
- order production locally to avoid causing additional emissions through deliveries
- improve your planning process to minimize waste after events.

Minimize giveaways of t-shirts, flyers, and stickers

What you can do:
- encourage your colleagues to order food delivery less: organize lunch in your office, subsidize lunch in the nearest cafes, or arrange food delivery in reusable containers,
- make sure you use glasses in your office and wash them instead of one-use plastic cups,
- buy beverages in returnable glass bottles,
- buy office snacks in bigger packages with less plastic.

Reduce plastic waste

Install low-flow faucets, toilets, and urinals in your office. 
Low-flow should meet or exceed the following EPA WaterSense standards: faucets use a maximum of [1.5 gpm](http://www.epa.gov/WaterSense/products/bathroom_sink_faucets.html), toilets - [max 1.28 gallons per flush](http://www.epa.gov/WaterSense/products/toilets.html).


Conserve water

Make your office more sustainable

The sustainability clause should be integrated into both term sheets and shareholder agreements. As a result, companies commit to measuring their CO₂ emissions and to actively work on reducing them. 

After a deal is closed, you should propose a startup to join LFCA and piblicly commit to our Green Pledge. This way we can support them in their transformation. There are no penalties defined in the clause and therefore it is important to motivate the founders to do so.


You can find the text of the clause [here](https://res.cloudinary.com/dhpk1grmy/raw/upload/v1605174399/Content/ESG_Clause___Sustainability_Clause_2.0_v2_dicnpa.docx).
In case the founders or other participating VCs want to adjust or remove the clause during the negotiations, this is of course possible.

Add the clause as a default to term sheets and shareholder agreements

If you want to keep the company names undisclosed, this is okay.
However, the greatest impact will be achieved if your portfolio companies join the LFCA, follow our principles, and participate in climate actions that we propose.

Report number of deals closed with the clause to LFCA on a 12 months basis

Integrate the LFCA sustainability clause

Felix Capital

Switching to a 100% renewable energy provider for your office energy is a simple but effective step to reduce your company's carbon footprint. It is important to use a reliable provider which transparently communicates the orgins of its energy.

Switch to a 100% renewable energy provider, including electricity and other energy consumption from heating, hot water, etc. Often it’s the most impactful thing companies can do immediately. 

Even if you lease your office, it's still possible to switch, but it requires some time and effort.

We recommend the following green electricity providers in Germany: [Greenpeace Energy](http://www.epa.gov/WaterSense/products/toilets.html), [Naturstrom](https://www.naturstrom.de/geschaeftskunden/), [Elektrizitäts Werke Schönau](https://www.ews-schoenau.de/ews/energiedienstleistungen/angebote-fuer-gewerbekunden/) 

Note: The difference in savings from the future footprint offsetting will often be more than a slight increase in energy cost. 

Discover how Felix Capital is taking climate action

Felix Capital joined forces with hundreds of others to take immediate, collaborative, and transparent action to fight climate change.

Raising the bar on climate leadership