Fil Rouge Capital (FRC) is the first VC in the SEE region to perform a fully quantitative performance assessment on key environmental, social and governance indicators. FRC used ConsciESG's platform to assess its progress across 17 key ESG indicators, for two consecutive years 2023 and 2023, both at the entity level and for select portfolio companies. Over the 3-month trial, FRC successfully identified key sources of emissions, waste, water use, and gender equality and equity, across leadership and non-leadership levels. FRC’s key ESG performance highlights are summarized below:
FRC has identified and completed a mapping of its scope 1 and 2 emissions sources, resulting in scope 1 and 2 emissions metrics assessed & reported for 2023 and 2024.
43% of FRC’s total waste in 2023 and 2024 gets recycled. 

Its enforced maternity leave policy of 100 fully paid weeks, significantly & positively outperforms EU’s mandatory 14 + 2 compulsory minimum leave period. 

Its salary ratio of women to men in the workforce is slightly better than the observed EU average of 13% gender pay gap, but it is still 11% lower than the suggested 1:1 ratio by ConsciESG.

FRC’s overall ESG score, falls in the Ante Progress Category, corresponding to entities which are showing positive gradual progress towards their ESG targets.

A major outcome of the trial is FRC's newly established infrastructure within the ConsciESG platform, enabling them to continuously track and regularly report on their key impact indicators, including its annual scope 1 and 2 emissions. This sets the groundwork to help the fund to adopt a more active governance role around ESG integration, using a data-driven approach to set realistic ESG targets, that align with their financial goals and stakeholder interests.