European consumers change smartphones every 2 years on average and the production of these smartphones leads to high CO2 emissions, consumes precious resources, only to leave electronic waste at the end of their lives, which is dangerous to the en
Since the founding of Kartesia in 2013 we have been working hard to ensure the long-term sustainability of our business, its operations and our portfolio companies. After months of hard work, in June we were delighted to issue our first ever Sustainability Report, recognition of the increasing importance of ESG issues for our employees, investors and other stakeholders.
Kartesia, the European specialist provider of capital solutions for small and mid-sized companies, is pleased to announce the creation of a full time CSR & ESG position, a role that will be filled by Coralie De Maesschalck starting this year.
Kartesia aims to foster teamwork in a dynamic environment where we are committed to promote equality and diversity in areas such as recruitment, training and career development. We encourage diversity among our employees and ensure everyone receives the same fair and transparent treatment. Over the last few years, we also focused on giving young people the opportunity to learn and acquire competencies. Today, 5 of our 45 employees were previously interns (>10%).
Last year, Kartesia launched the Kartesia Going Green initiative, in which we are committed to reduce our impact on the environment. To remain true to our goal, we undertook several actions to reduce waste when moving our Brussels offices in July 2020.
Over the last few years, we have embedded ESG management into the core of our business and into our investment processes. Carefully tracking material indicators has helped us manage our investments more efficiently. We first built specific ESG tools for our debt investments and, as from 2018 and the recruitment of Sharif Anbar-Colas as Head of our CLO strategy, for our CLO investments.
At the start of this year, no one could have predicted the onset of COVID-19 and the unprecedented impact it would have by shutting down European economies practically overnight. Like many, Kartesia acted quickly once it became apparent what necessary societal action would be needed to protect the health and lives of the most vulnerable, as well as to provide required continuity of production and service by ourselves, and many of our portfolio companies, some of which became instrumental in providing resource to fight the pandemic.