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FOV Ventures's Climate Report

Submitted on 2026-09-17  ·  Edited on 2026-09-17

Introduction *

1.1 End day of the reporting period*

2025-12-31

1.1.1 Reporting year*

2025

1.2 Describe your business activities*

Early-stage venture capital firm investing at inception and pre-seed in European technology companies. Three-person team, no premises of our own beyond a desk in a shared office.

1.4 Number of employees on the end day of the reporting period*

3

1.4.1 Full-time equivalent (FTE) or headcounts*

Full-time equivalent

1.5 Is this report being submitted on behalf of a parent company or a subsidiary? If so, please briefly explain the relationship.*

Not applicable

1.5.1 Please explain the relationship*

-

Commitment and Targets *

2.1 Net zero target year*

2030

2.1.1 Base year*

2025

2.1.2 Base year value*

61.12

Base year value confirmation*

I confirm that I have entered my base year value in metric tons CO2e

2.2 Near-term target*

50% of absolute scope 1+2+3 emission reduction from my base year by 2030

2.3 Provide any additional comments or context on your net zero and near term targets.*

2025 is our base year because it is the first year we measured our full footprint, including purchased goods and services.

2.4 To reduce emissions in line with my commitment, my company has a climate action plan and is taking action*

No

Own Emissions *

Energy consumption

3.2 Total energy consumption*

500 kWh

3.3 Total renewable energy consumption*

0 kWh

Scope 1 emissions

3.4 Scope 1 emissions*

0.005 metric tons CO2e

Scope 2 emissions

3.5 Location-based Scope 2 emissions*

0.29 metric tons CO2e

3.6 Market-based Scope 2 emissions*

-

Scope 1 and 2 units confirmation*

I confirm that I have entered all Scope 1 and 2 emissions values in metric tons CO2e

3.7 Have you taken any actions to reduce Scope 1 and 2 emissions in the reporting period?*

No

3.8 Which tools or methods did you use to calculate your Scope 1 and 2 emissions?*

Small Business Carbon Calculator

3.8.1 Specify any additional details*

-

Value Chain Emissions (optional)

Scope 3 emissions

4.1 Have you measured any of your scope 3 emissions?*

Yes

Supply chain related - upstream emissions

Customer related - downstream emissions

Scope 3 units confirmation*

I confirm that I have entered all Scope 3 emissions values in metric tons CO2e

4.2 Have you taken any actions to reduce scope 3 emissions in the reporting period?*

Yes

4.2.1 What actions have you taken to reduce scope 3 emissions in the reporting period?*

Business travel and commuting

4.2.2 Provide any additional details*

Business travel fell from 20.58 to 14.02 tCO2e year on year.

4.3 Have you asked any of your suppliers to set a net zero target (either voluntarily or as a requirement)?*

No

4.3.1 What percentage of your suppliers have you asked?*

-

4.4 Have you communicated your commitment and actions to any of your customers?*

Yes

4.5 Which tools or methods did you use to calculate your scope 3 emissions?*

Small Business Carbon Calculator

4.5.1 Specify additional details*

-

Results, Challenges and Outlook *

7.1 Provide any additional comments or context on your annual results and progress from previous years.*

2025 is the first year we measured our full footprint, including purchased goods and services. On the categories measured in both 2024 and 2025, emissions fell from 22.22 to 15.81 tCO2e. Business travel is down 56% since 2023. As an early-stage investor we have not calculated financed emissions (scope 3 category 15); our portfolio companies are pre-seed and do not yet hold emissions data of their own.

7.2 Do you face any key challenges in reducing emissions?*

Time constraints, Inaccurate or insufficient data

Specify other challenges*

-

7.3 Has there been any third party validation of the data submitted in this report?*

No

-

FOV Ventures's Climate Report

FOV Ventures's Climate Report - 2025

Introduction *

1.1 End day of the reporting period*

2025-12-31

1.1.1 Reporting year*

2025

1.2 Describe your business activities*

Early-stage venture capital firm investing at inception and pre-seed in European technology companies. Three-person team, no premises of our own beyond a desk in a shared office.

1.4 Number of employees on the end day of the reporting period*

3

1.4.1 Full-time equivalent (FTE) or headcounts*

Full-time equivalent

1.5 Is this report being submitted on behalf of a parent company or a subsidiary? If so, please briefly explain the relationship.*

Not applicable

1.5.1 Please explain the relationship*

-

Commitment and Targets *

2.1 Net zero target year*

2030

2.1.1 Base year*

2025

2.1.2 Base year value*

61.12

Base year value confirmation*

I confirm that I have entered my base year value in metric tons CO2e

2.2 Near-term target*

50% of absolute scope 1+2+3 emission reduction from my base year by 2030

2.3 Provide any additional comments or context on your net zero and near term targets.*

2025 is our base year because it is the first year we measured our full footprint, including purchased goods and services.

2.4 To reduce emissions in line with my commitment, my company has a climate action plan and is taking action*

No

Own Emissions *

Energy consumption

3.2 Total energy consumption*

500 kWh

3.3 Total renewable energy consumption*

0 kWh

Scope 1 emissions

3.4 Scope 1 emissions*

0.005 metric tons CO2e

Scope 2 emissions

3.5 Location-based Scope 2 emissions*

0.29 metric tons CO2e

3.6 Market-based Scope 2 emissions*

-

Scope 1 and 2 units confirmation*

I confirm that I have entered all Scope 1 and 2 emissions values in metric tons CO2e

3.7 Have you taken any actions to reduce Scope 1 and 2 emissions in the reporting period?*

No

3.8 Which tools or methods did you use to calculate your Scope 1 and 2 emissions?*

Small Business Carbon Calculator

3.8.1 Specify any additional details*

-

Value Chain Emissions (optional) *

Scope 3 emissions

4.1 Have you measured any of your scope 3 emissions?*

Yes

Supply chain related - upstream emissions

Customer related - downstream emissions

Scope 3 units confirmation*

I confirm that I have entered all Scope 3 emissions values in metric tons CO2e

4.2 Have you taken any actions to reduce scope 3 emissions in the reporting period?*

Yes

4.2.1 What actions have you taken to reduce scope 3 emissions in the reporting period?*

Business travel and commuting

4.2.2 Provide any additional details*

Business travel fell from 20.58 to 14.02 tCO2e year on year.

4.3 Have you asked any of your suppliers to set a net zero target (either voluntarily or as a requirement)?*

No

4.3.1 What percentage of your suppliers have you asked?*

-

4.4 Have you communicated your commitment and actions to any of your customers?*

Yes

4.5 Which tools or methods did you use to calculate your scope 3 emissions?*

Small Business Carbon Calculator

4.5.1 Specify additional details*

-

Results, Challenges and Outlook *

7.1 Provide any additional comments or context on your annual results and progress from previous years.*

2025 is the first year we measured our full footprint, including purchased goods and services. On the categories measured in both 2024 and 2025, emissions fell from 22.22 to 15.81 tCO2e. Business travel is down 56% since 2023. As an early-stage investor we have not calculated financed emissions (scope 3 category 15); our portfolio companies are pre-seed and do not yet hold emissions data of their own.

7.2 Do you face any key challenges in reducing emissions?*

Time constraints, Inaccurate or insufficient data

Specify other challenges*

-

7.3 Has there been any third party validation of the data submitted in this report?*

No

-

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