In partnership with VentureESG

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Quick Links:

• Conceptual framework (Excel): Invest Europe Framework

• Flowchart of data movement:

  Invest Europe MRF Flowchart.pdf

• CSV specifications:

  • 🔗 Portfolio Company Specification (v1.0)
  • 🔗 Fund-level Specification (v1.0)
  • 🔗 GP-level Specification (v1.0)

• Example export files:

  • Portfolio company:

    Example Portfolio Company CSV.csv

  • Fund-level:

    Example Fund CSV.csv

  • GP-level:

    Example GP CSV.csv

• Validator web-app: See source code below with instructions in README to run locally.

• Validator source code: https://github.com/olivernixon1/InvestEurope-VentureESG-MRF-2025

  • Latest /main update (3 February 2025):
    • Added export to .xlsx format for portfolio company level
  • Next update (w/c 10 February 2025)

    • Clearer error logging at fund-level wrt article 8 and 9 metrics

    • Export standard ‘error report’ for troubleshooting

    • Highlighting of ‘likely erroneous values’:

      Gross revenue, Assets, Turnover inside/outside EU that don’t add to totals
      Total GHG that is not close to sum of scopes
      Energy consumption total that is not close to sum of renewable/non-renewable
      Totals that are not close to sum of gender breakdowns

    • BUG: completion score at fund-level seems to become inaccurate after reloading the page

• List of supported platforms: [Coming soon] </aside>

0: Requested features/tools:

A. Introduction:

This white-label machine-readable ESG reporting template matches precisely to the 2024/25 Invest Europe GP-LP ESG Reporting Template.

The goal of this template is to facilitate ESG data collection and make ESG reporting seamless across different reporting software platforms.

The machine-readable format would not have been possible without the development of an earlier version — the 2023/2024 template — developed by Atlas Metrics for KfW Capital.

This version was developed by VentureESG in partnership with Invest Europe and a consortium of ESG software platforms, including Apiday, Atlas, AtomInvest, Kara, ImpactNexus, MetricESG, and Novata.

B. How to become a supported platform (on Invest Europe’s website)

In the first few weeks of February 2025, Invest Europe will release a live list of ‘supported platforms’ on their website — only these platforms will have permission to say in their own marketing and website that they support the Invest Europe template.

To become a supported platform, you will need to be approved by Invest Europe. This process is still being finalised (final version due 3 February 2025). In the meantime, this is the latest draft process:

• Draft Process:

C. How data moves:

At this stage, portfolio companies and GPs are the handlers of export files to ensure data privacy and security. Direct platform-to-platform transfer is not currently possible.

Platforms implementing the MRF will need to build both import and export functionality. The validator web-app and open-source code can assist with developing this.

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This flowchart PDF is a detailed overview of how the MRF assists GPs and portfolio companies to fulfil multiple reporting requests:

Invest Europe MRF Flowchart.pdf

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In short: