Plethora Private Equity is a Netherlands-based fund focused on exploring for the metals driving the energy transition in Europe and North America.
Current supply of the metals needed for electric vehicles and the renewables sector (primarily copper, nickel and lithium) are extracted in jurisdictions that can be problematic on social, geopolitical, and environmental issues.
The (non-geological) reasoning behind our constricted focus on safe jurisdictions are:
- The upholding of legal ownership in the jurisdictions where we operate
- The highest standards on environmental and social impact
- The ongoing de-globalisation trend, kick-started by Covid and accelerated by geopolitical developments
As we firmly believe mining starts at the exploration phase we actively screen potential mineral exploration targets on social and environmental impact.
We are making sure our exploration is done in a responsible way, according to the latest environmental standards, and outside of e.g. Natura 2000 areas. We minimize impact through active engagement and collaboration with local communities. We have a dedicated sustainable development officer in our team that takes the lead on this.
Over the past six years, we have invested over €16 million on mineral exploration in Europe and North-America, financed by a group of sixty, mainly Dutch, private investors.
Mineral exploration is an important, but forgotten, link in the energy transition:
Source: IEA: total mineral demand for clean energy technologies by scenario, 2020 compared to 2040
See the Strategy page, the Information Memorandum and the Essential Information Document for further information.
Sustainable Finance Disclosure Regulation (SFDR)
As per 10 March 2021 the EU Sustainable Finance Disclosure Regulation (SFDR) has come into force. In the context of the Sustainable Finance Disclosure Regulation (SFDR), the Fund has been classified as an Article 6 fund.
The investments of Plethora Private Equity do not take into account the EU criteria for environmentally sustainable economic activities. However, in compliance with the SFDR, the Fund Manager does consider the effects of material sustainability risks on the value of the Fund’s investments. On a company by company basis, all relevant ESG/sustainability risks are being defined and assessed during the initial due diligence but also on an ongoing basis after an investment is made.