Sustainable companies look beyond their own walls and take action to support the societies around them.

Nordic Capital and its portfolio companies are involved in a number of charities and initiatives with a social, community or philanthropic impact that reflect our values. 
Unlike other sustainability initiatives, the work we do in this area is not conducted for commercial purposes.

Since 2014, we have had a dedicated Corporate and Social Responsibility (CSR) Committee in place to maximise our support of initiatives that reflect our core values.

Norrsken Foundation

Norrsken Foundation and Nordic Capital work in partnership to support over 350 social entrepreneurs. Through the partnership, Nordic Capital advises Norrsken’s member companies on how to scale their businesses. The partnership is part of Nordic Capital's philanthropy agenda and continuing strategy to build long term sustainable companies that contribute positively to society.

Norrsken Foundation is a Swedish non-profit organisation founded in 2016 and runs the award winning Norrsken House, which is a co-working hub and ecosystem consisting of 350 social entrepreneurs: an impact VC fund of EUR 30 mn that invests in entrepreneurs with the potential to improve the world; and two in-house initiatives, Klarity & 29k. The Foundation was established by Niklas Adalberth, the co-founder of the financial services company Klarna.

Norrsken believes entrepreneurs that use tech and business to create positive effects on people and/or planet can provide the most effective solutions to growing global challenges. The aim is to enable impact unicorns, companies positively affecting a billion people, which is measured on a continual basis. With an impact unicorn, there will not only be direct impact through the business, but also new role-models that can inspire both investors and employees to focus more on impact.

The aim of the partnership between Norrsken Foundation and Nordic Capital is to support the social entrepreneurs in the Norrsken ecosystem to scale their businesses; thereby increasing the positive impact they have on the local communities.

 

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Niklas Adalberth, the founder of Norrsken:

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Nordic Capital has a world-class record of building and scaling sustainable businesses. It is fantastic that they support Norrsken and impact entrepreneurs in their growth journeys. With this partnership, we can positively impact many people and even increase the chances of enabling one or more impact unicorns - a company positively affecting one billion people

Solar Sister

As a part of Nordic Capital’s aim to be a sustainable and socially responsible organisation, we endeavour to assume responsibility for reducing our own climate impact, which primarily comprises emissions from business flights.

In order to offset our CO2 emissions, Nordic Capital is supporting Solar Sister, an independent charity which provides solar lights to poor rural households through an innovative entrepreneurship model. During 2018, some 600 million people in Sub-Saharan Africa light their homes with kerosene lights. As well as being ineffective, expensive and harmful to people’s health, kerosene lights contribute heavily to CO2 emissions.

Thanks to Nordic Capital’s contribution among others Solar Sister can recruits and train women in poor rural communities to become self-employed entrepreneurs.

These entrepreneurs receive business coaching, one-to-one mentoring and marketing support so they can successfully sell the solar lights in their communities. Solar Sister entrepreneurs are typically able to increase their family income by 20%. 80% of the extra income is in turn invested in their families and contributes to better education and health for their children.