Kartesia, a leading European specialist provider of financing solutions, is pleased to announce its third investment from the recently launched Kartesia Impact Strategy, providing a sustainability-linked financing solution to Delivery Associates (or “The Company), a specialised social and environmental impact consultancy business focused on project delivery and implementation in areas such as government effectiveness, climate change, and education.
Delivery Associates is backed by Trill Impact, a leading Impact investor, that is exclusively focused on investing in businesses that contribute to one or more of the UN Sustainable Development Goals (“UN SDGs”).
Delivery Associates serves a global customer base across philanthropies, public sector institutions and NGOs as a delivery partner in their social impact projects and supports them to establish the necessary capacities and infrastructure to be able to deliver real impact on a standalone basis in future. As a trusted partner, Delivery Associates has successfully helped their clients to reach targets such as reduction of childhood anaemia in Peru, increase of primary school attendance in Pakistan and substantial reduction of GHG reductions in the US.
The financing facility provided by Kartesia will support the continuing growth of Delivery Associates, and as part of the terms set out in the facility, the Company will benefit from more attractive financing conditions if they continue to meet certain ESG-related KPIs agreed with Kartesia. In addition, Kartesia and Delivery Associates have set-up a framework for an ambitious ESG strategy to be followed during the tenure of the financing facility.
This constitutes Kartesia’s first transaction with Trill Impact, a regulated impact sponsor supporting companies that have a positive and measurable impact on people and planet. Trill Impact’s SFDR Article 9 impact investment strategy combines industry best practices with a structured approach whilst setting impact KPIs and ESG targets based on key priorities and improvement areas to ensure each company reaches its full impact creation potential.
The deal team at Kartesia consisted of Damien Scaillierez, Sebastian Afflerbach and Kristina Ivanova.
Commenting on the financing agreement, Sebastian Afflerbach, Associate Director at Kartesia said, “We’re excited to have partnered with Trill Impact for the first time, their work reflects the values that we want to promote through our impact strategy. There is strong alignment on goals between all three parties, which convinces us that there will be delivery of real ESG impact through our partnership.”
Mortiz Paulus, Director at Trill Impact Advisory commented: “We are very happy to have secured funding from the Kartesia Impact Strategy, which matches our status as a SFDR 9 Article fund. Our shared goals mean that Delivery Associates will benefit from supportive sponsors with very clear and unified aspirations.”
Coralie De Maesschalck, Head of ESG at Kartesia, commented: “Delivery Associates’ business model is focused on helping governments, NGOs and philanthropic foundations make their environmental and social actions as effective as possible, thus addressing multiple of the targeted UN SDGs identified in the KIF I investment thesis. In a collaborative process with Trill impact and CANDRIAM, we have identified an ESG framework that will benefit both the Company and its stakeholders.”