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People & Planet

We care about the next generation.

Novax aims to be a positive force for change in society and a role model in the industries where we operate. Together with our companies, we strive to be part of the solution to the world's sustainability challenges, thus caring for future generations.

Our sustainability philosophy is an extension of our ethos – we believe companies are one of the biggest forces for change in society.

The Novax family offers a unique platform for driving the transition to a more sustainable economy and inclusive society. Sustainability is central to how lasting value is created, and we work to ensure that sustainability is embedded in all our companies’ operating models. Backed by research and experience, we believe this is the only path to long-term success. Novax aims to lead by example - setting high standards and empowering our companies to act as catalysts for change across their industries.

Our ways of working

Industry best practices
We leverage proven frameworks to ensure that our analysis and approaches are aligned with industry best practice. Utilising an approach common with the wider economy enables us to track our progress against well-defined global benchmarks and facilitates collaboration across industries and companies.The Novax sustainability framework is based on the belief that real impact will only materialise if sustainability is integrated into the core of a company’s strategy and operations. We support our companies with developing their sustainability ambitions and to set sustainability goals hyper-focused to their specific context.

Sustainability in every step of the investment process
From deal sourcing to deal closure, we integrate sustainability into every step of our investment process. We assess every potential investment according to the Novax sustainability due diligence model and once the companies are integrated into our ecosystem, sustainability becomes one of the key pillars in the reporting and execution plan.

Measured progress
Our companies monitor, track, and improve their sustainability footprint. We follow tailored sustainability KPIs for each portfolio company as well as jointly defined GHG targets and Diversity & Inclusion goals. What is measured gets done. Progress is discussed in board meetings and targets/metrics updated to mirror latest developments