ESG and DEI reporting templates for Canadian GPs

Tracking environmental, social and governance (ESG) and diversity, equity and inclusion (DEI) metrics is increasingly important for investors and fund managers in the Canadian venture capital ecosystem. These two templates are designed to help Canadian investors and entrepreneurs track key ESG and DEI metrics at a firm, fund and portfolio company level.

Diversity, equity and inclusion (DEI) reporting template for Canadian GPs

The DEI reporting template was created to help Canadian general partners (GPs) track DEI metrics in their organization and across their portfolio. You can learn more about this template and the data it has helped us collect by reading this blog.

The DEI reporting template will allow you to:

  • consistently report diversity and inclusion metrics related to gender, race, ethnicity, and identification.
  • track and analyze ethnic, gender and identity diversity within your investment portfolio, including LGBTQ2+, veterans, and employees with disabilities.
  • measure quantitative and qualitative data by documenting self-disclosed gender and race, team reports, and DEI policies and practices.
  • demonstrate fund diligence toward greater uniformity and transparency in the Canadian venture capital and private equity industry.

DEI metrics can be used to:

  • develop and adapt greater diversity and inclusion policies and practices for private investors
  • analyze and adapt DEI data toward a more inclusive, innovative and competitive economy
  • follow a global framework that aligns with the Canadian market

Environmental, social and governance (ESG) reporting template for Canadian GPs

The BDC Capital ESG reporting template was created to help Canadian venture capital and mid-market private equity GPs track key ESG metrics in their own firms and across their portfolios. This document will evolve with industry best practices over time and be merged with the DEI template in 2024.

The ESG reporting template will allow you to:

  • consistently report on a baseline of sector agnostic ESG metrics
  • better understand the non-financial risks within your investment portfolio, including supply chain issues, data privacy risks, sanctions compliance and water stewardship issues
  • document greenhouse gas emissions, energy consumption, and climate policies and practices of portfolio companies
  • track progress on ESG policies and practices over time with a view towards greater uniformity and transparency in the Canadian venture capital and private equity industry

ESG metrics can be used to:

  • inform conversations that contribute to real change and more sustainable long-term value creation
  • record ESG data that will aid in satisfying future potential regulatory requirements
  • prepare for more rigorous reporting requirements as portfolio companies scale
  • satisfy investors that you are tracking material measures of environmental, social and governance performance