Can you discuss your or your company’s efforts relating to renewability, sustainability, or other environmentally friendly activities?  
 
Nazca, as a venture capital firm in Spanish-speaking Latin America, is committed to fostering environmental sustainability and social responsibility. We align our investments with the UN’s Sustainable Development Goals, implement a robust Environmental and Social Risk Management System, and support portfolio companies in achieving positive impacts. We invest in ventures that contribute to societal well-being and environmental preservation by promoting healthy living, sustainable production patterns, fostering innovation, and more. Additionally, we provide hands-on support and resources to empower founders in their growth journey while ensuring sustainability and social responsibility remain at the forefront of our efforts.  
 

Why are in-house lawyers well-placed to drive change in their organisations?  
 
In-house lawyers are uniquely positioned to drive change within their organisations due to their widespread involvement across multiple facets of the business. Their integral understanding of the company’s operations, objectives, and challenges allows them to effectively navigate complexities and anticipate potential hurdles when implementing change initiatives. With their comprehensive insight into legal, regulatory, and compliance matters, in-house lawyers can assess risks, identify opportunities, and strategise accordingly, ensuring that proposed changes align with both legal requirements and organisational goals. Their ability to collaborate cross-functionally and leverage their network enables them to champion change initiatives from inception to implementation, ultimately driving positive transformation and fostering a culture of innovation within the organisation.  
 

It can be challenging to measure a company’s track record in environmentally friendly behaviour. What, in your opinion, has mostly been missed in discussions about how green a company is?  
 
In discussions about measuring a company’s environmental friendliness, it is important to recognise that every company, regardless of its stage, size, jurisdiction, or sector, has environmental, social, and governance (ESG) matters to address and impacts to measure. Often overlooked is the fact that the concept of being environmentally friendly extends beyond just the readily apparent eco-friendly practices or initiatives, such as recycling programs or energy-efficient facilities. It encompasses a wide range of factors, including resource management, emissions reduction, supply chain sustainability, and community engagement. By focusing solely on visible or widely publicised initiatives, discussions may miss the broader spectrum of ESG considerations that are integral to a company’s overall sustainability and long-term viability. Therefore, a more comprehensive and detailed approach is needed to truly evaluate the greenness of a company and its commitment to environmental stewardship.