Excellence in Impact

Recognising outstanding commitment to responsible investment

Impact investment is on the rise. A host of factors centered around the need to address global environmental and social issues such as climate change, biodiversity decline and demographic changes, as well as an increased focus on ESG/Responsible Investment more generally, is resulting in a higher demand for investment in mission-led companies focused on people and planet, as well as profit. 

In 2023, the BVCA introduced the ‘Excellence in Impact’ awards to celebrate our members’ commitment to making an environmental and social impact, alongside making financial returns. This aims to showcase best practice and how our member firms are advancing their impact investing approaches, alongside the environmental and social solutions our members are facilitating through their portfolio companies. This is now an ongoing part of the annual BVCA Summit.

2025 Categories & Guidance 

Submission Guidance

The judges will be looking for intention of creating and evidence of achieving positive environmental and/or social impact alongside financial return. Submissions should be able to demonstrate good impact practices for measuring, managing, and reporting impact, with a focus on continuous improvement. The judges recommend you give details of the development or engagement which has taken place, covering how and why your firm has acted, and what the outcome has been. The judges will be looking for a clear explanation of the rationale, commitment to impact, linkage to investment strategy, and why the outcome has been positive. Please provide clear examples to evidence your submission. 

The submission should be 500-750 words and can be made via this online entry form. Your submission may be accompanied by supporting documents, if referred to in the submission.  

Due to the volume of submissions, the judges only have the capacity to read 3 additional pages of material, so please keep your supporting documents concise. Any attachments that exceed 3 pages total will not be considered.

Multiple submissions are welcome, please submit a separate entry form per nomination.  

For further information about the Excellence in Impact Awards, please contact Breeze Haywood

Please note, due to the high volume of submissions, we will not be able to provide individual feedback. 

Entries opened on Tuesday, 8 April 2025 and closed on Monday, 30 June 2025. An independent judging panel will score the submissions and present the awards at the BVCA Summit Main Conference on 10 September 2025.

 

Criteria for LP Category

The judges will be looking for progress made in impact integration and engagement by LPs in 2024.

This should include the following:

  • Clear articulation of your impact goals and objectives, and how this is incorporated into your firm and your strategy, including policies and/or reporting, due diligence practices, and value creation plans. Key points to consider include:  

    • Detail about your measurement methodology, 

    • The frameworks it is aligned with,

    • How you ensure accountability through independent verification processes (these are not strictly confined to limited or reasonable assurance e.g. receiving LPAC approval or independent approval from an Impact committee). 

  • Provide examples of how your firm has engaged with portfolio companies and achieved social or environmental outcomes in their portfolio company as evidenced by additionality through the setting and achieving of bespoke KPIs over the last year. 

  • How your firm has worked with GPs to integrate impact within reporting.   

  • Provide evidence of how you are engaging in systemic change in relation to impact within the private capital industry. 

 

Criteria for GP Category (above and below £1bn AUM)

The judges will be looking for progress made by GPs in impact integration and engagement in 2024.

This could include one (or more) of the following:

  • Clear articulation of your impact goals and objectives, and how this is incorporated into your firm and your strategy, including policies and/or reporting, due diligence practices, and value creation plans. Key points to consider include:  

    • Detail about your measurement methodology, 

    • The frameworks it is aligned with, 

    • How you ensure accountability through independent verification processes (these are not strictly confined to limited or reasonable assurance e.g. receiving LPAC approval or independent approval from an Impact committee). 

  • Provide examples of how your firm has engaged with portfolio companies and achieved social and/or environmental outcomes in their portfolio company as evidenced by additionality through the setting and achieving of bespoke KPIs over the last year. 

  • How your firm has worked with LPs to integrate impact within reporting. 

  • Provide evidence of how you are engaging in systemic change in relation to impact within the private capital industry. 

 

Criteria for Portfolio Company (backed by a BVCA member)

This category seeks to recognise portfolio companies that have demonstrated good practice in creating a positive environmental and/or social impact in their day-to-day business and have been supported by their investors to do so. This category is to open to any portfolio company with a UK presence which is currently backed by a BVCA member (or exited in 2024).

Submissions should include the following:

  • Outline the core mission of the portfolio company, and how this is contributing to solving a particular environmental and/or social challenge. 

  • Demonstrate how positive environmental and/or social impact is considered within the portfolio company’s day-to-day commercial activities in 2024.   

  • Demonstrate how the portfolio company is measuring its current impact, and any measures established to improve or grow its impact. 

  • Demonstrate how the portfolio company sees impact as driving commercial value to shareholders. 

 

Judges

2025's Excellence in Impact judging panel is comprised of:
  • Alex Shadbolt, Investment Manager and Impact Lead, Future Planet Capital 

  • Ellen de Kreij, Lead Advisor – Impact & Sustainability, Apax Partners 

  • Sarah Teacher, Co-CEO, Impact Investing Institute 

  • Zoë VanderWolk, Partner, ETF Partners 

 

Meet the 2025 Judges

 

Alex Shadbolt

Alex Shadbolt

Investment Manager & Impact Lead, Future Planet Capital

Ellen de Kreij

Ellen de Kreij

Lead Advisor – Impact & Sustainability, Apax Partners

Sarah Teacher

Sarah Teacher

Co-CEO, Impact Investing Institute

Zoë VanderWolk

Zoë VanderWolk

Partner, ETF Partners

2024 Top Recognised Firms

GPs (all sizes): Big Issue Invest
Portfolio company (backed by a BVCA member): Explore Learning

The judges also awarded Special Recognitions across two categories.

These were:

  • GPs (all sizes): Circularity Capital
  • GPs (all sizes): LeapFrog Investments
  • Portfolio company (backed by a BVCA member): 60 Decibels

Entries for Excellence in Impact 2024 opened on 5 April 2024 and closed on 7 June 2024. An independent judging panel scored the submissions and presented the awards at the BVCA Summit conference on 12 September 2024.

All Recognised Companies

 

2024

We were delighted to celebrate our members’ commitment to making an environmental and social impact alongside making financial returns. These awards aim aim to showcase best practices in impact investing alongside the environmental and social solutions our members are facilitating through their portfolio companies. The firms recognised were selected by an independent judging panel and presented at the BVCA Summit on 12 September 2024.

Top Recognitions:
  • GPs (all sizes)
    Big Issue Invest
  • Portfolio company (backed by a BVCA member) 
    Explore Learning

     
Special Recognitions:
  • GPs (all sizes)
    Circularity Capital
  • GP (above £1bn AUM)
    LeapFrog Investments
  • Portfolio Company (backed by BVCA member)
    60 Decibels
2023

We were delighted to recognise outstanding contributions to impact investment from across private equity and venture capital. The firms recognised were selected by an independent judging panel and presented at the BVCA Summit on 5 October 2023.

Recognised firms:
  • GP, specialising in impact investing strategies
    Circularity Capital LLP
  • LP, with an impact investing strategy
    Esmée Fairbairn Foundation
  • Portfolio company – environmental impact
    Propelair (nominated by Earth Capital)
  • Portfolio company – social impact
    CAPSLOCK (nominated by Ufi Ventures)
     
Special recognitions:
  • GP, specialising in impact investing strategies
    Eka Ventures
  • Portfolio Company (social impact)
    B2W Group (nominated by Palatine)

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