When you contact us via our website for purposes other than a job application or to present an investment opportunity you will do this by clicking on an email address provided for this purpose on our website. A new email window will open in your email program. When sent the email will reach us like any other email sent to the relevant address. It will disclose to us only the sender email address and the further data which you choose to provide, just like in any other email you send. We will use the data you provide only to the extent required to process your inquiry.
At times we allow for job applications to be submitted to Point Nine by clicking on a link provided on our website which will then forward the inquiry to a questionnaire provided by the service provider Typeform, S.L. Providing the personal information requested on the questionnaire is voluntary. Your application and the personal information you provide will be accessed and processed by our human resources department and additional employees who may be assigned to evaluate your application. Data including all files will be stored in unencrypted form in our database, which however is password-protected. The data will only be used for processing your application and will not be shared with third parties other than data storage service providers (like Typeform or dropbox) without your express permission.
If we decide not to pursue discussions with you for an employment or advisory role at Point Nine we may ask you if you would like your resume to be included in a talent database like Circular. If you agree your resume and certain other information will be accessible to our portfolio companies and potentially other users of the database. We may also contact you directly in case of job openings in our portfolio which we think might be of interest to you. If your application process terminates without you being either employed or otherwise retained by Point Nine, we will delete the corresponding data within the period stipulated by applicable law unless you expressly agree that we retain your information. If you are in the Point Nine Talent Pool you can request to have your details removed at any time. Please contact firstname.lastname@example.org for any requests and queries regarding the Talent Pool.
If you wish to present an investment opportunity you will be asked to fill out, on behalf of the company/business idea you are pitching, a questionnaire provided by Typeform, which serves as the starting point for our review and discussions with you. The use of the data you provide will depend on the direction and progress of our review and the communications with you.
We use third party data processors for the storage and processing of personal data only if the data processor has committed to data protection standards which provide at least the protection level that we adhere to.
According to German and European law, you have the right to know which data pertaining to you Point Nine has stored. You also have the right to have any incorrect data revised or deleted. From 25 May 2018, the data protection law in the EU also gives you the right to withdraw your consent at any time, limit the processing and use of your data, to file an objection and to have your data transferred. If you would like to make use of these or other rights, please contact our General Counsel. You also have the right to opt-out of communications which you may receive, notably the Point Nine newsletter, at any time. You can exercise this right by clicking on the "unsubscribe" or "opt-out" link in the emails we send you. Further, you have the right to file a complaint with a data protection authority. Point Nine is supervised by the relevant authority in the state of Berlin, the Berlin Commissioner for Data Protection and Information Freedom. The Commissioner’s contact data and additional information are available at Berliner Beauftragte für Datenschutz und Informationsfreiheit: Home.
Point Nine Management GmbH & Point Nine Management II GmbH (“we”, “us”, “our” or “Point Nine”) strives to be a responsible and conscientious investor, also and in particular in relation to environmental, social and governance (“ESG”) criteria. In this policy we want to set out our approach to sustainability in accordance with the EU-Regulation on sustainability-related disclosures in the financial services sector 2019/2088 (“SFDR”).
We are in the fortunate position that the two major sectors we invest in, B2B software-as-a-service (“SaaS”) and B2B marketplaces, do not rely in any meaningful manner on fossil fuels and other non-renewable resources for the core of their business. In fact, the avoidance of resource-consuming activities, e.g. long-haul flights to short meetings, half empty container-ships or crowded streets, underpins most of the business models of our portfolio companies (we’re not oblivious to the fact that in particular cloud-computing and crypto mining can be energy intensive, but see this as better manageable).
If we invest in areas outside our traditional SaaS and marketplace focus, which we do occasionally and opportunistically, we actively seek to pick markets and business models that we believe have great potential because they offer new solutions to old, resource-intensive ways of doing things. For instance, we have invested in two leading providers of lab-grown meat and a carbon-neutral electric mobility service.
Because nearly all the founders we invest in belong to the generation that will have to bear most of the burden of climate change and loss of biodiversity, we find them highly aware of environmental sustainability requirements and the efficient use of resources. In addition, since the founders we support are digital natives, things like remote working and avoiding unnecessary commutes are part of their DNA.
Moreover, the companies we invest in are generally at a very early stage. Most have less than ten employees and in many cases no or very little revenues. This means there are no meaningful management support and other operating structures in place yet that could justify a deeper review of sustainability factors and risks, neither on the environmental side nor in relation to social and employee matters, respect for human rights and financial propriety.
Therefore, the most important part of our review of the sustainability risks associated with a target’s business and our investment’s potential impact is to ensure, as part of our due diligence review and subsequent work with the portfolio company, that the founders and the business model they pursue meet our principal investment criteria. Beyond this, for the reasons set out above, we so far have not found it sufficiently meaningful and value-enhancing to define criteria and tools to evaluate sustainability parameters of our investments. As a matter of course, we are constantly monitoring and reviewing this proposition and will adjust our approach as we deem necessary as the size and business models of our portfolio companies evolve.
Given our aspiration for sustainability and realizing that we can hardly demand awareness for sustainability if we do not lead by example, we aim to continuously improve and strengthen the sustainability aspect in our own operations. Since as investors we, just like our portfolio companies, don’t require material resources for our core business, this relates primarily to the resources consumed by our office infrastructure and travel habits. To this end we:
- have Implemented a highly flexible work-from-home policy that allows and empowers employees to avoid unnecessary commutes as much as possible;
- seek to conduct routine meetings online wherever it makes sense;
- are using the train (rather than flying) for any distances up to four hours travel time as a matter of principle;
- seek to optimize our flying routines by combining meetings as much as possible;
- purchase carbon-offsets for any flights we take when we do have to fly;
- seek to source our office electricity as much as possible from renewables.
We do realize that in particular the carbon offsets that we purchase from airlines do not always meet the standards of environmental experts who, with some justification, criticize these schemes as greenwashing. To make sure we are fully covered on this end and to compensate for our remaining emissions, we are purchasing additional carbon credits from reputable suppliers on an annual basis. Our recent investments include projects in Amazon rain forest protection (Unitor REDD), basalt weathering and biochar. Based on our calculations the carbon offsets we purchase not only compensate for the direct emissions caused by our staff, but also the indirect emissions triggered by the (few) carbon-intensive activities we initiate such as our annual founder summit. We are monitoring and evaluating our carbon intensity and the effectiveness of the carbon offset schemes we invest in on a regular basis, aiming to continuously optimize our routines and the carbon credits we buy to get as close to true carbon neutrality as possible.