Empowering investors with an
open-source environmental metric

Founding partners: Sycomore Factory, OFI, SWEN Capital Partners, Eurinvest
A methodology by: I Care & Consult, Quantis and Sycomore AM

The Net Environmental Contribution Initiative

More and more investors prefer activities that contribute to the transition to a sustainable economy, but until now, financial decision-makers lacked the tools to drive that change. The Net Environmental Contribution Initiative offers a revolutionarily-new way to measure the environmental impact of economic activities.

The NEC tool is the only holistic and sector-specific environmental metric created by financial practitioners, for practitioners. This metric will change the way the financial sector approaches sustainable investing by guiding investors to choose investments that drive the transformation to a greener, more resilient economy.

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As sustainable finance flourishes, different shades of “green” have emerged. Much like financial indicators or ratings, environmental metrics guide decision making by providing investors with insight into the risks and opportunities that lie in their portfolios.

Dimitri Caudrelier


Our aim was to provide a simple answer to a complex question: ‘Does this business, company, fund or index contribute to the environmental and energy transition?’ Our coherent and holistic tool has been tested on over 2,500 stocks and bonds.

Jean-Guillaume Péladan

Head of Environmental Strategy
Sycomore AM

We are honoured to provide academic research support to the NEC Initiative, which is paving the way to robust impact assessment of the investment industry.

Jean-Michel Beacco

Institut Louis Bachelier

We need to move from a #marktomarket to a #marktoplanet approach for considering the way we invest. There is no way this will happen if we don’t go beyond principles and statements and start working on the system itself, its metrics and its incentives. The NEC initiative is an important step forward.

Bertrand Badré

CEO and founder
Blue like an Orange Sustainable Capital

Our clients’ interest in the NEC has grown considerably and we have applied this indicator across different asset classes: listed companies, private equity, infrastructure and real estate. Investors are interested in the wide-ranging nature of its sector applications, its ability to integrate the full range of environmental issues relevant to specific industries, and its discriminatory power.

Guillaume Neveux

I Care & Consult