Hybrid Equity is a new fund manager within Old Mutual Alternative Investments, with Fund I recently launched. The fund provides financing to broad-based black economic empowerment (BBBEE) shareholders as the direct investments, who take up shareholding in portfolio companies. The data below represents the portfolio companies that Hybrid Equity backed parties invest in and therefore are viewed as secondary or indirect performance.
From a carbon perspective, the investments within the fund had a Scope 1 footprint of 376,510 tCO2e, Scope 2 footprint of 88,119 tCO2e and Scope 3 footprint of 642 tCO2e. Therefore, the total carbon footprint for the fund in 2021 was 465,271 tCO2e. One of the portfolio companies, through renewable energy generation, achieved a carbon reduction of 1,468 tCO2e.
Fund I supported 25,934 employees as at December 2021, of which 23% were female and 28% of management were female. Overall, 88% of employees were historically disadvantaged South Africans (HDSAs). Management within the portfolio companies had 9% HDSA females and 20% HDSA males.
Within the portfolio companies there were 3 fatalities and 310 lost time injuries, with a lost time injury rate of 0.75. Total days due to lost time injuries was 4,399 while 1,854 training hours on health and safety were delivered in 2021 to employees and contractors.