Established in 1977, New Enterprise Associates (NEA) is headquartered in Chevy Chase, Maryland, United States. It has offices in Menlo Park, San Francisco, New York, and the Washington, D.C. metropolitan area. NEA invests in technology and healthcare companies at all stages in a company's lifecycle. Its portfolio includes more than 260 company IPOs and more than 440 mergers and acquisitions.
In terms of its approach to senior leadership accountability, New Enterprise Associates has an opportunity to assign responsibility for sustainability to its highest governing body and link the remuneration of its executive and management teams to sustainability performance criteria. No evidence was found that the financial institution is committed to gender equality and women’s empowerment. It has an opportunity to disclose the proportion of women in its highest governing body and in senior leadership roles as well as how it addresses any gender pay gaps. The financial institution has an opportunity to describe its engagement approach on sustainability themes and impact topics with investees.
There is no evidence that New Enterprise Associates discloses a target to reach net-zero financed emissions by 2050. It has an opportunity to disclose the key sectors and companies it has identified as priorities to engage with on climate change, specifically on the alignment with the Paris Agreement. The financial institution also has an opportunity to disclose its investment activities devoted to climate solutions. Regarding nature and biodiversity, no evidence was found that the New Enterprise Associates is committed to minimising its negative impacts or financing regenerative solutions.
There is no evidence that New Enterprise Associates has a publicly available policy statement committing it to respect human rights laid out in the UN Guiding Principles and the ILO declaration on fundamental rights at work. It has an opportunity to describe a comprehensive process for identifying its human rights risks and impacts across all its activities, especially its investment activities. It also has an opportunity to disclose the proportion of its total direct operations workforce for each employee category by age group, gender or another indicator of diversity. To provide transparency on financial inclusivity, the financial institution has an opportunity to disclose the amount of investments directed towards, for example women-owned business, small and medium-sized enterprises or low-income developing countries.