ESG & Impact
full time jobs supported
tons of CO2 emissions avoided over a 4-year period
2X Certification
2X Certification
2X Certification
Fund III achieved Best-in-Class status
US$
US$
US$
M
M
M
taxes paid in 2024
>
M
M
M
customers served in 2024
students
students
students
enrolled in 6 years
Read our Impact Report 2024
Read our Impact Report 2024
Read our Impact Report 2024
The report highlights how, throughout the year, we delivered meaningful change across our three core impact pillars: gender equity, climate action and job quality.
The report highlights how, throughout the year, we delivered meaningful change across our three core impact pillars: gender equity, climate action and job quality.
The report highlights how, throughout the year, we delivered meaningful change across our three core impact pillars: gender equity, climate action and job quality.
Promoting Gender Equity in Investments
In 2024, Verod became the first PE Firm to achieve the Best-in-Class 2X Certification, reflecting our leadership in gender lens investing (GLI), our track record of championing women-led businesses, and prioritizing gender equity internally. Our gender-smart policies drive operations, reflected in our balanced team and Investment Committee. We've dedicated resources to embedding GLI, focusing on opportunities, enhancing investment approaches, and offering tailored gender action plans and over 80% of our portfolio meets 2X Criteria. Strategic partnerships with 100 Women in Finance Nigeria, Women in Healthcare Network, ILPA Diversity in Action, and 2X Global reinforce our commitment to gender equity.
Creating decent work and driving inclusive growth
Africa's economic growth is propelled by governance enhancements, sectoral reforms, and its vibrant, innovative youth. This transformational momentum creates fresh investment avenues and revolutionizes industries. Verod, in tackling poverty, fosters inclusive growth, generating 4,200 jobs in 2023, benefiting society across all strata. Committed to equitable development, we actively contribute to Africa's sustainable and inclusive economic narrative.
Fostering Climate Action Through Sustainable Investing
Our sustainable investing strategy prioritizes climate action, aligning with SDG 13.2.2 by integrating climate initiatives into our investment approach. This encompasses climate risk assessments, action plans, and Environmental and Social initiatives as core elements of our ESG/Impact analysis. Implementing an effective emissions tracking system, we've successfully managed emissions across our portfolio companies. Promoting energy-efficient technologies and transitioning to sustainable energy sources, we've reduced CO2 emissions by 17,452 tons over four years.
Promoting Gender Equity in Investments
In 2024, Verod became the first PE Firm to achieve the Best-in-Class 2X Certification, reflecting our leadership in gender lens investing (GLI), our track record of championing women-led businesses, and prioritizing gender equity internally. Our gender-smart policies drive operations, reflected in our balanced team and Investment Committee. We've dedicated resources to embedding GLI, focusing on opportunities, enhancing investment approaches, and offering tailored gender action plans and over 80% of our portfolio meets 2X Criteria. Strategic partnerships with 100 Women in Finance Nigeria, Women in Healthcare Network, ILPA Diversity in Action, and 2X Global reinforce our commitment to gender equity.
Africa's economic growth is propelled by governance enhancements, sectoral reforms, and its vibrant, innovative youth. This transformational momentum creates fresh investment avenues and revolutionizes industries. Verod, in tackling poverty, fosters inclusive growth, generating 4,200 jobs in 2023, benefiting society across all strata. Committed to equitable development, we actively contribute to Africa's sustainable and inclusive economic narrative.
Driving Inclusive Growth in Africa
Our sustainable investing strategy prioritizes climate action, aligning with SDG 13.2.2 by integrating climate initiatives into our investment approach. This encompasses climate risk assessments, action plans, and Environmental and Social initiatives as core elements of our ESG/Impact analysis. Implementing an effective emissions tracking system, we've successfully managed emissions across our portfolio companies. Promoting energy-efficient technologies and transitioning to sustainable energy sources, we've reduced CO2 emissions by 17,452 tons over four years.
Fostering Climate Action Through Sustainable Investing
Promoting Gender Equity in Investments
In 2024, Verod became the first PE Firm to achieve the Best-in-Class 2X Certification, reflecting our leadership in gender lens investing (GLI), our track record of championing women-led businesses, and prioritizing gender equity internally. Our gender-smart policies drive operations, reflected in our balanced team and Investment Committee. We've dedicated resources to embedding GLI, focusing on opportunities, enhancing investment approaches, and offering tailored gender action plans and over 80% of our portfolio meets 2X Criteria. Strategic partnerships with 100 Women in Finance Nigeria, Women in Healthcare Network, ILPA Diversity in Action, and 2X Global reinforce our commitment to gender equity.
Africa's economic growth is propelled by governance enhancements, sectoral reforms, and its vibrant, innovative youth. This transformational momentum creates fresh investment avenues and revolutionizes industries. Verod, in tackling poverty, fosters inclusive growth, generating 4,200 jobs in 2023, benefiting society across all strata. Committed to equitable development, we actively contribute to Africa's sustainable and inclusive economic narrative.
Driving Inclusive Growth in Africa
Our sustainable investing strategy prioritizes climate action, aligning with SDG 13.2.2 by integrating climate initiatives into our investment approach. This encompasses climate risk assessments, action plans, and Environmental and Social initiatives as core elements of our ESG/Impact analysis. Implementing an effective emissions tracking system, we've successfully managed emissions across our portfolio companies. Promoting energy-efficient technologies and transitioning to sustainable energy sources, we've reduced CO2 emissions by 17,452 tons over four years.
Fostering Climate Action Through Sustainable Investing
Promoting Gender Equity in Investments
In 2024, Verod became the first PE Firm to achieve the Best-in-Class 2X Certification, reflecting our leadership in gender lens investing (GLI), our track record of championing women-led businesses, and prioritizing gender equity internally. Our gender-smart policies drive operations, reflected in our balanced team and Investment Committee. We've dedicated resources to embedding GLI, focusing on opportunities, enhancing investment approaches, and offering tailored gender action plans and over 80% of our portfolio meets 2X Criteria. Strategic partnerships with 100 Women in Finance Nigeria, Women in Healthcare Network, ILPA Diversity in Action, and 2X Global reinforce our commitment to gender equity.
Africa's economic growth is propelled by governance enhancements, sectoral reforms, and its vibrant, innovative youth. This transformational momentum creates fresh investment avenues and revolutionizes industries. Verod, in tackling poverty, fosters inclusive growth, generating 4,200 jobs in 2023, benefiting society across all strata. Committed to equitable development, we actively contribute to Africa's sustainable and inclusive economic narrative.
Driving Inclusive Growth in Africa
Our sustainable investing strategy prioritizes climate action, aligning with SDG 13.2.2 by integrating climate initiatives into our investment approach. This encompasses climate risk assessments, action plans, and Environmental and Social initiatives as core elements of our ESG/Impact analysis. Implementing an effective emissions tracking system, we've successfully managed emissions across our portfolio companies. Promoting energy-efficient technologies and transitioning to sustainable energy sources, we've reduced CO2 emissions by 17,452 tons over four years.
Fostering Climate Action Through Sustainable Investing
Impact Case Studies
West Africa’s largest renewables company
Daystar Power, active in four countries with over 300 installations and 36 MW of solar capacity, specializes in captive power solutions for commercial and industrial clients. The company has significantly reduced CO2 emissions by 30,500 tons and addressed the gender gap by employing 28 female solar engineers, also cutting client energy costs by about 30%. Verod's investment aimed to bridge Africa's energy gap by supporting a key off-grid energy provider, successfully exiting in 2022 through a sale to Shell Energy.
West Africa’s largest apparel manufacturer
DTRT, West Africa's leading apparel manufacturer based in Ghana, exports over 10 million units annually to the U.S. With Verod's investment, DTRT grew from 41 to over 2,600 jobs in five years, emphasizing the employment of women and leadership, especially from local communities with limited formal education. DTRT focuses on empowering women, including those with disabilities, with skills in garment technology, advancing some to supervisory roles. Our collective aim is to drive business competitiveness while promoting economic, social, and environmental benefits through the global apparel sector.
Nigeria’s largest retail pharmacy chain
In Nigeria, a country with over 211 million people and a high disease burden, including malaria, tuberculosis, and HIV/AIDS, access to authentic medicines is crucial yet challenging, with only 58% of the population having access to essential drugs. Medplus, the largest retail pharmacy chain in Nigeria, plays a vital role in improving this access through its extensive network, offering affordable, genuine medications, wellness products, and supplements. With plans to expand, Medplus, supported by Verod, also provides expert counselling, maternal health screenings, and chronic disease management to address Nigeria's healthcare needs effectively.
West Africa’s largest renewables company
Daystar Power, active in four countries with over 300 installations and 36 MW of solar capacity, specializes in captive power solutions for commercial and industrial clients. The company has significantly reduced CO2 emissions by 30,500 tons and addressed the gender gap by employing 28 female solar engineers, also cutting client energy costs by about 30%. Verod's investment aimed to bridge Africa's energy gap by supporting a key off-grid energy provider, successfully exiting in 2022 through a sale to Shell Energy.
West Africa’s largest apparel manufacturer
DTRT, West Africa's leading apparel manufacturer based in Ghana, exports over 10 million units annually to the U.S. With Verod's investment, DTRT grew from 41 to over 2,600 jobs in five years, emphasizing female employment and leadership, especially from local communities with limited formal education. DTRT focuses on empowering women, including those with disabilities, with skills in garment technology, advancing some to supervisory roles. Our collective aim is to drive business competitiveness while promoting economic, social, and environmental benefits through the global apparel sector.
Nigeria’s largest retail pharmacy chain
In Nigeria, a country with over 211 million people and a high disease burden, including malaria, tuberculosis, and HIV/AIDS, access to authentic medicines is crucial yet challenging, with only 58% of the population having access to essential drugs. Medplus, the largest retail pharmacy chain in Nigeria, plays a vital role in improving this access through its extensive network, offering affordable, genuine medications, wellness products, and supplements. With plans to expand, Medplus, supported by Verod, also provides expert counselling, maternal health screenings, and chronic disease management to address Nigeria's healthcare needs effectively.
West Africa’s largest renewables company
Daystar Power, active in four countries with over 300 installations and 36 MW of solar capacity, specializes in captive power solutions for commercial and industrial clients. The company has significantly reduced CO2 emissions by 30,500 tons and addressed the gender gap by employing 28 female solar engineers, also cutting client energy costs by about 30%. Verod's investment aimed to bridge Africa's energy gap by supporting a key off-grid energy provider, successfully exiting in 2022 through a sale to Shell Energy.
West Africa’s largest apparel manufacturer
DTRT, West Africa's leading apparel manufacturer based in Ghana, exports over 10 million units annually to the U.S. With Verod's investment, DTRT grew from 41 to over 2,600 jobs in five years, emphasizing female employment and leadership, especially from local communities with limited formal education. DTRT focuses on empowering women, including those with disabilities, with skills in garment technology, advancing some to supervisory roles. Our collective aim is to drive business competitiveness while promoting economic, social, and environmental benefits through the global apparel sector.
Nigeria’s largest retail pharmacy chain
In Nigeria, a country with over 211 million people and a high disease burden, including malaria, tuberculosis, and HIV/AIDS, access to authentic medicines is crucial yet challenging, with only 58% of the population having access to essential drugs. Medplus, the largest retail pharmacy chain in Nigeria, plays a vital role in improving this access through its extensive network, offering affordable, genuine medications, wellness products, and supplements. With plans to expand, Medplus, supported by Verod, also provides expert counselling, maternal health screenings, and chronic disease management to address Nigeria's healthcare needs effectively.
West Africa’s largest renewables company
Daystar Power, active in four countries with over 300 installations and 36 MW of solar capacity, specializes in captive power solutions for commercial and industrial clients. The company has significantly reduced CO2 emissions by 30,500 tons and addressed the gender gap by employing 28 female solar engineers, also cutting client energy costs by about 30%. Verod's investment aimed to bridge Africa's energy gap by supporting a key off-grid energy provider, successfully exiting in 2022 through a sale to Shell Energy.
West Africa’s largest apparel manufacturer
DTRT, West Africa's leading apparel manufacturer based in Ghana, exports over 10 million units annually to the U.S. With Verod's investment, DTRT grew from 41 to over 2,600 jobs in five years, emphasizing female employment and leadership, especially from local communities with limited formal education. DTRT focuses on empowering women, including those with disabilities, with skills in garment technology, advancing some to supervisory roles. Our collective aim is to drive business competitiveness while promoting economic, social, and environmental benefits through the global apparel sector.
Nigeria’s largest retail pharmacy chain
In Nigeria, a country with over 211 million people and a high disease burden, including malaria, tuberculosis, and HIV/AIDS, access to authentic medicines is crucial yet challenging, with only 58% of the population having access to essential drugs. Medplus, the largest retail pharmacy chain in Nigeria, plays a vital role in improving this access through its extensive network, offering affordable, genuine medications, wellness products, and supplements. With plans to expand, Medplus, supported by Verod, also provides expert counselling, maternal health screenings, and chronic disease management to address Nigeria's healthcare needs effectively.
Awards & Recognition
2023
Deal of the Year
2022
Private Equity Deal of the Year
2020
Small Cap Deal of the Year (DTRT Apparel)
2020
Social Impact Portfolio Award (Emzor Pharmaceuticals)
2020
Regional Investor of the Year (West Africa)
West African Fund manager of the Year
2018
Small Cap Deal of the Year
2016
Special Recognition Outstanding First-Time
2013
Regional Investor of the Year - West Africa
2013
Exit of the Year Large Cap
2023
Deal of the Year
2022
Private Equity Deal of the Year
2020
Small Cap Deal of the Year (DTRT Apparel)
2020
Social Impact Portfolio Award (Emzor Pharmaceuticals)
2020
Regional Investor of the Year (West Africa)
West African Fund manager of the Year
2018
Small Cap Deal of the Year
2016
Special Recognition Outstanding First-Time
2013
Regional Investor of the Year - West Africa
2013
Exit of the Year Large Cap
2023
Deal of the Year
2022
Private Equity Deal of the Year
2020
Small Cap Deal of the Year (DTRT Apparel)
2020
Social Impact Portfolio Award (Emzor Pharmaceuticals)
2020
Regional Investor of the Year (West Africa)
West African Fund manager of the Year
2018
Small Cap Deal of the Year
2016
Special Recognition Outstanding First-Time
2013
Regional Investor of the Year - West Africa
2013
Exit of the Year Large Cap
2023
Deal of the Year
2022
Private Equity Deal of the Year
2020
Small Cap Deal of the Year (DTRT Apparel)
2020
Social Impact Portfolio Award (Emzor Pharmaceuticals)
2020
Regional Investor of the Year (West Africa)
West African Fund manager of the Year
2018
Small Cap Deal of the Year
2016
Special Recognition Outstanding First-Time
2013
Regional Investor of the Year - West Africa
2013
Exit of the Year Large Cap
Partnerships & Memberships
Verod Foundation
Verod is committed to economic and environmental sustainability, climate risk mitigation, and fostering equitable societies. Our initiatives in Africa focus on education, poverty alleviation, job creation, gender equity, and food sufficiency.
We are defined by our community – and we simply cannot and do not want to isolate ourselves from the challenges that our society bears.”
– Danladi Verheijen
The Verod Foundation champions education through school adoptions, literacy programs, mentorship, and competitions, with a special emphasis on opportunities for women. Environmentally, we've encouraged recycling and advocated for sustainable practices among our partners. Our goal is to create transformative impact and broaden opportunities in our communities.
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©2024
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Want to stay up to date with Verod & industry insights?
©2024
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