Watershed Case Studies Sustainability and Net Zero: A Case Study on Haveli Investments
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Sustainability and Net Zero: A Case Study on Haveli Investments

Watershed
Networks & Connectivity - RFID
Finance & Insurance
Time Sensitive Networking
Lucas Joppa, the Chief Sustainability Officer and Senior Managing Director at Haveli Investments, faced the challenge of integrating sustainability into the core operations of the rapidly growing investment firm. Having previously served as the Chief Environmental Officer at Microsoft, Joppa had the experience of putting a company on a net zero trajectory. However, the challenge at Haveli was not only to achieve net zero for the firm itself but also to ensure that its portfolio companies were on the same trajectory. The world needed proof that it was possible for companies to operate as net zero entities, and Joppa was determined to provide that proof. Another challenge was to ensure transparency in the company's sustainability efforts and to communicate these efforts effectively to the public in a time when sustainability and net zero transitions were sensitive issues.
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Haveli Investments is a new and rapidly growing investment firm led by Brian Sheth, the former President of Vista Equity Partners. The firm is focused on achieving net zero carbon emissions and is committed to integrating sustainability into its core operations and those of its portfolio companies. Haveli Investments recognizes the importance of transparency in its sustainability efforts and aims to communicate its progress effectively to the public. The firm is also committed to helping other companies achieve net zero emissions, demonstrating that it is possible to operate as a net zero entity.
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Joppa's approach to the challenge was to focus on putting as many companies as possible on a net zero trajectory. He believed that software would be at the core of a net zero carbon economy and aimed to demonstrate that future software solutions could be run as net zero solutions. Haveli Investments completed its carbon footprint and carbon removal purchase with Watershed, marking a significant step towards its sustainability goals. The next step was to integrate sustainability requirements and framework into the operations of its portfolio companies from the start, with the aim of creating a net zero portfolio. Joppa emphasized the importance of transparency in sustainability efforts, advising companies to clearly communicate their sustainability goals and progress. He also stressed the need for companies to align their sustainability discourse with their core corporate competency.
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The operational results of Haveli Investments' sustainability efforts are evident in its commitment to transparency and its focus on integrating sustainability into its core operations and those of its portfolio companies. The firm has successfully completed its carbon footprint and carbon removal purchase with Watershed, marking a significant step towards its sustainability goals. By integrating sustainability requirements and framework into the operations of its portfolio companies from the start, Haveli Investments is working towards creating a net zero portfolio. The firm's approach to sustainability, which includes clear communication of its goals and progress, has helped to normalize the concept of net zero as an operational criterion. This has not only benefited Haveli Investments but also serves as a model for other companies aiming to achieve net zero emissions.
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