Impact Stories
SciDev
About this company
SciDev is a leader in environmental solutions focused on water-intensive industries. Their solutions allow clients to reuse water, improve operational efficiencies and reduce their environmental footprints. They deliver world-leading chemistry and water treatment technology with end-to-end support from specialist scientists and engineers.
What makes this business ethical?
As a company, SciDev is reducing industrial consumption of fresh water and levels of wastewater. They are supporting the communities in which they operate, building a culture that respects and embraces diversity in the workplace and the wider community, and working to solve the growing global issue of per- and polyfluoroalkyl substances (PFAS).
Why Pathfinder invested
SciDev announced in September 24 that their last financial year-to-date (FY24) was the most significant they have had. This positive result was on top of three consecutive years of improved organic revenue and operating performance. They were also named in the Financial Times High-Growth Companies list in March 24.
On top of being a growth company, Pathfinder believe that the products and services SciDev offer have a significant place in the future of water and water technology, can contribute towards a number of the United Nation Sustainable Development Goals and assist with the global water crisis due to the innovative solutions they offer. For example, an announcement by Sydney District Council in August this year, saying they found ‘forever chemicals’ (PFAS) in Sydney’s drinking water, is something SciDev is well equipped to help with.
SciDev were one of the first companies our flagship Global Water Fund invested with in 2010. Additionally, they now feature in our Ethical Trans-Tasman Fund, our Ethical Growth Fund and all our KiwiSaver Funds.
How will your investment in this company make a difference?
At Pathfinder we believe in investing for the world we want, not the world we have, so we can create a brighter future. Investing in a company like SciDev can support them to grow (the more demand there is for shares, the higher the company is valued and this allows them to raise more capital). The more they grow the more impact they can have on addressing some of the world’s most pressing water challenges.