Climate change is the biggest challenge of our time, as global emissions need to be halved every decade from now to reach net-zero and the Paris Agreement by 2050. Accelerating the transition to a sustainable future is everyone’s responsibility, and at the same time, an enormous opportunity. That is the idea behind Vargas.

Vargas is acknowledged as one of the most innovative companies of 2023 by Fast Company, and ranked as number six in the energy and sustainability category, due to its work of identifying under-explored opportunities in climate tech and building scalable impact companies from scratch.

“We are honored to be acknowledged as one of the most innovative companies of 2023 by Fast Company. Our portfolio companies Polarium, Northvolt and H2 Green Steel are all underway to change their industry verticals. But it is only the beginning. We are continuously looking for additional decarbonisation opportunities,” says Carl-Erik Lagercrantz, CEO of Vargas.