Three Hills Sustainability Report 2025/2026

In a year defined by geopolitical change and market volatility, Three Hills closed its first impact fund above target at c.€300 million and renewed its B Corp certification with a top-tier score of 134.5 — proof that treating sustainability as a long-term value creation lever holds firm through periods of disruption.

We are pleased to share the sixth edition of Three Hills’ annual Sustainability Report — a reflection of the progress, challenges and continued ambition that have shaped our past year.

This year’s report is published against a backdrop of geopolitical change, market volatility, and evolving sustainability regulation. Within these everchanging dynamics, Three Hills has continued to scale and refine its sustainability approach across the firm and portfolio, embedding ESG and impact considerations throughout the investment cycle and using sustainability as a long-term value creation lever.

“We have the opportunity to build capacity in what we think are our shared values and adjust our approach towards how we contribute to sustainable development as we regroup in times of political change.”

Mauro Moretti, Founder & CEO

Over the past year, Three Hills Capital Solutions, classified as Article 8 under the EU Sustainable Finance Disclosure Regulation (SFDR), completed two investments: Mechitronic, a European leader in packaging machinery manufacturing, and Socomore, a global leader in surface treatment solutions for the aerospace and industrial sectors. Three Hills Impact, our lower mid-market strategy with a focus on sustainable investments, surpassed its fundraising target with c.€300 million of capital commitments, including co-investments and managed vehicles. To date, over 40% of that capital has been invested across six businesses aligned with our People, Planet and Progress thematic pillars: Hispatec, Operam Education, Sinewave, Smartbox, Les Secrets de Loly and ISFA. All investments in Three Hills Impact feature robust and measurable impact theses, whilst materially contributing to select United Nations Sustainable Development Goals (UN SDGs).

At firm-level, we successfully renewed our B Corp certification, achieving a score of 134.5, up from 126.1 at our initial certification and significantly above the 80-point qualifying threshold. We also continued to promote ESG data transparency through our commitment towards the ESG Data Convergence Initiative (EDCI) and make progress under the UN PRI annual assessment, achieving a 5-star rating across all modules and a top-decile global ranking.

Our ambition remains clear: to partner with entrepreneurs to build resilient, future-proof businesses that can deliver attractive returns while contributing to positive outcomes for people and the planet. We hope this report provides a transparent view of how we are putting this ambition into practice across our strategies — and how we are continuing to learn, evolve and build for the long term.

We invite you to explore our progress and initiatives through the full report by clicking here.