Portfolio — Dragonfly Enviro Capital

Stories of real-world progress.

Each investment represents a chapter in the environmental transition – accelerating measurable impact while delivering enduring financial performance.

Our portfolio

Jet Zero Australia

Aviation plays a critical role in connecting people and economies, but it remains one of the hardest sectors to decarbonise. With climate targets tightening and few near-term alternatives to liquid fuels, reducing emissions from flight will depend on practical, scalable solutions that work within today’s aviation systems.
Jet Zero is Australia’s leading developer of Sustainable Aviation Fuel (SAF), delivering large-scale projects that convert agricultural and waste feedstocks into lower-carbon jet fuel. By combining proven and emerging technologies, Jet Zero is accelerating domestic SAF production — supporting lower-carbon flight, strengthening Australia’s energy resilience and creating regional economic opportunity.
UN SDGs addressed: 7; 12; 13

Pacific Biotechnologies Australia

Excess nutrients in wastewater are a growing challenge for waterways, contributing to pollution, algal blooms and long-term ecosystem damage. Pacific Biotechnologies addresses this challenge through proprietary macro-algal bioremediation systems that improve water quality naturally. Its RegenAqua technology provides a low-cost, carbon-negative solution that removes nutrient pollution, while converting waste streams into valuable outputs – such as fertiliser, biofuels and nutraceutical inputs.
With an operational project in regional Queensland, growing industry recognition, and active engagement with major water authorities across Eastern Australia, Pacific Biotechnologies is well positioned to scale nature-based infrastructure supporting healthier waterways and a more circular, resource-efficient economy.
UN SDGs addressed: 3; 6; 11; 14

National Renewable Network

As energy costs rise and grid pressures intensify, access to rooftop solar remains uneven.
National Renewable Network (NRN) funds and installs residential solar battery systems at no upfront cost to homeowners. By aggregating distributed storage, energy retailers can access stored electricity during peak demand, improving grid performance and reducing reliance on fossil-fuel generation.
With plans to deploy systems across hundreds of thousands of Australian homes by 2030, NRN is scaling distributed infrastructure to lower household costs and strengthen energy resilience.
UN SDGs addressed: 7; 13; 11

Northstar Impact Funds

Many investors want their capital to do more than generate returns. As Australia’s leading impact investment manager and the country’s only RIAA-certified impact investment fund, NorthStar Impact invests in publicly listed ASX companies addressing meaningful social and environmental challenges in Australia and globally.
Through thoughtful capital allocation and active engagement, NorthStar supports businesses in growing their impact while delivering competitive financial returns. Clear measurement and transparent reporting ensure investors can see the progress being made - both financially and in real-world outcomes.

UN SDGs addressed: 3; 10; 11; 4; 13

Sharp Day

Too often, nature in development and construction is treated as a constraint rather than an asset — leading to missed value and poorer long-term outcomes.
Sharp Day is a specialist real estate development advisory helping shape cities where commercial success, liveability and nature can thrive together. Led by Dragonfly’s Nigel Sharp and award-winning urban designer Mike Day, Sharp Day brings decades of practical experience across planning, design and delivery.
Through its nature-positive urbanism approach, the firm works with developers to improve project outcomes while protecting ecological value.
UN SDGs addressed: 9; 11; 13; 15

Melbourne Skyfarm

Cities are growing denser, yet access to green space and local food production is increasingly limited.
Melbourne Skyfarm’s response to this challenge involved transforming a 2,000m² rooftop car park in Docklands into a working urban farm. The site demonstrates how efficient, high-yield agriculture can thrive in dense city settings, offering practical models for local food production.
With final planning approvals underway, Skyfarm will also serve as a platform for education and engagement – connecting communities to food systems, urban sustainability, and our evolving relationship with nature.
UN SDGs addressed: 4; 11; 13; 9

Mt Rothwell Biodiversity Solutions

Across Australia, native wildlife continues to face pressure from habitat loss and feral predators. Reversing this decline depends on creating safe, predator-free environments.
Mt Rothwell is a 473-hectare protected ecosystem of grasslands and woodlands bordering Victoria’s You Yangs Regional Park.The sanctuary generates income through vegetation offsets and donations, while running a leading breeding program for endangered species including eastern barred bandicoots, quolls, bettongs and southern brush-tailed rock-wallabies.
Through conservation, education and carefully managed visitor experiences, Mt Rothwell helps ensure threatened species have a future in the wild.
UN SDGs addressed: 15; 13; 4

Downforce Technologies

Soil plays a critical role in farm productivity, biodiversity and climate outcomes – yet measuring soil health and carbon at scale remains slow, expensive and inconsistent.
Downforce Technologies addresses this challenge with science-led, data-driven solutions that optimise soil health, soil organic carbon (SOC) and biodiversity. Using advanced algorithms and satellite imagery, the platform measures and predicts SOC at scale, delivering fast, consistent and cost-effective monitoring across broad-acre farmland.
By generating reliable soil carbon data, Downforce enables credible carbon projects, supports regenerative farming practices and integrates farm emissions into supply-chain climate reporting — positioning soil as a measurable, investable climate asset.
UN SDGs addressed: 9; 12; 13; 15

Our Trace

As emissions reporting requirements increase and expectations around climate action rise, many businesses are struggling to understand their carbon footprint, let alone reduce it.
Trace is an award-winning digital platform that helps businesses measure, reduce and offset their carbon emissions, while tracking impact over time. Powered by an AI-driven engine, Trace accelerates data collection for small and mid-sized enterprises, delivering supply-chain-ready reporting, and practical recommendations to reduce carbon intensity.
Well positioned to scale globally, Trace enables businesses to move from compliance to credible climate progress.
UN SDGs addressed: 12; 13; 9

The Water and Carbon Group

Persistent and harmful pollutants like PFAS and PFOA are increasingly present in landfill leachate and wastewater, threatening water quality and public health. As standards tighten, operators need treatment solutions that are proven, effective and able to scale.
Operating globally, Water & Carbon Group (WCG) develops advanced treatment systems for landfill leachate, as well as municipal and industrial wastewater – delivering critical infrastructure that removes pollutants, protects waterways, and safeguards communities.
UN SDGs addressed: 3; 6; 9; 13

Melbourne Impact Hub

Social enterprises often struggle to access secure, affordable space – limiting their ability to grow, create jobs and deliver social impact. Melbourne Impact Hub is an industrial property in Braybrook that brings impact investors together to support social enterprises through beneficial, long-term lease arrangements.
Managed by White Box Enterprises, the hub is home to Greencollect – a recycling business creating employment opportunities for people facing barriers to work – and YMCA ReBuild, which supports young people with lived experience of the justice system into meaningful employment. Together, the site demonstrates how disciplined capital and property can deliver stable returns while enabling inclusive economic participation and lasting social impact.
UN SDGs addressed: 11; 8

Anakie Longview

As development accelerates, high-value bushland is increasingly at risk, placing growing pressure on biodiversity and fragile ecosystems.
Anakie Longview is a Victorian natural capital project protecting 585 hectares of native bushland on the edge of the Brisbane Ranges National Park. The site secures long-term biodiversity outcomes in a region of significant ecological importance, while generating sustainable returns.
Through the sale of vegetation offsets, Anakie Longview delivers strong financial performance while safeguarding critical habitat for threatened and vulnerable arboreal species – demonstrating how capital can work in service of nature, not at its expense.
UN SDGs addressed: 15; 13; 12