When evaluating a potential investment, Priveq considers the target company’s values, principles and its business operations. Priveq’s requirement is that the company satisfies Priveq’s guidelines and standards on ESG issues, or Priveq judges in its capacity as owner, Priveq will be able to change the company’s attitudes and conduct on these matters.
Priveq puts a special emphasis on a number of core values and principles that are summarised in the following points.
- Staff and employee’s rights—the investee company should comply with the ILO’s (the UN agency promoting human and labour rights) core conventions, which include respect for employees’ rights of free association, the rights to organise and negotiate collectively and the right of equal pay regardless of sex. They should avoid investing in, and appointing, companies and organisations that utilise child labour and forced labour, and companies that discriminate against employees on the basis of factors such as race, sex and age. The working conditions of the companies Priveq invests in should satisfy basic health and safety standards, regardless of what parts of the world operations are conducted in.
- Environment—the investee company should contribute to an environmentally sustainable society and consume natural resources respectfully.
- Anti-corruption—Priveq does not accept corruption, including bribery, blackmail and money laundering.
- Non-investable sectors—Priveq does not invest in companies whose main business is in the defence industry, tobacco, pornography and gaming.