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Priveq Advisory AB

PRI reporting framework 2017

You are in Direct – Private Equity » Overview


PE 01. Breakdown of investments by strategy (Private)

PE 02. Typical level of ownership (Private)

PE 03. Description of approach to RI

03.1. Provide a brief overview of your organisation’s approach to responsible investment in private equity.

The responsible investment policy describes what Priveq takes into account when investing in a company. At the time of investment and during the holding period. When evaluating a potential investment, we consider the target company's values, principles and its business operations. Our requirement is that the company satisfies Priveq's guidelines and standards on ESG issues, or that we judge that in our capacity as owner, we can change the company's attitude and conduct on these issues. In short Priveq's guidelines and policies are summarized below:

  • Being businesslike - in all contexts, Priveq and its employees shall conduct themselves in a businesslike manner and be perceived as a good business partner to portfolio companies, suppliers, investors and other partners.
  • HR and employee rights - Priveq and our portfolio companies shall comply with ILO (the UN specialised agency on labour rights) core conventions.
  • Environment - Priveq and our portfolio companies should endeavour to contribute to an environmentally sustainable society and utilise the earth's resources respectfully.
  • Anti-corruption - Priveq does not accept itself or its portfolio companies becoming involved in corruption, including bribery, extortion and money laundering.
  • Non-investible sectors - Priveq does not invest in companies whose primary operations are in the war industry, gaming and gambling, tobacco and pornography.

PE 04. Investment guidelines and RI

04.1. Indicate if your organisation’s investment guidelines for private equity refer to responsible investment.

04.2. Describe how your organisation’s investment guidelines outline your expectations on staff and portfolio companies’ approach towards ESG issues [Optional].

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. With Priveq as a partner of a company, we promote the creation of a ESG policy, and that these matters are dealt with at Board level on a continuous basis.

Priveq designates an Investment Manager who ensures that ESG is conducted in a professional and responsible manner within Priveq and its portfolio companies. Each Investment Manager is accountable for the preparation of a ESG policy and Code of Conduct in each portfolio company, which incorporates Priveq’s principles as far as possible. ESG Managers compile annual reports that are presented to Priveq’s Boards, and a summary is sent to Priveq’s LPs.