NiXEN ESG approach has been built progressively. We formalised in 2013 our ESG commitments in a dedicated Charter. NiXEN takes into account ESG at every step of its investment strategy: from the analysis of a potential new investment to the monitoring of a portfolio company.
In the by-laws of the NiXEN II fund, we have undertaken to refrain from investing in specific sectors.
The integration of ESG in our portfolio relies in the first place on a prior analysis of any future investment. Our commitments are the following to: systematically conduct ESG due diligence prior to any new investment, include a section dedicated to ESG in the Investment Committee memoranda, examine the results of this ESG due diligence with the management team, include a specific clause in the shareholder agreements.
The completion of this specific due diligence before every new investment notably enables us to: enlarge our upstream appraisal of the ESG issues, identify complementary sources of value creation, build an initial ESG action plan, start to inculcate sharing of the values we uphold in our future investments.