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NiXEN Partners

PRI reporting framework 2018

You are in Strategy and Governance » Investment policy

Investment policy

SG 01. RI policy and coverage

New selection options have been added to this indicator. Please review your prefilled responses carefully.

01.1. Indicate if you have an investment policy that covers your responsible investment approach.

01.2. Indicate the components/types and coverage of your policy.

Select all that apply

Policy components/types

Coverage by AUM

01.3. Indicate if the investment policy covers any of the following

01.4. Describe your organisation’s investment principles and overall investment strategy, and how they consider ESG factors and real economy impact.

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.

01.5. Provide a brief description of the key elements, any variations or exceptions to your investment policy that covers your responsible investment approach. [Optional]


SG 02. Publicly available RI policy or guidance documents

New selection options have been added to this indicator. Please review your prefilled responses carefully.

02.1. Indicate which of your investment policy documents (if any) are publicly available. Provide a URL and an attachment of the document.

URL/Attachment

URL/Attachment

URL/Attachment

URL/Attachment

URL/Attachment

02.2. Indicate if any of your investment policy components are publicly available. Provide URL and an attachment of the document.

02.3. Indicate if your organisation’s investment principles, and overall investment strategy is publicly available

02.4. Additional information [Optional].

Please refer to the "Responsible Investor" section of our website :

http://www.nixen.com/en/commitments/responsible-investor/


SG 03. Conflicts of interest

03.1. Indicate if your organisation has a policy on managing potential conflicts of interest in the investment process.

03.2. Describe your policy on managing potential conflicts of interest in the investment process.

Any conflict of interest is to be treated in compliance with the NiXEN’s procedure for conflicts of interest described below and approved by AMF as established in the approval of NiXEN Partners and shall be submitted to the advisory committee.
This advisory committee shall be informed as promptly as possible (taking into account the time reasonably required for NiXEN Partners to prepare the appropriate information) of the possible existence of a conflict of interest brought to its attention.
In general, the concept of conflict of interest refers to a situation in which it is reasonable to think that a person potentially or provenly either forfeits the impartiality required to take a decision for which he or she is responsible or takes advantage of a situation at the expense of another person.
As part of the delivery of an investment service, persons liable to forfeit their impartiality or draw advantage from a situation are listed in the general regulations of the AMF as “persons concerned” (art. 313-2). Clients and prospective clients are protected or notified of a conflict situation that could harm their interests.
 

03.3. Additional information. [Optional]


SG 04. Identifying incidents occurring within portfolios

04.1. Indicate if your organisation has a process for identifying and managing incidents that occur within portfolio companies.

04.2. Describe your process on managing incidents

          Our process for identifying and managing potential ESG incidents is based on the following and complementary tools: 
- Identification of potential ESG issues or threats through our specific ESG due diligence prior to any investment in collaboration with external experts, 
- Daily watches implemented by our investment team regarding each of our portfolio companies and their market and competitors, 
- Regular interfacing with the management teams of each of our portfolio companies, 
- Integration of a specific clause covering ESG subjects and their monitoring in the shareholders' agreement, 
- Monitoring of ESG issues at least once a year within the Supervisory Boards of our majority portfolio companies and as appropriate for our minority investments, 
- Monitoring of ESG metrics and issues through a yearly questionnaire including more than 100 items and sent to all our portfolio companies 
- If necessary, assistance of a specialized crisis communication agency
        

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