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Abac Solutions Manager S.à r.l.

PRI reporting framework 2019

You are in Strategy and Governance » Promoting responsible investment

Promoting responsible investment

SG 09. Collaborative organisations / initiatives

09.1. Select the collaborative organisation and/or initiatives of which your organisation is a member or in which it participated during the reporting year, and the role you played.

Select all that apply

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Beyond ensuring that portfolio companies' employees are aware of the importance Abac places to ESG matters, Abac Capital strives to spread the Principles of Responsible Investment in those presentations it delivers to university students interested in the private equity industry, during meetings with professional advisors and with potential target companies.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Encouraged (at Board of Directors level) portfolio companies to become signatories and adhere to the principles of the United Nations Global Compact. Already two portfolio companies have become signatories of the UN Global Compact (none last year)

          Donations to foundations, matching gift program, pro bono work, member of ASCRI
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Abac Capital is engaged in:

  • Pro-bono work: Abac Capital employees collaborte with non-profit organisations of choice during working hours, such as the Cottolengo del Padre Alegre (a non-profit organisation supporting physically and mentally impaired people of limited financial means) and the Aura Foundation (a non-profit organisation aiming to improve the quality of life of people with intellectual disability by helping to integrate them into society and finding them employment). In 2018, Abac Capital employees spent c.1% of their time to volunteering activities;

  • Donations to foundations: Abac Capital donates a percentage of its annual profits to foundations that invest in a selected group of non-profit organisations sponsored by its employees;

  • Matching gift program: Abac Capital matches euro for euro the donations that its employees make to charitable and non-profit organisations where they volunteer their time for service;
  • Abac Capital is a member of ASCRI, the Spanish Private Equity Association. The first edition of ASCRI's "ESG Prize" in 2018 was awarded to Abac from a panel of 20+ Spanish private equity firms. ASCRI valued Abac's contributions in ESG matters throughout the year, and particularly the job done in one of its portfolio companies (Figueras Group).
          Ship2B, a social impact fund.
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Abac Capital collaborates with Ship2B (http://www.ship2b.org), analysing and offering investment recommendations on social early stage entrepreneurial projects.

Abac Capital's CEO is a Ship2B patron and sits on its Board of Directors, that meets quarterly.


SG 09.2. Assets managed by PRI signatories (Not Applicable)


SG 10. Promoting RI independently

10.1. Indicate if your organisation promotes responsible investment, independently of collaborative initiatives.

10.2. Indicate the actions your organisation has taken to promote responsible investment independently of collaborative initiatives. Provide a description of your role in contributing to the objectives of the selected action and the typical frequency of your participation/contribution.

Description

          Included Responsible Investment as part of Abac's Sustainable Value Investing and Risk Management frameworks, frequently comunicated in meetings with advisors and target companies.
        

Frequency of contribution

Description

          Exchanged views on sustainability matters and ESG performance assessment with academia from Pompeu Fabra University, Barcelona
        

Frequency of contribution

Description

          - Encouraged other private equity firms to adopt PRI and report ESG KPIs during professional gatherings such as the CapCorp  or Global Alliance Partners conferences;
- Spoke publicly about RI in conferences at universities such as Esade Business School, Barcelona;
- Encouraged family business owners to adopt ESG practices during workshops.
- Invited to the ESG Panel organised by IESE Business School's Private Equity and Venture Capital Conference
        

Frequency of contribution

Description

          In conferences and gatherings described above.
        

Frequency of contribution

Description

          Published a Sustainability Report (shared with investors and professional advisors) sharing our view on sustainable investing, summarising the work done during the previous year on the ESG front and describing the impact of the ESG initiatives implemented at each of the fund's portfolio companies.
        

Frequency of contribution

Description

          Abac Capital's CEO sits on the board of Ship2B, a social impact fund based in Barcelona and Abac Capital employees volunteer their time and effort to analyze social impact investing opportunities for Ship2B.
        

Frequency of contribution

10.3. Describe any additional actions and initiatives that your organisation has taken part in during the reporting year to promote responsible investment [Optional]


SG 11. Dialogue with public policy makers or standard setters (Private)


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