Portobello Capital's approach towards Responsible Investment is shaped by organizations such as UNPRI or ASCRI (Spanish Private Equity Association) of which it is a signatory. Also, as a Managing Company, Portobello Capital follows the EVCA (now Invest Europe) recommendations and the rules established by the entities which regulate the company, that is, the CNMV (National Securities Market Commission) in Spain. It is also registered in front of SEC in the USA,
Portobello Capital is fully committed to ESG policies and has a rigorous compliance structure which oversees the procedures and control systems in place, ensuring alignment with responsible investment standards and policies.
The majority stakes typically held by Portobello Capital in its portfolio companies help implementing necessary changes on RI matters. In many cases, our targets are family owned businesses where we devote significant efforts to further professionalizing the management teams, making the managers commit to implementing certain standards and obtaining certain certifications as part of their duties and responsibilities.
Portobello Capital has a process in place to monitor and verify that responsible investment principles are followed by its portfolio companies. Recurrent meetings are scheduled to monitor progress and follow up on the measures agreed.
Portobello Capital's RI policy is publicly accessible on the corporate website. On it the company makes clear its approach to responsible investment and how this is implemented.