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Wise Equity SGR

PRI reporting framework 2019

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, interpretation of fiduciary (or equivalent) duties,and how they consider ESG factors and real economy impact.

According to Wise Equity, the sustainable development of the private sector requires a responsible management of the ESG factors. Therefore, Wise Equity sets up objective and implementation guidelines for each ESG factors.

Wise Equity requires that the investment team adopt the ESG Policy in the investment decisions, i.e. take into account the ESG impact of each investment and collect a ESG Risk Rating for each new investment. The investment team has to yearly report on the ESG Policy implementation and Wise Equity will evaluate the investment team also with reference to the ESG Policy implementation.

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]

The ESG Policy is fully part of the general investment policy and the investment team has to yearly report on the ESG Policy implementation. In February 2019 there have been a policy update to better allocate reponsabilities for implementation of the policy and specify standard KPI for reporting purposes.

01.6. Additional information [Optional].

          
        
I confirm I have read and understood the Accountability tab for SG 01 I confirm I have read and understood the Accountability tab for SG 01

SG 01 CC. Climate risk (Not Applicable)


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.

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

02.3. Additional information [Optional].

On our website we disclose a summary of our investment approach, we share our ESG approach with our clients


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.

In conformity with the EU Directive 2011/61/EU and the Commission Delegated Regulation (EU) No 231/2013 on AIFMs, as well as the Joint Regulation of Bank of Italy and Consob (the Supervisory Authority for the Italian financial market),  we have adopted a Conflicts of Interest Policy as well as a Code of Conduct for our top managers and employees.

Our Policy identifies and maps potential conflicts of interests in the investment process and designs the organizational framework to manage and disclose them. Our Board has established safeguards against conflicts of interest in its governance guidelines and our Advisory Board plays a central role in managing conflicts of interest. The Advisory Board releases opinions on conflicts of interest which are binding for our Board of Directors.

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

Monitoring of incidents is a KPI (starting from 2019) which has to be reported on annual basis. Severel incidents have to be reported promptly to the invested company's Board to take immediate corrective actions, if needed. The GP's Board is promptly informed.

 


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