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Odyssey Private Equity

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.

Odyssey recognises that:

  • Odyssey has a significant role to play in the management and promotion of environmental, social and governance (ESG) issues, both in its business and in Odyssey portfolio companies;
  • ESG issues affect the performance of Odyssey’s investments to varying degrees across companies, sectors and regions and Odyssey can positively contribute to a company’s performance and our funds’ overall returns by incorporating ESG principles into investment decision-making; and
  • Odyssey’s executives have integrated ESG criteria into investment decision making in prior roles, including monitoring and disclosing material ESG issues on an ongoing basis.  These executives will continue this approach in their roles with Odyssey.

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]

Odyssey believes an analysis and understanding of ESG criteria as part of the investment decision leads to the better identification of both risks and opportunities.

Odyssey will not screen investment opportunities based solely on ESG criteria, however investment evaluation will include consideration of the ESG risks, the potential implications of not mitigating the identified ESG risks and a structured level of engagement with investee companies and their management teams to reduce exposure to identified ESG risks.

As part of the investment process, Odyssey will use ESG checklists to assist the investment team identify and consider ESG issues and opportunities for each investment opportunity. These checklists vary in detail between the initial screening level and within the due diligence phase.

ESG issues will be assessed early in the screening process and identified issues will be subject to further review as due diligence progresses.  Findings will be included in internal team discussions and the formal investment paper provided to the Investment Committee.

When seeking to mitigate ESG risks, Odyssey does not believe that financial returns should be unnecessarily compromised and will seek to implement this policy on a ‘no worse off’ basis with regards to expected investment performance.

For the avoidance of doubt, funds managed by Odyssey will not invest in sectors that their board considers unethical.  This include armaments, tobacco, pornography and gambling.

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].


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.

Odyssey’s policy is as follows:

All Representatives have a responsibility under the terms and conditions of their employment or engagement, to use all reasonable endeavours to avoid any situation where their interests may be in conflict or inconsistent with the interests of Odyssey;
All Representatives must avoid, disclose and/or manage conflicts of interest that arise in accordance with the following sections of this policy:

Section 2: Conflicts Management Policy – General

Section 3: Conflicts Management Policy – Directors and Officers

All Representatives are responsible for identifying actual, apparent and potential conflicts of interest that relate to the provision of Financial Services by Odyssey to its Clients as set out in the following section of this policy:

Section 4: Conflicts Management Policy – Financial Services

03.3. Additional information. [Optional]


SG 04. Identifying incidents occurring within portfolios (Private)


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