The same responsible investment policy applies for each asset class. SWEN CP always acquires minority stakes in each invested company. De facto, the implementation of advanced RI initiatives requires approval of the controlling shareholder.
Due diligence process
Any investment opportunity must comply with SWEN CP's exclusions policy: application of the international conventions of Ottawa and Oslo (prohibition of landmines and cluster bombs), exclusion of weapon (sales and production) and coal-related activities. Reputation surveys are conducted to identify any past incident or non-financial controversy.
For its direct investment activities, the analysis focuses on the most material ESG issues and takes into account the sector and the size of the companies / infrastructure assets thus financed. This analysis highlights development and questioning points that are complemented by interviews or questionnaires.
The ESG analysis of the portfolio companies is ensured on the basis of answers to questionnaires completed online (through the controlling shareholder), via an ESG data collection and management tool. A follow-up of the information collected is then carried out over time. Direct investments benefit from an ongoing monitoring of ESG incidents.
ESG practices of direct investments are shown in annual ESG reporting communicated to SWEN CP’s clients.