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Activa Capital

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.

Our investment strategy is focused on small-mid capitalisation French SMEs that have a strong potential for growth, internationalisation and/or build-up strategy. When implementing such strategies, Activa Capital now actively acknowledges the need for ESG as a backbone for building a sustainable growth.

ESG issues are thoroughly analysed at every phase of the investment process: (i) before investing by completing ESG due diligences; (ii) throughout the duration of the investment as an instrument of value creation and (iii) at exit, to have an embedded ESG approach that helps  strengthen the grounds & the business model of each company in the long run.

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]

In 2019, we renewed our engagement towards ESG with an updated ESG Charter :

For 10 years, Activa Capital has been committed to ESG: we are convinced that sustainable development is the backbone of SMEs and invaluable for building lasting growth.

  • Analyse all our investments from an ESG point of view, and transparently communicate progress made to our LPs.
  • Propose a dedicated toolbox and support to our portfolio companies to accelerate ESG progress and enable business transformation.
  • Involve our teams and employees in the evolution of our business as investor through training and continuous improvement of working conditions.
  • Promote ESG within the PE industry and maximize the sharing of good practices, contributing to the work of the ESG Commission of France Invest.
  • Support long-term projects of general interest and NGOs that are innovative and focused on social inclusion and training for professions of the future.

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.

URL/Attachment

URL/Attachment

URL/Attachment

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

URL/Attachment

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.

Potential conflicts of interests related to relations between the management company / LPs / and portfolio companies are ruled by the following documents:
- French Stock Exchange Regulators (AMF)
- Fund's By-Laws
- Activa Capital Deontological Code which was signed by all employees
- Investment & divestment procedures, governed by Compliance Officer

Potential conflicts of interests related to relations between the management company and the employees are ruled by the Activa Capital Deontological Code.

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

We ask from our portfolio companies to report annually on ESG criteria every year, including the occupational accident rate and the number of fatal accidents. They keep us in the loop in case of such incidents. As part of the ESG roadmap implemented by each company, Health & Security are taken into consideration, especially for industrial activities. Moreover, since 2017, when it comes to our last fund, the ESG roadmaps are monitored and discussed in each Supervisory Board of every portfolio companies.


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