Swedfund carries out regular site visits and/or internal and third-party ESG audits as part of our commitment in the ESG area. Continuous monitoring also takes place during the ongoing dialogue with and visits to the portfolio companies by Swedfund’s Investment Organisation including dedicated ESG professionals.
Audits (internal and external) and site visits are primarily conducted with the purpose to monitor the ESG status of our portfolio companies and to support the companies in their ESG work, the implementation of Environmental, Social and Governance Action Plan (ESGAP) and improvements to achieve the strategic sustainability goals.
Swedfund sets sustainability requirements in agreements and requires portfolio companies to submit annual sustainability reports. An ESGAP, and the requirements which are formulated within it, forms part of the investment agreement.
The visits often result in an (updated) action list with specific actions and target dates, which are monitored by Swedfund’s ESG Managers and the Senior Investment Manager with responsibility for the investment.