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Swedfund International AB

PRI reporting framework 2019

You are in Direct – Private Equity » Outputs and outcomes

Outputs and outcomes

PE 14. ESG issues affected financial/ESG performance

14.1. Indicate whether your organisation measures how your approach to responsible investment in Private Equity investments has affected financial and/or ESG performance.

Describe the impact on:
Impact
Financial performance of investments
Describe the impact on:
Impact
ESG performance of investments

14.2. Describe how you are able to determine these outcomes.

Through Swedfund Portfolio Company Sustainability Reports, Annual Reports, and any other type of reporting, which we receive regularly from our portfolio companies. Based on this information as well as knowledge we can report on how they are performing in relation to our Sustainability Targets including Financial viability. Please refer to SG 5-6.


PE 15. Examples of ESG issues that affected your PE investments

15.1. Provide examples of ESG issues that you identified in your potential and/or existing private equity investments during the reporting year.

Investment Stage
ESG issues

ESG issues

          Gender Equality
        
Sector(s)
          Financial Institutions and Funds
        
Impact (or potential impact) on the investment

Increased gender equality with more females on management positions

Activities undertaken to influence the investment and its response

Through Women4Growth, a talent development programme for women employed in our portfolio companies, we make targeted interventions to strengthen them in a professional role and to further develop them to achieve leading positions. We identify the possibility and need for Women4Growth as a part of our ESG DD and monitor the gender specific metrics during the ownership.

Investment Stage
ESG issues

ESG issues

          Human rights - The right to health
        
Sector(s)
          Manufacturing
        
Impact (or potential impact) on investment

When monitoring an investment, risks related to occupational health and safety, such as inadequate use of personal protective equipment (PPE), were identified

Activities undertaken to influence the investment and its response

The investment is being monitored very closely by Swedfund and external experts and there is a continuous dialogue with the management. Swedfund has requested the company to implement relevant activities and controls and further disbursements are dependent on improvements on this area.

Investment Stage
ESG issues

ESG issues

          Waste management
        
Sector(s)
          Energy and Climate
        
Impact (or potential impact) on investment

In carrying out Due Diligence on a new investment, we identified risks related to waste management, such as recycling of batteries and other solid waste.

Activities undertaken to influence the investment and its response

The due diligence resulted in activities in the Environmental, Social and Governance Action Plan (ESGAP). In addition, Swedfund provided Technical Assistance funding for an industry organisation to support a working group on e-waste with the aim of providing relevant guidelines and tools to help our portfolio companies.

15.2. Describe how you define and evaluate the materiality of ESG factors.

Please see section SG 07 about Swedfund's investment process, the use of ESGAP and audit plans.


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