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Ambienta SGR SpA

PRI reporting framework 2019

You are in Direct – Private Equity » Fundraising of private equity funds


PE 03. Fund placement documents and RI

03.1. 最新のファンド募集要項(PPMまたは同様の文書)において、責任投資に触れているかを示してください。

03.2. 最新のファンド募集要項(PPMまたは同様の文書)において、次の責任投資にどのように触れているかを示してください。

03.3. ファンド募集要項(PPMまたは同様の文書)において、組織がプライベートエクイティの責任投資にどのように触れているかを説明してください。 [任意]

Our latest DDQ (our PPM is only legal) has Chapter 10 "ESG AND SUSTAINABILITY", 15 pages long, fully dedicated to ESG. It includes the sub-chapters:

  • 10.1 What is the difference between ESG and sustainability? 
  • 10.2 Describe Ambienta’s approach to ESG 
  • ESG in Action
  • GP level
  • Portfolio level
  • ESG in Action results
  • 10.3 Describe Ambienta’s approach to sustainability

In the same document the investment strategy of the fund is declared as "Businesses with a current or planned business focus on products, services and operations that improve Resource Efficiency and Pollution Control"

In the DDQ we also explain our proprietary methodology to quantify environmental impact. We use this methodology in due diligence in order to validate that a claimed impact is actually quantifiable and material. Staying away from green washing is for Ambienta part of a true responsible investment practice. The proprietary methodology in question uses 11 Environmental Metrics to analyse and quantify Environmental Impact; not just carbon emissions or any other single one.

PE 04. Formal commitments to RI

04.1. 直近のファンドのリミテッドパートナーシップ契約(LPA)において、または、投資家から求められた際に補足文書を通して、組織が責任投資を正式に確約したかについて示してください。


04.2. 補足情報 [任意]

We have voluntarily introduced a binding commitment to responsible investing in the "Investor Protection Provisions" of our most recent LPA. It 2 different places:

  1. "...will exclusively execute Investments in the Environmental Sector ". This commits Ambienta to invest only in companies whose product and/or services have a beneficial impact in terms of Resource Efficiency and/or Pollution Control. This approach is the cornerstone of our investment strategy.
  2. "The Manager shall commit to investing responsibly which shall include i) recognising the importance of, and following, the UNPRI Six Principles for Responsible Investments; ii)  incorporating environmental, social and governance issues (“ESG”) into its investment analysis and decision-making processes; and iii) working alongside Portfolio Companies as active owners to ensure that ESG policies and considerations, in a form inspired by the “ten principles” of the UN Global Impact”, are appropriately integrated"

We included more specific levels or forms of commitment in side letters whenever requested.

Moreover we committed on 100% investments into Eco Innovative companies (as per the European Commission definition) and full governance. The Eco-Innovative definition spells this way: "Any form of innovation aimed at achieving significant and demonstrable progress towards the goal of sustainable development, by reducing its impact on the environment or by achieving a more efficient and responsible use of natural resources, including energy"