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Dansk Vaekstkapital II

PRI reporting framework 2020

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.

At Dansk Vækstkapital II we want to create growth and return in an ethically and socially responsible manner. Our investment principles stipulate that ethical and environmental aspects must be considered when making our investment decisions. Our investment policies and strategies reflect this. Therefore, we include environmental, social and governance considerations in our decision-making and in our daily procedures. We require the funds we invest in to act responsibly, and we follow a number of established principles for responsible investment ourselves.

Our points of reference for the CSR policy are the UN Principles for Responsible Investments (UNPRI) and the principles outlined in the UN Global Compact initiative. Furthermore, we follow the codes and guidelines established by Invest Europe (the European Private Equity and Venture Capital Association, EVCA) and the Danish Venture Capital and Private Equity Association (DVCA).

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]

Our approach to ESG is based on internationally agreed principles for sustainable development, primarily UN Global Compact and PRI.

As a responsible investor, our approach to ESG-factors is focused on dialogue, information, and cooperation. As a part of our due diligence processes, we strive to identify possible ESG-issues and we instruct potential investee funds to give us their own account of their ESG profile.

We include ESG-questions in our due diligence process and we require, that the funds we invest in commit to handling ESG-issues based on the ten UN principles. Even for well-prepared funds, things can go wrong. If a negative impact-issue occurs, we go into constructive dialogue with the fund to stop and avoid further negative impact.

01.6. Additional information [Optional].

          
        

SG 01 CC. Climate risk

01.6 CC. Indicate whether your organisation has identified transition and physical climate-related risks and opportunities and factored this into the investment strategies and products, within the organisation’s investment time horizon.

Describe why your organisation has not yet gone through a process to identify transition and physical climate-related risks and opportunities.

Dansk Vaekstkapital II has not yet gone through a process to identify transition and physical climate-related risks and opportunities. 
Dansk Vaekstkapital II can commit to new investments until the end of 2020, but we will be looking closely at the TCFD-recommendations and try to identify how we can communicate climate-related risks and opportunities with the funds we invest in during 2020. We always support opportunities and transition to a green and low carbon economy.

01.8 CC. Indicate whether the organisation publicly supports the TCFD?

Explain the rationale

We haven't publicly expressed our support to the TCFD, because we have to look further into the TCFD to investigate how to approach the four central recommendations in our dialogue with new fund managers.

01.9 CC. Indicate whether there is an organisation-wide strategy in place to identify and manage material climate-related risks and opportunities.

Describe how and over what time frame the organisation will implement an organisation-wide strategy that manages climate-related risks and opportunities.

Ideally, we would have implemented a strategy to manage climate-related risks and opportunities during 2020, but because the investment period expires at the end of 2020, this is not expedient. We will make an effort in having a dialogue about climate-related risks and opportunities with the funds. 

1.10 CC. Indicate the documents and/or communications the organisation uses to publish TCFD disclosures.


SG 02. Publicly available RI policy or guidance documents

 

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

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].

The document related to Reporting is the Annual Report for Dansk Vakeskapital II (in Danish).


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.

At Dansk Vaekstkapital II we want to create growth and returns in an ethically and socially responsible manner. Therefore, we include environmental, social and governance considerations in our decision-making and in our daily procedures. We require the funds we invest in to act responsibly - and ask them to commit themselves contractually to this. We follow a number of international principles for responsible investment ourselves, as mentioned in SG 01. 

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 investee entities.

04.2. Describe your process on managing incidents

We always prefer - and encourage funds - to go into dialogue with the implicated parts to find a solution to the issue. In very difficult situations, our board of directors will be presented to the concrete case to discuss any relevant consequences.


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