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Nordic Capital

PRI reporting framework 2020

You are in Strategy and Governance » Promoting responsible investment

Promoting responsible investment

SG 09. Collaborative organisations / initiatives

09.1. Select the collaborative organisation and/or initiatives of which your organisation is a member or in which it participated during the reporting year, and the role you played.

Select all that apply

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Nordic Capital has been speaking on events organised by BVCA, RealDeals, IPEM, SVCA etc to share best practices in the industry. 

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

          Swedish Venture Capital Association (SVCA), Stockholm School of Economics (SSE) and Swedish Responsible Investment ESG round-table initiatives
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Board engagement and speaking on events organised by SVCA to share best practices in the industry. 

          Invest Europe
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

          SASB
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]


SG 09.2. Assets managed by PRI signatories (Not Applicable)


SG 10. Promoting RI independently

10.1. Indicate if your organisation promotes responsible investment, independently of collaborative initiatives.

10.2. Indicate the actions your organisation has taken to promote responsible investment independently of collaborative initiatives. Provide a description of your role in contributing to the objectives of the selected action and the typical frequency of your participation/contribution.

Description

          Nordic Capital encourages academic research into responsible investment and has sponsored studies into how employment growth can be achieved in different markets.  As an organisation that builds businesses and creates jobs, we believe it is important to have a thorough understanding of the business environment, its underlying conditions and how it can be improved. In 2017, 2018 and 2019 Nordic Capital sponsored a study from the research institute European Centre for Policy Reform and Entrepreneurship (ECEPR). This study seeks to identify the presence of “brain businesses” – companies that compete through their brain power and specialist expertise – and explore how knowledge intensive jobs are significant contributors to income and productivity growth. Author Nima Sanandaji, CEO of ECEPR and PhD from the Royal Institute of Technology in Stockholm, conducted an extensive study mapping 31 countries and 283 regions in Europe to assess how many brain business jobs exist per 1,000 working-age persons. The study is published publicly, and Nordic Capital participated in three official meetings with policymakers to increase the awareness of private equity’s contribution to sustainable employment growth.
        

Frequency of contribution

Description

          Nordic Capital wants to play a role in driving awareness of sustainability and implementing best practice within the private equity industry as a whole and is collaborating with other PE-companies to that end. To promote better disclosure of societal contribution by private equity, Nordic Capital actively engages in sustainability related forums and organisations. We aim to be transparent in the disclosure of key ESG related data for both Nordic Capital and our portfolio companies.
        

Frequency of contribution

Description

          Nordic Capital’s aim is to always follow and adhere to relevant national and international conventions and standards, operating with integrity and respecting fundamental responsibilities in sustainability areas. Additionally, to our developed ESG training available for investment professionals, other Nordic Capital employees, portfolio companies management teams and board members, we host an annual Communication, HR and Sustainability Conference and a series of bespoke round-table events on different current and important topics throughout the year for portfolio companies. We want to be part of driving the sustainability development within the industry and are collaborating with other PE-companies. 

In 2019, Nordic Capital also engaged in several ESG related roundtables and conferences to share best practice with the private equity industry. We support and engage with organisations and forums where policy makers, businesses and academic professionals meets to discuss societal impact. During 2019, we spoke on sustainability at events organised by BVCA, RealDeals, IPEM, SVCA etc to share best practices with the industry.
        

Frequency of contribution

Description

          Nordic Capital works continuously to increase its level of transparency with stakeholders, regularly publishing information about its responsible Investment Policy, framework, guidelines as well as examples of sustainability in action within our portfolio companies on its website. We report to PRI in accordance with our commitment to the principles. This ESG Special Report has been developed in order to provide our investors with more comprehensive details of Sustainability practice at Nordic Capital and within the portfolio companies.  

In addition, we publish an Annual Review including a description of how sustainability is integrating into our investment process, a case on sustainability in action and the Nordic Capital’s community engagement.  

We are continuously developing our own sustainability evaluation methods in order to enhance the accuracy and transparency of our reporting to investors in the Nordic Capital vehicles and other important stakeholders.  

Responsible investment and sustainability development within our portfolio, is not only part of our quarterly reporting, but also part of our internal monthly newsletters.
        

Frequency of contribution

Description

          Nordic Capital participates in interviews additionally to articles published through our engagement in Brain Business Jobs (BBJ)
        

Frequency of contribution

10.3. Describe any additional actions and initiatives that your organisation has taken part in during the reporting year to promote responsible investment [Optional]

Nordic Capital wants to play a role in driving awareness of sustainability and implementing best practice within the private equity industry and is collaborating with other PE-companies to that end. To promote better disclosure of societal contribution by private equity, Nordic Capital actively engages in sustainability related forums and organisations. We aim to be transparent in the disclosure of key ESG related data for both Nordic Capital and our portfolio companies.

In 2019, Nordic Capital also engaged in several ESG related roundtables and conferences to share best practice with the private equity industry. We support and engage with organisations and forums where policy makers, businesses and academic professionals meets to discuss societal impact. During 2019, we spoke on sustainability at events organised by BVCA, RealDeals, IPEM, SVCA etc to share best practices with the industry. Additional to promoting best practice, Nordic Capital promotes opportunities to drive sustainable development within the private equity industry, the importance and benefits of a sustainable private equity industry in a national and international context, the importance of sustainable finance and how financing of sustainable companies is crucial in the development to a sustainable future.    


SG 11. Dialogue with public policy makers or standard setters

11.1. Indicate if your organisation - individually or in collaboration with others - conducted dialogue with public policy makers or regulators in support of responsible investment in the reporting year.

If yes

11.2. Select the methods you have used.

11.3. Where you have made written submissions (individually or collaboratively) to governments and regulatory authorities, indicate if these are publicly available.

11.4. Provide a brief description of the main topics your organisation has engaged with public policy-makers or regulators on.

Nordic Capital is highly active in sharing best practicing on conferences and forums in countries where we are present, to drive responsibility investments forward. In addition, we are engaged in roundtables and NGOs where politicians, opinion leaders meet to increase knowledge about Private Equity’s role and contribution in society.

In 2019 Nordic Capital actively engaged in organizing round tables and events with policymakers to improve knowledge about Private Equity’s role in society, events such as Almedalen Week and Brain Business Jobs. We also spoke publicly on different events with policy makers and government attending on the topic of private capital to drive changes in society. Topics addressed and discussed in such forums are primarily about our industry’s contribution to positive sustainable development and increased competitiveness within sectors, markets and countries and about contribution to sustainable employment growth.    


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