Nordic Capital drives transparency and accountability throughout the investment process and performs regular ESG reporting on both our own organisation and our portfolio companies. We adhere to international standards and guidelines to ensure a robust and consistent approach and we are continuously developing the sustainability evaluation methods in order to enhance the accuracy and transparency of reporting to our investors and other important stakeholders.
Nordic Capital monitors progress of each portfolio company against its Value Creation Plan (VCP). Since 2014, all of our portfolio companies have been required to perform a sustainability status review each year-end. Our well-established reporting platform is of great use to both us and our portfolio companies in the process of collecting, aggregating and analysing status, data and progress in different areas of sustainability. In total we collect and analyse around 50 different data points.
In addition to the more formal reporting, there is a continuous dialogue and exchange of information between the management teams, Operating Chairmen and Nordic Capital of the respective portfolio companies. Depending on the type of information, data collection occurs annually, quarterly, monthly or on ad-hoc.