Public HTML RI reports - PRI reporting framework 2020

BaltCap

PRI reporting framework 2020

Basic information [OO 01 - 09] Asset class implementation gateway indicators [OO 10 - 12] Peering questions [OO LE 01 - HF 01]

Strategy and Governance

Investment policy [SG 01 - 04] Objectives and strategies [SG 05 - 06] Governance and human resources [SG 07 - 08] Outsourcing to fiduciary managers and investment consultants [SG 12] ESG issues in asset allocation [SG 13 - 15] Asset class implementation not reported in other modules [SG 16 - 17] Innovation [SG 18] Communication [SG 19]

Direct – Private Equity

Overview [PE 01 - 02] Fundraising of private equity funds [PE 03 - 04] Pre-investment (selection) [PE 05 - 08] Post-investment (monitoring) [PE 09 - 13] Outputs and outcomes [PE 14 - 15] Communication [PE 16]

Confidence building measures

Confidence building measures [CM1 01 - 07]

Export Public Responses

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

Principles for Responsible Investment

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]

Asian Corporate Governance Association

Australian Council of Superannuation Investors

AVCA: Sustainability Committee

France Invest – La Commission ESG

BVCA – Responsible Investment Advisory Board

CDP Climate Change

CDP Forests

CDP Water

CFA Institute Centre for Financial Market Integrity

Climate Action 100+

Code for Responsible Investment in SA (CRISA)

Council of Institutional Investors (CII)

Eumedion

Extractive Industries Transparency Initiative (EITI)

ESG Research Australia

Invest Europe Responsible Investment Roundtable

Global Investors Governance Network (GIGN)

Global Impact Investing Network (GIIN)

Global Real Estate Sustainability Benchmark (GRESB)

Green Bond Principles

HKVCA: ESG Committee

Institutional Investors Group on Climate Change (IIGCC)

Interfaith Center on Corporate Responsibility (ICCR)

International Corporate Governance Network (ICGN)

Investor Group on Climate Change, Australia/New Zealand (IGCC)

International Integrated Reporting Council (IIRC)

Investor Network on Climate Risk (INCR)/CERES

Local Authority Pension Fund Forum

Principles for Financial Action in the 21st Century

Principles for Sustainable Insurance

Regional or National Social Investment Forums (e.g. UKSIF, Eurosif, ASRIA, RIAA), specify

          BaltCap is a founding member of the Estonian, Latvian and Lithuanian Private Equity and Venture Capital Associations

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]

BaltCap's Partner Kristjan Kalda was the Chairman of the local Private Equity and Venture Capital Association (EstVCA) until 2020. BaltCap's buy-out fund Partner Šarūnas Alekna is the Chairman of Lithuanian Private Equity and Venture Capital Association (LT VCA). We take a leading role in this association to actively promote the region and local business opportunites; also educate media regarding private equity basics, responsible investment specifics and ESG matters.

Responsible Finance Principles in Inclusive Finance

Shareholder Association for Research and Education (Share)

United Nations Environmental Program Finance Initiative (UNEP FI)

United Nations Global Compact

Other collaborative organisation/initiative, specify

          Responsible Business Forum in Estonia

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]

Our Partner Martin Kõdar belongs to the Board of the Responsible Business Forum in Estonia. He is actively promoting the organization's activities and inviting our portfolio companies to join the initiative.

Other collaborative organisation/initiative, specify

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.

Yes

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.

Provided or supported education or training programmes (this includes peer to peer RI support) Your education or training may be for clients, investment managers, actuaries, broker/dealers, investment consultants, legal advisers etc.)

Description

          We gathered a group of people from our own organization/portfolio companies and arranged a morning seminar with a local company Sustinere regarding the responsible behavior in general with narrower focus set on climate change issues. Portfolio companies shared their experience via video bridge in different offices. We also introduced a CO2 calculations project to all portfolio companies and encouraged them to follow in calculating different KPIs.

Frequency of contribution

Quarterly or more frequently

Biannually

Annually

Less frequently than annually

Ad hoc

Other

Provided financial support for academic or industry research on responsible investment

Provided input and/or collaborated with academia on RI related work

Encouraged better transparency and disclosure of responsible investment practices across the investment industry

Spoke publicly at events and conferences to promote responsible investment

Description

          Our partners (especially Managing Partner Martin Kõdar) have participated in several roundtables speaking about responsible investment.

Frequency of contribution

Quarterly or more frequently

Biannually

Annually

Less frequently than annually

Ad hoc

Other

Wrote and published in-house research papers on responsible investment

Description

          This is closely connected with the development of Code of Responsible Behavior and also the ESG Report we compile annually based on the data we get from our portfolio companies. In 2019 we had a pilot project in one portfolio company on CO2 footprint calculation which was shared during the ESG morning seminar. As a result, this will be calculated in other portfolio companies as well.

Frequency of contribution

Quarterly or more frequently

Biannually

Annually

Less frequently than annually

Ad hoc

Other

Encouraged the adoption of the PRI

Description

          We always encourage our existing and new portfolio companies to develop or update their own RI processes if not already implemented.

Frequency of contribution

Quarterly or more frequently

Biannually

Annually

Less frequently than annually

Ad hoc

Other

Responded to RI related consultations by non-governmental organisations (OECD, FSB etc.)

Wrote and published articles on responsible investment in the media

Description

          Our partner Martin Kõdar has written several articles in connection with RI principles/mindset in general.

Frequency of contribution

Quarterly or more frequently

Biannually

Annually

Less frequently than annually

Ad hoc

Other

A member of PRI advisory committees/ working groups, specify

On the Board of, or officially advising, other RI organisations (e.g. local SIFs)

Description

          Kristjan Kalda was acting as a Chairman in EstVCA until the end of 2019, Šarūnas Alekna is acting as a Chairman of LTVCA; Martin Kõdar belongs to the Board of Responsible Business Forum in Estonia.

Frequency of contribution

Quarterly or more frequently

Biannually

Annually

Less frequently than annually

Ad hoc

Other

Other, specify

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

One of our Managing Partners, Martin Kõdar is a member of two pan-European committees - Invest Europe Professional Standards Committee and Mid-Market Council; Our Infrastructure Fund Partner Sarunas Stepukonis participates in the work of Infrastructure Roundtable.

SG 11. Dialogue with public policy makers or standard setters (Private)

Previous Section Next Section