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Nexxus

PRI reporting framework 2020

You are in Strategy and Governance » Investment policy

投資ポリシー

SG 01. RI policy and coverage

この指標には新しい設問が追加されています。事前に入力されている回答を精査してください。

01.1. 責任投資アプローチをカバーする投資ポリシーを策定しているかどうかを明示してください。

01.2. ポリシーの構成要素/種類と対象範囲を示してください。

当てはまるものをすべて選択してください。
ポリシーの構成要素/種類
AUMの対象範囲

01.3. 投資ポリシーが以下のどの項目をカバーしているか明示して下さい:

01.4. 組織の投資原則および全体の投資戦略、受託者義務(または同等のもの)の解釈、ならびに、ESGファクターおよび実体経済の影響をどのように考慮に入れているかについて説明してください。

At Nexxus we "Transform to Transcend", which means that we are focused on creating value and providing financing solutions to achieve sustainable growth and help transform companies for the better in Mexico, Spain and Portugal.

We do this via strategic advisory and improvement of corporate governance and practices in our investee companies through private equity funds. Also, by structuring tailor-made debt facilities for those medium size companies that require flexible financing solutions to boost their performance via mezzanine debt.

We understand that acting as responsible investors is part of our fiduciary duty in a context where our investors actively work to align their financial and sustainability objectives.

It is Nexxus' investment belief that the incorporation of social, environmental and good corporate governance (Environmental, Social and Governance or ESG) factors in our investment and granting of financing processes, as well as in the management of our portfolio companies, contributes to the creation of value, besides being an effective way to manage risk in our investment activity.

 

 

01.5. 責任投資アプローチをカバーする組織の投資ポリシーの重要な構成要素、バリエーション、例外事項を簡潔に説明してください。[任意]

Nexxus' responsible investment policy is applicable to both equity investments through private equity funds and provision of financing solutions through mezzanine debt.

In Nexxus we believe that the incorporation of social, environmental and good corporate governance (Environmental, Social and Governance or ESG) factors in our investment and financing processes, as well as in the management of our portfolio companies, contributes to the creation of value, besides being an effective way to manage risk in our investment activity.

We acknowledge that acting as responsible investors is part of our fiduciary duty in a context where our investors actively work to align their financial and sustainability objectives. We understand that acting as responsible investors is a gradual process of incorporating best practices and a process of continuous improvement to which we are committed.

In addition, we believe that our activity must actively contribute to achieve the Sustainable Development Goals (SDGs) and we will seek to align our activities to make this possible, with strongly emphasis on Gender Equality (SDG 5), Decent Work and Economic Growth (SDG 8), Industry, Innovation and Infrastructure (SDG 9) and Reduce Inequalities (SDG 10).

When it comes to investment, we aim to comply with best practices as responsible investors and have made public our commitment to responsible investment by adhering to the United Nations Principles for Responsible Investment.

In order to provide an effective response to the commitments assumed as a responsible investor it is necessary to have an adequate ESG governance structure. For this purpose: (i) we provide training to the investment teams in ESG matters, (ii) we have appointed senior members of both México and Spain, as ESG responsible and (iii) we have hired the services for expert advice of an ESG consultant. We also engage with the portfolio companies to promote the implementation of ESG policies as well as the appointment of an ESG responsible that coordinates the company's ESG activity.

To our portfolio companies we request a periodic report of the ESG activities carried out during each year.

We act as responsible investors in our day to day, integrating ESG factors in each of the phases of our investment and financing process:

1. Pre - Investment / Financing: we have decided to exclude from our investment and financing universe a number of activities that are contrary to our principles and involve high reputational risk.

2. Evaluation: companies that meet our investment/financing criteria are subject to a preliminary screening that includes major ESG risks and opportunities.

3. First Investment/Credit Committee, Negotiation of the Memorandum of Understanding and Approval of the Due Diligence Budget, including ESG DD.

4. Due Diligence includes a specific ESG due diligence process, performed by an external service provider in order to (i) review if the target companies meet ESG requirements, as provided in the Responsible Investment Policy; and (ii) identify short and long-term ESG risks and opportunities. The results of the analysis are included in a conclusions and recommendations report. This report contains details of the most relevant issues from an ESG perspective, to be taken into consideration when making an investment or taking a financing decision. In addition, the report includes recommendations to mitigate the identified ESG risks and identifies the potential ESG opportunities to be tapped during the investment or financing period.

5. Investment Committee or Credit Committee Approval: once the transaction team is satisfied with the results of the Due Diligence analysis, the relevant team will prepare the Investment Memorandum and submit it to the Investment or Credit Committee for the final approval of the transaction. The Investment Memorandum shall include, at least, a specific section devoted to the main ESG risks and opportunities identified in the Due Diligence. In the same committee, a 180-day plan (the "Plan") is also presented, which includes some recommended actions in the Due Diligence. The Plan will include at least good corporate governance and business continuity measures in order to align and retain key talent.

6. Value Creation: during the investment phase, at least one of the senior members of the investment team joins the board of directors of the portfolio company. He is involved in key operational and strategic decisions and ensures the implementation of the following ESG measures:

(i) Adherence of the portfolio company to Nexxus' ESG policy;

(ii) Appointment of an ESG responsible at portfolio company level;

(iii) Inclusion of the ESG issues in the agenda of at least two meetings of the Board of Directors per year;

(iv) Approval of ESG measures within the framework of the Plan, Value Creation Plan and Business Plan; and

(v) Definition and calculation of Key Performance Indicators (ESG KPIs).

In the debt financing processes, the credit agreement and other transaction documents include the obligation of the borrower to comply with ESG issues in connection with Nexxus' Responsible Investment Policy. Likewise, the borrower will be requested to prepare a recurring report on the compliance with such obligations.

7. Exit or mezzanine debt maturity: we aim to prove that Nexxus has contributed to the creation of a more sustainable company, from a social and environmental point of view with the implementation of ESG matters.

We will provide regular and transparent ESG information to our investors and stakeholders by completing the UN PRI Transparency Report on a yearly basis.

In addition to all of the above, we consider essential to lead by example and we try to apply ESG best practices in our operations as an alternative asset manager, for instance within our internal corporate governance structure, in the relationship with our investors and stakeholders and with the private equity industry and society as a whole.

 

01.6. 補足情報 [任意]

          
        

SG 01 CC. Climate risk (Private)


SG 02. Publicly available RI policy or guidance documents

この指標には新しい設問が追加されています。事前に入力されている回答を精査してください。

02.1. 一般に入手できる組織の投資ポリシー文書を記載してください。その文書のURLを記入し、該当文書を添付してください。

URL/添付ファイル

URL/添付ファイル

URL/添付ファイル

02.2. 一般に入手できる組織の投資ポリシー文書を記載してください。その文書のURLを記入し、該当文書を添付してください。

URL/添付ファイル

URL/添付ファイル

URL/添付ファイル

URL/添付ファイル

URL/添付ファイル

URL/添付ファイル

URL/添付ファイル

URL/添付ファイル

02.3. 補足情報 [任意]

Nexxus has 3 trusts listed in the Mexican stock exchanges: Bolsa Mexicana de Valores (BMV) and Bolsa Institucional de Valores (BIVA),. The shared URL is a link to Nexxus VI Trust Agreement. The remaining trusts mirror the policies described in this section and are also publicly available in the BMV and BIVA websites.

 


SG 03. Conflicts of interest

03.1. 組織として、投資プロセスにおける潜在的な利益相反を管理するポリシーを策定しているかどうかについて明示して下さい。

03.2. 投資プロセスにおける潜在的な利益相反を管理するポリシーについて説明してください。

Nexxus' employees must carry out their activities and functions inherent to their positions, always for the benefit of Nexxus, putting, at any time, the legitimate interests of Nexxus over their individual interests, or those of third parties or others of any kind.

All Nexxus' employees must inform the compliance department annually and in writing of any relationship or commercial transaction with a person or entity in which that person has a direct or indirect interest, or if such relationship or transaction could create the appearance of a conflict of interest or even make it appear as a possible misconduct or act of corruption. In any case, a Nexxus' employee who is in a real or apparent potential conflict of interest must refrain himself or herself from participating in any investment, deal or transaction of the company in which he or she may or is involved.

In the event that it is determined that there is no potential conflict of interest, the written approval of a partner and/or shareholder of Nexxus must be obtained.

03.3. 補足情報 [任意]


SG 04. Identifying incidents occurring within portfolios

04.1. 組織では、投資先企業において発生するインシデントの特定と管理を行うプロセスを設定しているかどうか明示して下さい。

04.2. インシデントを管理するプロセスを説明して下さい

Our RI policy describes a process to identify and manage ESG incidents within the portfolio companies.

Before investing or lending to a company, we perform an ESG due diligence to assess ESG risks. The ESG Due Diligence process ensures that the following aspects are covered when analysing new investment opportunities:

  1. Respect of workers’ human rights
  2. Maintain safe and healthy work conditions for employees and contractors
  3. Prudent and responsible environmental management of operations, ensuring an efficient use of natural resources as well as mitigation of environmental risks and issues
  4. Maintain high standards of business integrity, avoid corruption in any of its forms and complying with laws and regulation applicable against bribery, fraud and money laundering
  5. Apply a good business management establishing clear responsibilities, procedures and controls and applying best corporate governance practices
  6. Follow as a standard an inclusion and diversity policy

The results of the ESG due diligence are included in a conclusions and recommendations report. This report contains details of the most relevant issues from an ESG perspective, to be taken into consideration when making an investment or taking a lending decision. In addition, the report includes recommendations to mitigate the identified ESG risks and identifies the potential ESG opportunities to be developed during the investment or financing period.

In case the due diligence identifies material ESG risks, Nexxus requires that the investee or borrower commits to take the appropriate decisions to mitigate those risks in order to move forward with the investment or finance.

In case Nexxus comes across an ESG issue during the investment period, the RI policy describes that Nexxus will support the portfolio company in dealing with such issues by working closely with the responsible team in developing action plans with adequate objectives, timetables and resources.

Within the borrowers universe, any ESG issue has to be included in the report to be provided to Nexxus on a regular basis, according to the credit agreement and other transaction documents. Nexxus will undertake the necessary actions to assess its materiality and decide how it should be communicated to stakeholders.


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