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Nexxus

PRI reporting framework 2020

You are in Strategy and Governance » Objectives and strategies

Objectives and strategies

SG 05. RI goals and objectives

05.1. Indicate if and how frequently your organisation sets and reviews objectives for its responsible investment activities.

05.2. Additional information. [Optional]

Nexxus sets the ESG objectives for its portfolio companies at least annually. These objectives correspond to the measures adopted in the 180-day plan and Value Creation Plan.

The degree of achievement of the ESG objectives is reviewed at least annually by the Board of Directors of the portfolio companies and by Nexxus’ ESG team. The review process includes the assessment of the progress in relevant ESG issues by monitoring ESG KPIs.

Nexxus sets and reviews the objectives for its responsible investment activities on an annual basis. This task is performed by Nexxus’ ESG team with the support of external ESG consultants. The external consultants’ services include ESG training, the definition of active management actions at portfolio level, RI promotion activities within the investment community, ESG transparency and reporting.

 


SG 06. Main goals/objectives this year

06.1. List the main responsible investment objectives that your organisation set for the reporting year.

Responsible investment processes

Key performance indicator

          Carry out specific ESG due diligence as part of the investment due diligence process for new investments.
        

Progress achieved

Nexxus has performed ESG due diligence for all new investments completed during 2019.

          Review of the Responsible Investment Policy according to best practices.
        

Key performance indicator

          Carry out a Responsible Investment Policy review.
        

Progress achieved

As a result of the review some improvements have been made to the RI policy. The main changes included in the new version are:

  • We have included three new sections describing (i) our RI beliefs, (ii) our RI principles and commitments and our (iii) ESG governance (which includes the incorporation of senior members from Nexxus).
  • We have introduced changes in the description of the integration of ESG factors in our investment process. It is now more detailed and structured.
  • We have simplified the exclusions and the description of ESG factors that are desirable in portfolio companies.

Financial performance of investments

ESG characteristics of investments

Other activities

Key performance indicator

          Participate in RI initiatives
        

Progress achieved

Share ESG best practices with the investment community - Nexxus is a member of the Latin America Private Equity Association and has contributed to the sixth edition of "The Latin American Private Equity Deal Book & ESG Cases" with an ESG case of Grupo Turistore.

Promote gender diversity in Private Equity - Nexxus Iberia Managing partner Maite Ballester is leading Level 20 in Spain, a not for profit organisation dedicated to improving gender diversity in the European private equity industry.

 

Key performance indicator

          Issuance of an annual ESG report describing best practice case studies.
        

Progress achieved

We are committed to improve our transparency with regard to ESG. In addition to complete this Transparency Report, Nexxus, as a first step, is about publish its first annual ESG report in Iberia providing detailed information of all the ESG activity performed during 2019. Our aim is to extend this initiative to the ESG activities of Nexxus in Mexico in the near future to respond to the growing interest in ESG matters of our investors and other stakeholders.

06.2. Additional information.


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