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Aurica Capital

PRI reporting framework 2020

You are in Strategy and Governance » Investment policy

Investment policy

SG 01. RI policy and coverage

New selection options have been added to this indicator. Please review your prefilled responses carefully.

01.1. Indicate if you have an investment policy that covers your responsible investment approach.

01.2. Indicate the components/types and coverage of your policy.

Select all that apply

Policy components/types

Coverage by AUM

01.3. Indicate if the investment policy covers any of the following

01.4. Describe your organisation’s investment principles and overall investment strategy, interpretation of fiduciary (or equivalent) duties,and how they consider ESG factors and real economy impact.

Aurica´s conservative investment strategy approach includes:

  • minority investments, between 20% and 49% stakes
  • in solid companies with low levels of debt
  • unleverage investments
  • investments in any sector but Real Estate or Financial (and except the ones excluded in our Exclusion Policy)

Also, the investment strategy incorporates Environmental, Social and Corporate Governance and Business Integrity issues into investment analysis and decision-making processes. Also, we seek appropriate disclosure on ESG issues by the entities in which we invest, and we include and apply an ESG framework to these companies, and an acomplishment roadmap if any risk is detected.

Aurica tries to implement new ESG matters detected to our portfolio companies. We believe these improvements affect directly to the future profitability of the investments, not only because of their intrinsic importance but also given their relevance to the investors, clients, and the society in general.


 

01.5. Provide a brief description of the key elements, any variations or exceptions to your investment policy that covers your responsible investment approach. [Optional]

Exclusions policy:

- Any type of illegal work according to the rules and regulations of each country

- Child labor

- Pornography or prostitution

- Alcoholic beverages and its derived products

- Guns and/or ammunitions

- Exploration of oil and/or gas (under certain conditions)

- Prohibited substances such as pesticides, ozone depleting substances and other chemicals

- Nuclear energy

- Trade with endangered fauna and flora

- Trade in products containing loose asbestos fiber

01.6. Additional information [Optional].

          
        

SG 01 CC. Climate risk (Private)


SG 02. Publicly available RI policy or guidance documents

 

02.1. Indicate which of your investment policy documents (if any) are publicly available. Provide a URL and an attachment of the document.

URL/Attachment

Attachment

URL/Attachment

URL/Attachment

URL/Attachment

URL/Attachment

02.2. Indicate if any of your investment policy components are publicly available. Provide URL and an attachment of the document.

02.3. Additional information [Optional].


SG 03. Conflicts of interest

03.1. Indicate if your organisation has a policy on managing potential conflicts of interest in the investment process.

03.2. Describe your policy on managing potential conflicts of interest in the investment process.

Circumstances generating conflict of interest are those in which there is an existing conflict between the interests of Banco Sabadell (BS), any of the companies integrated within BS Group (Commercial Spanish Law art. 42) or shared companies of BS Group, the Administrators or Managers of any of the previous entities and the obligations of Aurica towards any of its Limited Partners (“LP”).

Among other assumptions, it is understood that a conflict of interest is produced when a company where Aurica III has the intention of investing it is yet shared by any of the members of the Investment Committee and/or Aurica III Advisory Board members, or any of the LP’s (or by any other entity belonging to BS Group, to which the referred member or LP belongs to).

Likewise, it is understood that a conflict of interest will arise concerning those Investment Committee members and/or Aurica III Advisory Board members who have representation in another Private Equity Entity managed by Aurica Capital, in relation with the investment proposals in companies shared by this third Private Equity Entity.

More details about Conflict of Interest as per demand can be provided.

03.3. Additional information. [Optional]


SG 04. Identifying incidents occurring within portfolios (Private)


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