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Summa Equity

PRI reporting framework 2020

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

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]

Summa Equity joined as a signatory of the PRI in 2016 and we are publishing our third transparency report in the year 2020.


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.

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.

Description

          Internally, we conduct workshops for all staff with regards to our ESG values. We also host seminars and training sessions on a regular basis to align our business partners and stakeholders with our view of responsible investments. Similar seminars are also hosted during the annual portfolio conference and AIM.
        

Frequency of contribution

Description

          We have close collaboration with academia and researchers within this field. Harvard Business School Professor George Serafeim has published a case study about how Summa is revolutionizing the PE industry and building purpose-driven high-performance organizations in what is called PE 4.0. On Prof. Serafeim's recommendation Summa's Managing Partner Reynir Indahl and Director Hannah Jacobsen wrote an article outlining our approach to RI that was published in the Journal of Applied Corporate Finance last year. Summa intends to work with the Impact Weigthed Accounts Intitative (IWAI), in order to refine the set of impact metrics used for our portfolio. IWAI intends to develop financial accounts that capture an organizations social and environmental impacts in units that are directly comparable to the rest of its financial statements.
        

Frequency of contribution

Description

          At the level of Summa Equity, we published our first annual report in 2018 aggregating the ESG performance of our portfolio companies to support continuous improvement in ESG practices both within our firm and across our sector. The second annual report was published mid-2019. This information is actively shared with our Limited Partners, leveraging the Value Creation Matrix to enable our investors to assess the value (financial and non-financial) created by our strategic and integrated ESG approach. Last year's report is available at: https://summaequity.com/wp-content/uploads/2019/09/SE-Report-2018-ARTWORK-02-Digital.pdf
        

Frequency of contribution

Description

          Key personnel at Summa Equity are frequent public presenters at conferences and seminars. Summa Founder & Managing Partner Reynir Indahl and  Director Hannah Jacobsen speak at many events throughout the year, as do several members of Summa's investment team. Topics covered range from SDG-aligned investing and best-practice examples from our portfolio to performance monitoring and how to ensure management buy-in for ESG.
        

Frequency of contribution

Description

          Summa Equity is a PRI signatory, and we discuss this in our annual Portfolio Report.
        

Frequency of contribution

Description

          Summa Equity has an active partnership with the Business for Peace foundation and Summa founder, Reynir Indahl holds the position as Director in the foundation. Business for Peace is a foundation that promotes a better understanding of how ethical and responsible businesses are essential in order to make substantial, business relevant progress on sustainability.
        

Frequency of contribution

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


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


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