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Summa Equity

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.

Summa Equity seeks to create superior future proof returns by investing in companies positioned to benefit from global megatrends and creating High Performance Organizations; purpose-driven, resilient organizations that do business differently and deliver stronger all-round performance.

The megatrends drive many of the environmental, social and governance issues that the UN Sustainable Development Goals seek to highlight. These 17 goals define 17 global problems from which we can create value by finding novel solutions.

Summa Equity uses the SDGs as a guide to source and evaluate potential investments and provide focus in developing the companies and tracking performance. 

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]

As part of the investment cycle, Summa Equity follows an ESG evaluation approach in order for investments to be screened for both general and sector-specific ESG issues and opportunities prior to investment. We carry out due diligence of potential investments, to assess compliance with national and international regulations and to ensure we invest in companies with a commitment to improving their environmental and social standards which we see as a key foundation to becoming High Performing Organizations.

01.6. Additional information [Optional].

          Please refer to our Portfolio Report reports for an overview of how ESG is integrated in Summa's portfolio monitoring and management:

SG 01 CC. Climate risk

01.6 CC. Indicate whether your organisation has identified transition and physical climate-related risks and opportunities and factored this into the investment strategies and products, within the organisation’s investment time horizon.

Describe the identified transition and physical climate-related risks and opportunities and how they have been factored into the investment strategies/products.

Summa's investment strategy is derived from the investment opportunities that the SDGs entail. As such, we target companies that meet the requirements of the future sustainable economy, including from a climate perspective. Within our themes Changing Demographics and Tech Enabled Solutions, the companies that we target and have in our portfolio have limited physical supply chains, low carbon intensity business models and highly limited direct physical climate-related risk. Our third investment theme, Resource Efficiency, focus on companies that contribute with solutions that decrease climate change, such as energy efficiency solutions for buildings and waste management & recycling. These companies tend to also have a larger physical supply chain and corresponding footprint than our other themes, as well as exposure to larger physical climate-related risk.

Across all our companies we measure carbon footprint in scope 1,2 and 3 as well as environmental footprint. These two dimensions we have assessed as important to track from a transition risk perspective, to enable assessment of impact of e.g. evolving EU regulations. Physical risks are more specific to each company and their business model. They are when material assessed as part of the investment process as well as integrated into the board cycle through focus on ESG risks.

01.7 CC. Indicate whether the organisation has assessed the likelihood and impact of these climate risks?

Describe the associated timescales linked to these risks and opportunities.

We have yet to conduct a comprehensive analysis across the TCFD risk dimensions for Summa's total portfolio. Given our targeted investment strategy we do however assess that we have limited exposure to transition and physical climate-related risks, due to the nature of our portfolio. As per above, what we do to date is:

  •  Assess material ESG risks including physical climate-related risks during our investment process, this is embedded in our investment assessment algorithm 
  • Track carbon and environmental footprint for all portfolio companies, to enable Summa and each company to determine material areas to work on, as well as in some cases the position vs. emerging regulations such as the EU taxonomy
  • Integrate ESG risks in the Via Summa Board cycle, to ensure focus on material risks for each company

01.8 CC. Indicate whether the organisation publicly supports the TCFD?

01.9 CC. Indicate whether there is an organisation-wide strategy in place to identify and manage material climate-related risks and opportunities.


This is an evolving area in Summa and we are assessing how to further articulate our strategy and targets in this area. What we do in this area today includes:

  • Investment strategy focused on companies with little climate-related exposure (in Changing Demographics and Tech Enabled) and/ or companies that capture the business opportunities that climate change entails through providing services that decrease the carbon intensity of our society. E.g. energy efficiency solutions, waste management and low carbon intensity high quality protein (salmon) 
  • Assessment of ESG including material climate-risks as part of our investment process
  • Tracking of carbon and environmental footprint and related performance dialogues with our companies 

1.10 CC. Indicate the documents and/or communications the organisation uses to publish TCFD disclosures.

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.

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].

Our publically available portfolio report provides an overview of our approach to Responsible Investment and related topics. This is available at:

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.

In accordance with the policy adopted by the board, all staff of Summa shall avoid situations where their own personal interest, or the interest of their family members, affect the ability to make decisions that are in the best interest of Summa. Summa staff members are not allowed to take actions or have interests that may make it difficult to perform his or her work for Summa objectively and effectively. Any investment by a member of the Summa staff requires prior approval from Summa’s Compliance Officer and such approval will not be granted if there is in the Summa Compliance Officer’s reasonable opinion a potential conflict of interest situation.

03.3. Additional information. [Optional]

SG 04. Identifying incidents occurring within portfolios (Private)