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Sherpa 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.

Sherpa aims to incorporate ESG principles into all phases of the cycle:

1.- Analysis of potential investment: conducting an analysis of potential risk and opportunities that may affect the value of potential acquisition. The investment team will analyse the potential investment taking into account ESG factors when making the investment decision.
2.- Investment decision making and agreement: including ESG considerations as a standard within Investment Committee discussions; including ESG aspects in the investment decision (clauses on possible risks in the SPA).
3.- Investment management and monitoring stage: ESG aspects are integrated in the value creation plans for monitoring throughout the life of the investment. These plans will aim to correct deficiencies or material issues detected in the previous stages or during the management of the investment. Sherpa is aware of the need for continuous analysis of potential risk and opportunities within each investee company.

In addition, The Responsible Investment Policy of Sherpa includes some sectors of exclusion

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]

The Board of Sherpa approved Sherpa’s Responsible Investment Policy in October 2018 and is shared with all the employees, the Board ant the investment portfolios in order to state the relevance of considering ESG issues within Sherpa investments. Sherpa plans to update the RI Policy whenever is deemed necessary; either because of changes in requirements or to reflect the efforts of Sherpa to improve its ESG approach.  At a minimum, the policy will be reviewed and updated every 3 years. [MG1] 

Sherpa recognizes that its Responsible Investment Policy is still in early stages of implementation and is committed to making an effort in the coming years to improve its ESG performance both within the company and within its portfolio companies. For this purpose, Sherpa will develop in a short term with the support of external advisors an ESG roadmap with the intention of a stepwise implementation of increasingly ambitious objectives.



 [MG1]Esto es una propuesta de ERM para Sherpa. Considerar que es un objetivo poco ambicioso ya que lo normal es revisar esta política de forma anual.

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.

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].

Sherpa is in the early stages of implementing its responsible investment policy and does not yet developed an associated ESG documentation disclosure plan. The publication of information is foreseen in more advanced stages of the roadmap that Sherpa intends to follow in the coming years when the ESG system within the company and investees is more mature. As a first step, Sherpa would like to disclose its Responsible Investment Policy during 2020.

SG 03. Conflicts of interest

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

03.3. Additional information. [Optional]

Sherpa has not developed a formal policy to manage potential conflicts of interest in the investment process, although Sherpa’s Ethical Code includes a reference to maintain impartial criteria on provider’s selection to avoid any potential conflict of interest.

In the future  (one or two-years period) we will provide our staff with a better understanding on this issue and address more deeply the conflict of interest in Sherpa’s ethical code or within the responsible investment policy.

SG 04. Identifying incidents occurring within portfolios (Private)