Public HTML RI reports - PRI reporting framework 2020

Nysnø Climate Investments

PRI reporting framework 2020

Basic information [OO 01 - 09] Asset class implementation gateway indicators [OO 10 - 12] Peering questions [OO LE 01 - HF 01]

Strategy and Governance

Investment policy [SG 01 - 04] Objectives and strategies [SG 05 - 06] Governance and human resources [SG 07 - 08] Promoting responsible investment [SG 09 - 11] Outsourcing to fiduciary managers and investment consultants [SG 12] ESG issues in asset allocation [SG 13 - 15] Asset class implementation not reported in other modules [SG 16 - 17] Innovation [SG 18] Communication [SG 19]

Indirect – Manager Selection, Appointment and Monitoring

Selection [SAM 02 - 03] Appointment [SAM 04] Monitoring [SAM 05 - 07] Outputs and outcomes [SAM 08 - 09]

Direct – Private Equity

Overview [PE 01 - 02] Post-investment (monitoring) [PE 09 - 13] Outputs and outcomes [PE 14 - 15]

Confidence building measures

Confidence building measures [CM1 01 - 07]

Export Public Responses

You are in Direct – Private Equity » Pre-investment (selection)

Pre-investment (selection)

PE 05. Incorporating ESG issues when selecting investments

05.1. During due-diligence indicate if your organisation typically incorporates ESG issues when selecting private equity investments.

Yes

05.2. Describe your organisation`s approach to incorporating ESG issues in private equity investment selection.

The case submission to the investment commitee includes a framework for identifying and describing the inherent ESG risk in the company's line of business, any mitigating or aggravating factors related to the specific company and due diligence checkpoints. These checkpoints are then followed up in the due diligence process. Any remaining issues are to be addressed in the relevant transaction documents or ownership strategy for the company. Nysnø will interact with coinvestors on ESG issues in the investmnet process. Nysnø's Board makes the final investment decision and will be appraised of any ESG issues.

05.3. Additional information. [Optional]

ESG policy: https://www.nysnoinvest.no/en/esg-policy-en/

PE 06. Types of ESG information considered in investment selection

06.1. Indicate what type of ESG information your organisation typically considers during your private equity investment selection process.

Raw data from target company

Benchmarks against other companies

Sector level data/benchmarks

Country level data/benchmarks

Reporting standards, industry codes and certifications

International initiatives, declarations or standards

Engagements with stakeholders (e.g. customers and suppliers)

Advice from external resources

Other, specify

We do not track this information

06.2. Describe how this information is reported to, considered and documented by the Investment Committee or similar.

The investment committee is presented with the framework pre due diligence. The Board makes the final investment decision and any findings in the due diligence process are outlined to the Board. The Board also has access to documentation provided to the investment commitee. There are written minutes of meeting from both investment committee and Board that include notes on any ESG issues raised. All documentation provided to the Board and investment committee is stored in an external system with audit trail.

PE 07. Encouraging improvements in investees (Private)

PE 08. ESG issues impact in selection process (Private)

Previous Section Next Section