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PRI reporting framework 2020

You are in Direct – Private Equity » Overview


PE 01. Description of approach to RI

01.1. プライベートエクイティの責任投資に対する組織のアプローチの概要を説明してください。

Vaekstfonden’s financing activities are centered on small and medium-sized companies in Denmark.
It is important to Vaekstfonden that the companies and funds we invest in take a stand on ESG conditions relevant to their individual activities. There are a big difference between financing single companies, venture funds with primarily a startup portfolio and PE buyout funds. The approach to ESG can vary a lot, so we have to be able to meet the funds or companies at their level and have a dialogue about specific future goals for their progress with ESG conditions. 

Hence, our approach to ESG as an investor is based on dialogue, information, and collaboration.

We take the following steps:

  • We include inquiry about social responsibility in the due diligence process, before deciding whether to invest or not.
  • It is a requirement that the companies and funds, which we co-finance, commit to a CSR policy based on the UN Guiding Principles and the UN Global Compact.
  • In the companies where we are direct investors and where we are board members, our procedural rules require that CSR must be discussed at least once annually at the highest management level. Our management procedures also require that the subsequent board meeting must deal with severe risks of negative impact on the sustainable development that the companies in question may cause or be involved in.

Should a company or a fund in our portfolio not meet the requirements for socially responsible behavior, we will investigate the case and use our experience and, if necessary, our influence to ensure that corrective measures are taken. Our approach to such matters is constructive dialogue, and we will help find a solution. 

PE 02. Investment guidelines and RI

02.1. 組織の投資活動が、責任投資ポリシーを指針としているか、責任投資ガイドラインに従っているかを示してください。

02.2. 投資活動におけるESG問題に対するスタッフおよびポートフォリオ企業のアプローチへの期待について、どのように組織がその概要をまとめているか説明してください。また責任投資/ガイドラインおよび組織が組織内のスタッフとポートフォリオ企業の経営陣に責任投資への期待をどのように説明または伝達しているかについて、その範囲を説明してください。 [任意]

Internally we instruct and educate our staff in our approach to ESG.

Externally we use side letters as a part of the contractual basis with investors and companies.