In Vaekstfonden we have a responsibility both as a company and as an investor. Our approach is based on internationally agreed principles for sustainable development. Besides PRI, we recognize and follow UN Guiding Principles, OECD Guidelines for Multinational Enterprises and are a participant in the UN Global Compact.
As a responsible investor and loan provider, our approach to overall ESG-factors is focused on dialogue, information, and cooperation.
Prior to the decision on providing co-finance, we include questions in our due diligence processes related to human rights, labor, environment, and anti-corruption. We require that the funds and companies we co-finance commit to handling CSR based on UN Guiding Principles and UN Global Compact. In companies where we are active owners, we require that CSR is discussed annually at senior management level and that issues with a negative impact are discussed immediately if they occur. If a negative impact issue occurs, we will investigate the circumstances thoroughly and use our experience and influence to remediate the situation. Our approach is based on constructive dialogue and on sharing our knowledge and experience about handling ESG-issues.