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CapMan Plc

PRI reporting framework 2020

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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.

CapMan plays an important role in the society by managing the capital invested in its funds and developing the companies, properties and assets in its funds’ portfolios. Our business model allows us to invest in a variety of sectors and regions. Through either our funds’ investments or direct investments in Nordic and Russian companies and real estate, we help portfolio companies and properties to succeed through promoting innovation and facilitating new solutions to challenges e.g. relating to various societal developments. Through our success we provide superior returns to our fund investors and shareholders helping them to meet expectations of their own constituencies. At the same time our successful businesses strengthen the economy of the regions. In our role as an active and significant owner we are committed to promoting responsible business practices in our portfolio companies and to conducting sustainable asset management of our real estate investments. CapMan is a role model for its portfolio companies and consequently responsibility plays a key role also in CapMan’s own business activities. Our commitment to responsibility is reflected in our values: active ownership, dedication and high ethics.

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]

01.6. Additional information [Optional].

          
        

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.

Climate-related risks are considered as a part of normal investment and risk analysis. For some investment cases these are less significant, but for others they can be central to the investment thesis. For example, the Infra fund has invested in a ferry operator that is not vulnerable to potential rise of sea level (in fact may even benefit from it) and where the value creation agenda is largely driven by the conversion of ferries to greener engines and towards zero emissions.

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

Describe why your organisation has not yet assessed the likelihood and impact of climate risks

Climate-related risks are considered as a part of normal investment and risk analysis. For some investment cases these are less significant, but for others they can be central to the investment thesis. For example, the Infra fund has invested in a ferry operator that is not vulnerable to potential rise of sea level (in fact may even benefit from it) and where the value creation agenda is largely driven by the conversion of ferries to greener engines and towards zero emissions.

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

Explain the rationale

Formal decision has not been made yet – CapMan to evaluate.

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

Describe how and over what time frame the organisation will implement an organisation-wide strategy that manages climate-related risks and opportunities.

For the time being CapMan is still in the process of evaluating and defining the measures and metrics on how to manage the risks and opportunities across different investment areas and portfolio companies, properties and assets. However, reducing emissions and combating climate change have been identified as one of CapMan’s Sustainable Investment Objectives and we identify the importance of implementing a strategy throughout the organisation.

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.

URL/Attachment

URL/Attachment

02.3. Additional information [Optional].


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.

Procedures to be followed and measures to be adopted in order to prevent, manage and monitor such conflicts shall include a robust governance framework with clear responsibilities and reporting channels, segregation of functions and where absolutely necessary, controlling the flows of information within the organisation, appropriate remuneration systems, clear decision-making framework, contractual arrangements (in particular those with investors), as well as disclosure of conflicts of interest to investors and consultation with investors where they cannot be prevented.

03.3. Additional information. [Optional]


SG 04. Identifying incidents occurring within portfolios

04.1. Indicate if your organisation has a process for identifying and managing incidents that occur within investee entities.

04.2. Describe your process on managing incidents

Portfolio level data on realized incidents are collected at least on an annual basis. However, CapMan always has representation in the portfolio company Board of Directors, who have direct responsibility for managing any significant incidents.


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