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Vinci Partners Investimentos Ltda.

PRI reporting framework 2020

Export Public Responses

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Outputs and outcomes

LEI 12. How ESG incorporation has influenced portfolio composition

12.1. Indicate how your ESG incorporation strategies have influenced the composition of your portfolio(s) or investment universe.

Select which of these effects followed your ESG integration.

12.2. Additional information.[Optional]

The ESG analysis is integrated into our investment analysis based on the following actions:

• Potential adjustment in the discount rate according to the perception of the responsible analyst;
• Committee discussion and in-depth analysis of ESG topics considered critical;
• Limit on exposure to papers issued by a company with ASG performance in the last quartile;
• Requirement of a higher rate of return for the acquisition of papers from companies with lower performance.

LEI 13. Examples of ESG issues that affected your investment view / performance

13.1. Provide examples of ESG factors that affected your investment view and/or performance during the reporting year.

ESG factor and explanation


During the reporting year, we held a position in a company in the Loyalty Program sector. When the company started to demonstrate lack of a robust Governance by acting without transparency (e.g. reviewing the dividend policy without any explanation to the investors), we initiated talks with the Board and Top Executives and then decided to reduce our exposure to the company, by selling part of our position. We joined other investor in appointing a new board member but were unable to improve the governance. Later, the company surprised the market by closing the capital of the company

ESG incorporation strategy applied Integration

Impact on investment decision or performance

Although we substantially reduced our position and exposure to the company, avoiding major losses, we still kept a minor position which resulted in some loss to our listed equity fund.

13.2. Additional information.[Optional]

Due to the quarentine imposed by the covid-19 pandemia we were not able to get new examples