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Providence Capital N.V.

PRI reporting framework 2020

You are in Strategy and Governance » Investment policy

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.

Investment principles are amongst others:

- Diversification is a "free lunch"

- Long term factors that drive outperformance are: value, small cap and quality

- Responible investments do not have a negative impact on performance but a positive impact on risk

Investement strategy:

- Passive investment "unless" (start with passive)

- No internal managed funds (fiduciary management) 

We are convinced that the evaluation of opportunities and threats for companies, based on financial as well as non-financial (ESG) criteria can create additional benefits for our investors in the long-term. By selecting companies that best control the various (ESG) challenges, investors advance best practices within companies and contribute to a sustainable growth and financial markets.

PCNV integrates for all asset classes, within practical limitations, fundamental criteria to improve the ESG performances of fund managers and the companies in which they invest. For this purpose, we subscribe to the Global Compact principles of the United Nations (UN), the Principles for Responsible Investment (PRI), the UN Security Council sanction list and applicable laws and regulations.

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 (Private)


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.

02.3. Additional information [Optional].

The attached ESG investment policy covers all the subjects ticked above.


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.

Introduction

Providence Capital has three business units (fiduciary asset management, investment consulting and family office services) that services an identical client group (UHNW individuals and foundations).
Providence Capital is not involved in capital markets operations and has no investment products of its own.

Providence Capital is fully independent. The majority of the shares are owned by the partners. 


Policy

If a conflict of interest (relating to ESG) emerges, the procedure can be summarised as follows:

  • Management and the compliance officer have to be informed immediately.
  • They will review the potential conflict and how this conflict should be managed.
  • Providence Capital will immediately inform the client.

The internal directives and procedures concerning conflicts of interest are periodically evaluated for new risks and the effectiveness of existing measures.

Providence Capital is regulated by the Dutch financial regulator, www.afm.nl, and the Dutch Central Bank.
Further, it is a member of the Dutch institution of complaints regarding financial services, kifid, www.kifid.nl.
Finally, Providence Capital and its key employees are registered with the Dutch Securities Institute, www.dsi.nl.

03.3. Additional information. [Optional]


SG 04. Identifying incidents occurring within portfolios (Private)


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