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Opplysningsvesenets fond

PRI reporting framework 2020

You are in Direct – Private Equity » Overview


PE 01. Description of approach to RI

01.1. Provide a brief overview of your organisation’s approach to responsible investment in private equity.

Ovf invest in hydro power plants in Norway and consider these kind of investments to be private equity. The investments decisions are made internally and the business is managed by internal resources. The investment period is considered to last until end of 2021.

Ovf do these investments in cooperation with a Swiss pension fund and the busines is owned 50/50. In the PRI reporting Ovf have included our share.


PE 02. Investment guidelines and RI

02.1. Indicate whether your organisation’s investment activities are guided by a responsible investment policy / follow responsible investment guidelines.

02.2. Describe how your organisation outlines expectations on staff and portfolio companies’ approach towards ESG issues in investment activities.

As stated already, Ovf hydro power plants are considered to be PE investments under the PRI reporting framework. Due to this, we dont have a lot of portfolio companies as may be the case for a normal PE manager.

However, the PE business within Ovf have the same requirements as regards a responsible investment policy as other areas in our total portfolio.