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Capvis AG

PRI reporting framework 2020

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Post-investment (monitoring)

PE 09. Proportion of companies monitored on their ESG performance

09.1. Indicate whether your organisation incorporates ESG issues in investment monitoring of portfolio companies.

09.2. Indicate the proportion of portfolio companies where your organisation included ESG performance in investment monitoring during the reporting year.

 (in terms of total number of portfolio companies)

09.3. Indicate ESG issues for which your organisation typically sets and monitors targets (KPIs or similar) and provide examples per issue.

ESG issues

List up to three example targets of environmental issues

Example 1

          Electricity intensity (MWh/EURm net revenue)
        

Example 2 (optional)

          Electricity intensity (kWH/#FTE)
        

Example 3 (optional)

          Carbon intensity (tCO2e/EURm net revenue) and (tCO2e/#FTE)
        

List up to three example targets of social issues

Example 1

          Employee turnover
        

Example 2 (optional)

          Absenteeism rate and LTIF
        

Example 3 (optional)

          Female participation in (a) Executive Management, (b) Directors, (c) Employees
        

List up to three example targets of governance issues

Example 1

          ESG policy implementation rate
        

Example 2 (optional)

          Code of conduct policy implementation rate (incl. anti-bribery, whistleblowing, gifts)
        

Example 3 (optional)

          Privacy and data security policy implementation rate
        

09.4. Additional information. [Optional]


PE 10. Proportion of portfolio companies with sustainability policy

10.1. Indicate if your organisation tracks the proportion of your portfolio companies that have an ESG/sustainability-related policy (or similar guidelines).

10.2. Indicate what percentage of your portfolio companies has an ESG/sustainability policy (or similar guidelines).

(in terms of total number of portfolio companies)

10.3. Additional information. [Optional]

We are currently implementing ESG policies across our portfolio (target: 75%+ implementation by end of 2020)


PE 11. Actions taken by portfolio companies to incorporate ESG issues into operations

11.1. Indicate the types of actions taken by your portfolio companies to incorporate ESG issues into operations and what proportion of your portfolio companies have implemented these actions.

Types of actions taken by portfolio companies

Implemented by percentage of portfolio companies

(in terms of total number of portfolio companies)

Implemented by percentage of portfolio companies

(in terms of total number of portfolio companies)

Implemented by percentage of portfolio companies

(in terms of total number of portfolio companies)

Implemented by percentage of portfolio companies

11.2. Describe how your organisation contributes to the portfolio companies’ resourcing and management of ESG issues.

Dedicated ESG assigned in portfolio companies where ESG programme is rolled-out. To support the programme rollout, we have mandated an external consultancy firm specialised in the sustainability domain. The cornerstones of the programme are

1.   ESG company report (baseline assessment, collection of ESG KPIs, annual follow-up)

2.   Assessment of policies related to ESG followed by the definition of policies to fulfil minimum standards if required

3.   Materiality assessment against relevant UN Sustainable Development Goals

4.   Definition of 1-3 sustainability projects at each company, linked to UN sustainable development goals

To put special emphasis on the ESG topic on portfolio company level, the baseline assessment report is reviewed and signed-off by the portfolio company C-level team and is on the agenda of the Board of Directors meeting at least on an annual basis. SDG projects are approved by the CEO and the Board of Directors of the portfolio company.

 


PE 12. Type and frequency of reports received from portfolio companies

12.1. Indicate the type and frequency of reports you request and/or receive from portfolio companies covering ESG issues.

Type of reporting 

Typical reporting frequency 

12.2. Describe what level of reporting you require from portfolio companies, and indicate what percentage of your assets are covered by ESG reporting.[OPTIONAL]

Certain KPI's are reported on a monthly basis (employee turnover, absenteeism rate) to either the investment advisor and/or to the board as part of the monthly Board Reporting. The full assessment is covered through an annual follow-up.


PE 13. Disclosure of ESG issues in pre-exit

13.1. Indicate whether during the reporting year your organisation disclosed information on ESG issues to potential buyers prior to exit for private equity investments.

13.2. Apart from disclosure, describe how your organisation considers ESG issues at exit.

We actively market ESG performance with case studies and documentation of ESG related activities.

13.3. Additional information.


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