Oversight and implementation is executed through the ESG-I programme. The cornerstones 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.
In addition, Capvis has board seats in portfolio companies and ESG is on the agenda of the annual participation review, where both Chairman and/or CEO and the investment committee form part of.