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Capvis AG

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.

Capvis focuses on acquiring majority stakes in mid-market companies in the industrial corridor of Europe (Switzerland, Germany, Austria, Italy and the Benelux). The long-grown expertise in creating local and global leaders in the fields of Industry, Technology and Advanced Services is the foundation of Capvis’ business. In entrepreneurial cooperation with strong management teams, it develops the companies’ potential and creates long-term, sustainable value. As such, sustainability is part our ethos and the reason why Capvis has developed the “ESG-I™ improvement programme".

Capvis does not undertake investments in prohibited industry sectors as per the Limited Partnership Agreement. Investor specific requirements are additional captured in side-letters to the LPA.

We have blue-chip investors incl. PRI roundtable members.

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]

Capvis sourcing practice is guided by ESG principles with a strong focus on drivers for innovation. Negative screening is performed for illegal and harmful products and services.

Generally, Capvis does not undertake investments in:

Prohibited industry sectors (as per Limited Partnership Agreement (LPA)):

No investment in a company whose primary business relates to:

pornography or vice;

the manufacturing, sales, or marketing of weapons, artillery, and ammunition to be used in the act of war or military conflict (“Military Products”), or components of the same, if the primary purpose of such component is for it to be included as a component in a Military Product;

exploration for oil or gas;

real estate development or investment;

film financing;

infrastructure assets (including windparks, toll highways and toll tunnels);

micro-finance activities in developing countries;

the manufacture of tobacco products;

the operation of gambling facilities; or

the operation of nuclear power plants;

No investment in:

a company involved in (i) the production, trade and/or distribution of cluster bombs and/or anti-personnel mines (ii) the production of tobacco products or (iii) any activity of prostitution or procuring of prostitutes;

a company that generates more than 20% of its revenues, from coal-based activities, including, but not limited to, (i) coal extraction, (ii) coal power generation, (iii) sale and production of electricity via a coal powered plant and/or (iv) coal mining; or

any Portfolio Company which is involved in the illegal manufacture, sale or production of drugs under applicable law.

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.

URL/Attachment

URL/Attachment

URL/Attachment

URL/Attachment

URL/Attachment

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].


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.

The Investment Committee is  reviewing any potential conflict of interest in a first intance. Thereafter, the GP Board is responsible for a final approval of the transaction and resolution of any conflicts. Furthermore, the Investor Advisory Board gets involved as well.
According to our LPA, the investor advisory board shall be available for the purpose of consultation in relation to the progress and strategy of the Partnership and obtaining advice in relation to potential conflicts of interest in relation to its duties to the Partnership or in relation to transactions with, for or in connection with the Partnership. Prior to the General Partner, the Investment Adviser or any of their Associates entering into any transaction which would constitute such conflict of interest, its terms shall be submitted to the Investor Advisory Board for review.

03.3. Additional information. [Optional]


SG 04. Identifying incidents occurring within portfolios (Private)


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