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Phenix Capital BV

Service Providers Framework 2018

You are in Strategy and Governance » Responsible investment policy

Responsible investment policy

SG 01. Responsible investment policy

01.1. Describe how your organisation’s philosophy incorporates environmental, social and governance factors, and the link to your business offerings.

Phenix Capital B.V. (together with its associated companies, "Phenix Group") is an investment consultant that supports institutional investors in committing capital to impact investing and the United Nation's Sustainable Development Goals (SDGs). Beyond the environmental, social and governance (ESG) factors considered by the conventional investment world, Phenix Capital aims to bring all its business offerings further address not only ESG but also SDGs, specifically, “end poverty, protect the planet and ensure prosperity for all”. To achieve this, Phenix Capital defines its vision as “contribute to a better world by closing the SDG financing gap with invested institutional capital” and mission to “accelerate the flow of capital from institutional investors to impact and sustainable development investments in developed & emerging markets across all asset classes. We support initiatives that focus on building the impact investing ecosystem and contribute to the deployment of capital towards creating positive social and environmental impact.”

01.2. Indicate whether you have internal policies that formalise the incorporation of your beliefs in your business offerings.

01.5. Additional information [OPTIONAL]

Work in progress.


SG 02. Publically available policies (Not Applicable)


SG 03. Norms used to develop policies (Not Applicable)


SG 04. Policy offerings to clients

04.1. Indicate whether you offer standard, off the shelf, policies to clients as part of your product offerings, and/or whether you create tailored versions for individual clients.

Off the shelf Tailored
Asset class-specific RI guidelines
Sector-specific RI guidelines
Screening/exclusions policy
Engagement policy
(Proxy) voting policy
RI guidelines set out within the Investment Policy Statement (IPS)
RI guidelines set out in a freestanding RI policy
Multi-year RI implementation project plan
Conflict of interest management policy
Stockbroker allocation policy
Securities lending policy
Other, please specify (1)
Other, please specify (2)
Other, please specify (3)
None of the above

04.2. Briefly describe how you incorporate ESG factors and RI-consideration when advising clients on policies.

Phenix Capital is a consulting company which advises institutional investors (e.g. pension funds, insurances, endowments, private banks, family offices, foundations.) on the strategy, structuring and implementation of impact and sustainable development investing strategies. While responsible investment is an approach to investing that aims to incorporate ESG factors into investment decisions, to better manage risk and generate sustainable, long-term returns, Phenix Capital considers impact investing a holistic approach to make investments into companies, organizations and funds with the intention to generate social and environmental impact alongside a financial return.

Therefore, Phenix Capital advises institutional investors to integrate impact investing and sustainable development investing in their portfolio, in two phases:

Phase 1 : From value to mandate - support in design of impact and sustainable development investing strategy

Phase 2 : From mandate to implementation - support in search, due-diligence and selection of impact investing managers

 

04.3. Additional information. [OPTIONAL]


SG 05. ESG/RI in business offerings

05.1. Briefly describe how you include ESG/RI factors as part of your business offerings.

Business area

Advisory and Consultancy

How you include ESG/RI factors

Phenix Group’s business offerings have a sole focus on impact investing for institutional investors around the globe. As we believe impact investing with the SDG framework provides a comprehensive guideline in achieving both impact and financial goals, ESG/RI is by nature incorporated as part of the Company’s business offerings. Furthermore, Phenix Capital seeks to bring ESG/RI to the advanced level of impact investing.

Thus, Phenix Capital offers assistance to institutional investors with sourcing institutional-class impact funds, developing impact criteria and measurement methods, monitoring and evaluation of impact, capacity building, and   transitioning from ESG integration to impact management.

Research and Data Provision

How you include ESG/RI factors

Phenix Group is constructing a propriatory database with scalable impact investment funds generating market return (financial first), across asset class, in developed and developing markets. The database "Investing4Change" is a tool for the institutional investors to select impact funds which achieve both impact and financial goals that fit investors' investment mandate.

Other, specify (3)

          Educational conferences
        

How you include ESG/RI factors

Phenix Group hosts an annual conference "Impact Summit Europe" and other series of events that provide investors, fund managers and other participants to exchange ideas and share experiences in impact investing. The Impact Summit Europe includes activities such as workshop, keynote speech, panel discussion to raise the awareness and improve the practice of imapct investing. Likewise, ESG/ RI are factored in these business offerings.

In addition to Impact Summit Europe, Phenix Group also hosts seminar and events such as Listed Equities in Impact Investing and Al Gore Movie Screening, both not only raise the awareness of ESG/ RI but also facilitate the capital flow to fill in the $800 billion gap for SDGs by 2030.

05.2. Indicate the roles in your organisation, and indicate for each whether they have oversight and/or implementation responsibilities for ESG/RI.

Roles present in your organisation Oversight/accountability for RI Implementation of RI
Board
Directors
Chief Executive Officer (CEO), Chief Financial Officer (CFO)
Other chief-level staff

Please specify

          
        

Please specify

          
        
Other heads of department

Please specify

          
        

Please specify

          
        
Dedicated ESG/RI staff
Other role, specify (1)

Please specify

          all staff members
        

Please specify

          all staff members
        
Other role, specify (2)

Please specify

          
        

Please specify

          
        
Other role, specify (3)

Please specify

          
        

Please specify

          
        
Other role, specify (4)

Please specify

          
        

Please specify

          
        
None of the above

05.3. Indicate how you ensure ESG/RI expertise for the roles where there are RI oversight/accountability or implementation responsibilities.

05.4. Indicate whether your organisation has any ESG/RI linked incentives for its employees.

05.6. Additional information [OPTIONAL]

Work in progress.


SG 06. Outsourcing of services (Private)


SG 07. Providing training/education

07.1. Indicate whether you provide training/educational services on ESG/RI. Tick all that apply.

          Conferences and/or seminars
        

07.2. Describe the main components of your training/educational services on ESG/RI and any variations depending on the group you provide training/education to.

To educate the traditional and impact investing community, Phenix Capital convenes Impact Summit Europe, the leading impact investing conference for institutional investors:

The Impact Summit Europe aims to catalyze private institutional capital to support the financing of the SDGs and support the mainstreaming of impact and sustainable development investing. The programme includes keynote speech, breakout sessions, panel discussion, impact dinner, etc. The Summit also facilitates InvestorConnect meetings, which provide a capital introduction and match-making platform across all asset classes to pre-screened impact fund managers. Over the course of two days, the summit welcomes over 250 investors and 30 fund managers, and hosts over 500 InvestorConnect meetings.

Since 2015, this annual investor-only conference offers institutional investors an inspiring platform to share knowledge on the impact investing space, exchange best practices and challenge each other. The Impact Summit Europe has been recognized as one of the leading conferences to promote ESG/ESG and direct capital to address some of the most pressing social and environmental challenges as defined by UN SDGs.

For more information: http://www.impactsummiteurope.com

 

07.3. Describe whether these training/educational services include any commercial elements.

          The Impact Summit Europe is primary for educational purpose with focus on impact investing. We strive to keep the commercial elements at minimum level. However, as commercial elements are essential to sustain the events, Phenix Group maintains a certain number of fund managers and sponsors as opposed to that of the the asset owners.
        

07.4. Additional information. [OPTIONAL]

We are expanding our services, including the Impact Summit and other educational events, overseas.


SG 08. Applying, advancing and promoting the PRI principles

08.1. Describe how your organisation applies, advances and promotes the PRI Principles.

Phenix Capital is a signatory of PRI. In addition, the founder of Phenix Capital, Sophie Robe, actively participates in PRI’s educational sessions such as ‘Impact Investing Market Map’ and ‘PRI in Person Berlin’. Phenix Capital also participates in the PRI working group, "SDGs in Asset Allocation" to research how to incorporate the SDGs in investment practices.

The impact rating system Phenix Group develops refers and values PRI principles. We encourage investors and funds to sign the Principle for Responsible Investment.

08.2. Highlight whether there are any ways that your organisation would like to engage further with the PRI. [OPTIONAL]


SG 09. Actions taken to promote responsible investment

9.1. Indicate which of the following actions your organisation has taken to promote responsible investments during the reporting year, independently of collaborative initiatives.

9.2. Additional information. [OPTIONAL]

In progress.


SG 10. Long term trends

10.1. Indicate which of the following long-term trends are addressed in your product outputs.

10.2. Explain how this long-term trend affects your product outputs.

Phenix Capital offers services of advisory, education and conversation, and implementation to support the UN SDGs. Changing demographics is incorporated in the 17 SDGs such as SDG1 No Poverty, SDG2 Zero Hunfer and SDG3 Good Health and Well-being. We address the long term trend to the institutional investors and fund managers in all the services:

When Phenix Capital provides advisory services to its clients, impact is always in consideration along with financial return. Phenix Capital assists clients to construct their impact portfolio according to their investment mandate. The education/training services encourage the asset owners to address the social and environmental challenges by their capital, while helping fund managers to develop the appropriate products for the investors. Lastly, Phenix Capital engages in the research and data provision for institutional investors. The database specifies the funds that tackle changing demographics.

10.2. Explain how this long-term trend affects your product outputs.

Phenix Capital offers services of advisory, education and conversation, and implementation to support the UN SDGs. Climate change is incorporated in the 17 SDGs such as SDG7 Affordble and Clean Energy and SDG13 Climate Action. We address the long term trend to the institutional investors and fund managers in all the services:

When Phenix Capital provides advisory services to its clients, impact is always in consideration along with financial return. Phenix Capital assists clients to construct their impact portfolio according to their investment mandate. The education/training services encourage the asset owners to address the social and environmental challenges by their capital, while helping fund managers to develop the appropriate products for the investors. Lastly, Phenix Capital engages in the research and data provision for institutional investors. The database specifies the funds that tackle climate change.

10.2. Explain how this long-term trend affects your product outputs.

Phenix Capital offers services of advisory, education and conversation, and implementation to support the UN SDGs. Resource scarcity is incorporated in the 17 SDGs such as SDG6 Clean Water and Sanitation and SDG12 Responsible Consumption and Production. We address the long term trend to the institutional investors and fund managers in all the services:

When Phenix Capital provides advisory services to its clients, impact is always in consideration along with financial return. Phenix Capital assists clients to construct their impact portfolio according to their investment mandate. The education/training services encourage the asset owners to address the social and environmental challenges by their capital, while helping fund managers to develop the appropriate products for the investors. Lastly, Phenix Capital engages in the research and data provision for institutional investors. The database specifies the funds that tackle resource scarcity.

10.2. Explain how this long-term trend affects your product outputs.

Phenix Capital offers services of advisory, education and conversation, and implementation to support the UN SDGs. Resource scarcity is incorporated in the 17 SDGs such as SDG8 Decent Work and Economic Growth and SDG9 Industry, Innovation and Infrastructure. We address the long term trend to the institutional investors and fund managers in all the services:

When Phenix Capital provides advisory services to its clients, impact is always in consideration along with financial return. Phenix Capital assists clients to construct their impact portfolio according to their investment mandate. The education/training services encourage the asset owners to address the social and environmental challenges by their capital, while helping fund managers to develop the appropriate products for the investors. Lastly, Phenix Capital engages in the research and data provision for institutional investors. The database specifies the funds that tackle technology developments.

          Gender Equity and Reduced Inequalities
        

10.2. Explain how this long-term trend affects your product outputs.

Phenix Group includes other SDGs not mentioned above in the product outputs such as SDG5 Gender Equity and SDG10 Reduced Inequalities. These long term trends are constantly addressed in our product output and dialog with clients.

10.4. Additional information. [OPTIONAL]


SG 11. Interaction with asset owners

11.1. Indicate whether you interact with asset owner clients.

11.2. Indicate the typical frequency and type of interactions with your asset owner clients.

Type of interaction

Frequency

Frequency

Frequency

11.3. Additional information. [OPTIONAL]


SG 12. Aligning approach with investor goals

12.1. Describe how you align your organisation’s philosophy on and approach to ESG/RI with investor goals.

Phenix Capital aims to be the leading impact investment consultant, catalyzing the $800 billion financing gap for SDG by 2030. To align the organization's philosophy on and approach to ESG/RI with investor goals, Phenix Capital:

- participates in the working groups of PRI impact investing market map to establish the guide for impact investing industry

- leads the Education working group of PRI impact investing market map

- builts a proprietary database of scalable impact investment funds generating market return (financial first), across asset class, in developed and developing markets, based on SDG with reference to ESG/RI relevant criteria

- provides institutional investors with tailor-made searches per impact theme or per asset class

- connects institutional investors to impact investment funds that meet their requirements and fits their mandate

12.2. Additional information. [OPTIONAL]


SG 13. ESG recommendations not aligned with investor goals

13.1. Describe what steps you take, if any, when your ESG recommendations are not in line with investor goals.

Before promoting Impact investing, we make sure investors have included ESG/RI in their investment goals. Phenix Capital can support them if needed. Phenix Capital aims to encourage investors to allocate at least 5% of their assets in impact investing.

13.2. Additional information. [OPTIONAL]


SG 14. Seeking feedback from clients

14.1. Indicate whether you seek feedback from clients on your RI/ESG services and product offerings

14.2. Describe how you use this feedback in your RI/ESG services and product offerings.

Phenix Capital keeps open and frequent dialogue with clients. By seeking feedback on our services and product offerings, we are able to identify the market trends better and customize our services to their needs. It is also through the client feedback that we are expanding our scope of services to the traditional and impact investing community.

14.4. Additional information. [OPTIONAL]


SG 15. Managing conflicts of interest

15.1. Indicate whether your organisation has a policy for managing potential conflicts of interest.

15.2. Describe how you manage potential conflicts of interest.

Phenix Capital has the internal policy to avoid conflicts of interest where possible or it should be terminated when identified. Partners of Phenix Capital are CFA charter holders. They are personally adherent to the CFA Codes of Ethics and responsible for the independence of the organization, and requires all employees to sign the CFA Code of Ethics.

15.3. Describe how you ensure that company employees do not derive any personal gain from the use of information collected during your work process.

The Phenix team adhere to the respective ethical codes above. Every employee is subject to the internal policy to avoid conflicts of interest including use of information collected during the work process. Phenix Capital applies the CFA Codes of Ethics to all its employees. As of now, Phenix Capital hasn’t identified any situations where the violations occur. 

15.4. Additional information. [OPTIONAL]


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