Portugal Capital Ventures – Sociedade Capital de Risco, S.A. (hereinafter ‘Portugal Ventures’) attaches significant importance to the proper integration of sustainability risks, in respect of Environmental, Social and Governance variables (commonly referred to as ‘ESG’ risks), pursuing its activity focused on the environmental aspect.
The ultimate goal is to create long-term value for our investors, participants and clients, ensuring the competitiveness of the undertakings invested in by the funds managed by Portugal Ventures, making a positive impact on ESG factors.
Portugal Ventures is currently analysing the possibility of signing the United Nations “Principles for Responsible Investment” (PRI).
In compliance with the applicable sustainability framework, in particular Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability-related disclosures in the financial services sector (‘Sustainability Finance Disclosure Regulation’, also abbreviated as ‘SFDR’) and Commission Delegated Regulation (EU) 2022/1288 of 6 April 2022 (‘Delegated Regulation’), Portugal Ventures hereby discloses its ESG Policy. This Policy sets out how environmental, social and governance risks are expected to be incorporated and integrated into our activity.
Notwithstanding the gradual integration of ESG risks in decision making, in particular in investment decisions, Portugal Ventures does not take into consideration the adverse impacts of its investment decisions on sustainability factors. Pursuant to Article 4(1)/b) of the SFDR, in conjunction with Article 12 of the ‘Delegated Regulation’, in a separate statement Portugal Ventures sets out the reasons why it does not consider the adverse impacts of its investments decisions on sustainability factors.
Given the importance of ESG matters to Portugal Ventures and its expectations regarding developments in 2023, in view of the internal measures already implemented, and the implications thereof for Portuguese promotional bank Grupo BPF’s activity, Portugal Venturespledges to periodically review its position on the way sustainability factors are integrated and considered.