Sustainability

Disclosure of sustainability-related information

Regulation (EU) No 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability‐related disclosures in the financial services sector (hereinafter referred to as SFDR Regulation) establishes a set of harmonised transparency rules for the financial services sector requiring financial market participants to disclose sustainability-related information regarding their investment decision-making process on their websites.

According to the SFDR Regulation “sustainability factors” mean environmental, social and employee matters, respect for human rights, anti-corruption and anti-bribery matters and “sustainability factors” are any environmental, social or governance event or condition that, if it occurs, could cause an actual or a potential material negative impact on the value of the investment. A “sustainable investment”, in turn, is defined as an investment in an economic activity that contributes to an environmental […] or social objective […] or an investment that does not significantly harm any of those objectives and that the investee companies follow good governance practices, in particular with respect to sound management structures, employee relations, remuneration of staff and tax compliance.

Portugal Ventures’ core values are commitment, responsibility, transparency and excellence, and it pursues its activity with a forward-looking perspective and vision, making it vital to invest in projects with sustainable objectives.

Portugal Ventures’ investment policy does not yet integrate issues related to ESG (Environmental, Social and Governance) factors and as such there is no aggregate data currently available to determine the adverse impacts of its investment decisions on the sustainability factors of the projects in which it invests.

Although it is expected that most sectors in which Portugal Ventures invests do not have material adverse impacts on sustainability factors, Portugal Ventures intends to integrate sustainability risks into its investment decisions and to assess the adverse impacts of those decisions on sustainability factors.

To comply with its duties arising from the SFDR Regulation, Portugal Ventures is updating its investment decision making processes and policies and its procedures for assessing projects and the potential adverse impacts thereof on ESG factors. To this end, Portugal Ventures will take into account the draft regulatory technical standards (RTS) when applying the rules established under the SFDR Regulation, as recommended by the European Supervisory Authoritiesand the Portuguese Securities Market Commission (CMVM).

Portugal Ventures is also assessing the need to review its employee remuneration policy, in accordance with the SFDR Regulation.

More sustainability-related information can be requested by sending an e-mail to contact@portugalventures.pt.