Sustainable

Environmental, Social and Governance

Environmental

The key variable is efficient energy use. Technology already allows for an energy transition to zero emission; growth in this area has only just begun.

The companies included in our portfolio strive to achieve energy self-sufficiency. We also select companies with a product that helps society in achieving that goal. Moreover, we potentially invest in the whole value chain of energy efficiency.

We consider other relevant variables such as CO2 emissions, water usage and waste management.

Social

The social dimension encompasses the impact of the company’s activities on employees, customers, suppliers and, in a broader sense, society. In companies where human capital is crucial, such as consulting firms, advertising agencies or engineering firms, a favourable social policy mitigates operational risk.

Employee turnover

Evolution of the percentage of part-time or permanent employees

Wage dispersion

Employee turnover

Evolution of the percentage of part-time or permanent employees

Wage dispersion

Safeguarding of key employees

Health and safety procedures at workplace

Company products and services

Governance

Corporate governance is the system of rules, practices and procedures by which a company is directed and controlled. Good governance involves balancing the interests of a company’s different stakeholders such as shareholders, management team, customers, etc. Therefore, a sound governance provides stability by establishing clear and effective accountability mechanisms. In short, it reflects the strength of the company’s principles and values.

Quality of the management team. Board of Directors.

Quality of audit evidence

Structure and use of capital

Remuneration and incentives