Disclosure pursuant to articles 3.1, 4.1 and 5.1 of Regulations (EU) 2019/2088
For CDP Venture Capital SGR S.p.A., which was set up in 2020 with the aim of simplifying and strengthening the venture capital sector and the economic-productive foundations of the country, environmental, social and governance (ESG) matters are extremely important. Indeed, the essential aspects of its business are based on the principles of ESG responsibility. In its first year of operations, CDP Venture Capital SGR S.p.A. launched its action plan for the implementation of a set of procedures. To this end, CDP Venture Capital SGR S.p.A. will adopt an ESG policy by the end of the first half of 2021. The aim is to monitor sustainability risks with respect to the investments of the funds it manages, also with a view to assessing the possible impact of such risks on the return of its investments. In any case, it is noted that CDP Venture Capital SGR S.p.A. has considered ESG objectives from the outset. Indeed, in 2020, it set up an internal sustainability committee which has already begun mapping the funds' portfolios in view of the development of an ESG policy. Furthermore, given the special nature of the funds managed by CDP Venture Capital SGR S.p.A, which are strongly focused on innovation and digitalisation, and the highly diversified portfolio, the sustainability risk is reasonably expected to be small.
CDP Venture Capital SGR S.p.A.’s investment decisions take ESG criteria into account. However, at present, principal adverse impacts (”PAIs”) on sustainability matters are not considered. In any case, CDP Venture Capital SGR S.p.A. may decide to take PAIs into consideration when adopting its ESG policy - which, as mentioned earlier, will take place by the end of the first half of 2021 - also taking into account the temporary unavailability of a definitive identification of these impacts as referred to in Annex 1, Table 1 and following tables of the Regulatory Technical Standards ("RTS") published by ESMA on 2 February 2021.
CDP Venture Capital SGR S.p.A. promotes the consistency of its operations with sustainability matters. In this respect, ESG objectives are reflected in CDP Venture Capital SGR S.p.A.’s remuneration policies. To this end, such policies will include ESG profiles by the end of the first half of 2021 in order to make them a permanent and long-lasting goal within its policies and consistent with the integration of sustainability risks. For CDP Venture Capital SGR S.p.A., these objectives can have a positive impact on the achievement of its strategic targets. Therefore, it encourages their achievement.»