The ESG (or ESG in English) criteria that address the three pillars of sustainability are Environmental, Social and Governance are:
- Environmental Criteria (A): It covers topics such as climate risks, the shortage of natural resources, pollution, waste, environmental policy, management and reporting, consumption of resources, conservation of biodiversity, circular economy, positive impact (renewable energies) products & businesses.
- Social Criteria (S): It includes labor and product liability issues, risks such as data security and opposition from interest groups, promotion of compliance with human rights and labor rights (training, health and safety, equality …), work in developing countries, reduction of inequalities, investment in the community, products & businesses with positive impact at the social level, creation of employment, etc…
- Governance (G): Corporate governance: Includes elements related to corporate governance and company behavior, such as the quality and effectiveness of the board, responsible practices, compliance with principles against bribery and corruption, women in management bodies, business ethic code, relationship with stakeholders / employees / clients / suppliers, etc.
BEABLE CAPITAL goal is to maximize returns to its investors by selecting and supporting the most promising investment opportunities. Internal processes and tools are used to provide analysis on the opportunities selecting those that present a better “momentum” based on the quality, visibility of the business, greatest projections that meet the premises determined for that investment.
Additionally, BEABLE CAPITAL believes that to promote investments and to act in a responsible way in reference to environmental, social, and governance (“ESG”) pillars is essential to generate of positive impacts on society and the environment and create value for its stakeholders at the same time of getting aligned with the responsibility of investors to promote long-term investment in sustainable activities and projects among all participants of the system.
BEABLE CAPITAL ESG Policy has been implemented to provide general guidelines around these considerations. We regularly revisit and update our ESG Policy to ensure that it evolves with changes in industry demands and regulations; it is not a static process but will be in constant evolution.
Our investments focus is on pre-seed, seed and early stage science projects that in general are completely aligned within Sustainable Development Goals (SDGs), Green Bond Principles (GBPs) and Social Bond Principles (SBPs).
Relevance attention is paid on providing a safe work environment and respecting labor rights. Due to our investment strategy on science projects new and high-quality employment is created by our portfolio companies.
BeAble Capital follows a policy of active ownership and involvement (commitment) and voting in the portfolio companies, encouraging strong corporate governance to them.
Due to the type of projects, Confidential Information and Trade Secret Policies are extremely important encouraging to the portfolio companies to develop processes to protect and maintain confidentiality, integrity and availability of the information.
It should be remarked that our portfolio companies hold regular board meetings and follow-up meetings, define regular business plans (commercial, strategical, financial and technical), financial budget monitoring is required and contracted specialized legal support.
Non-consideration of the Main Adverse Incidents:
«Main adverse incident» is understood as the significant negative impact that could occur on the environment or society as a result of investing in a certain economic activity.
Regarding the policy in relation to the adverse incidents of investment decisions or advice on sustainability factors, BeAble Capital makes efforts to avoid the adverse incidents of investment decisions on sustainability factors associated with the environmental nature and portfolio social.
However, at present, adverse incidents on sustainability factors are not taken into account since we cannot find information on the market of adequate quality and rigor that allows us to assess the possible impact of our investments on sustainability factors with the clarity we would like (for example the impact that companies would have on greenhouse gas emissions, carbon footprint, use of fossil fuels or energy and water consumption and efficiency, among others).”
Please check our “ESG Policy”