Join Capital GmbH considers Principal Adverse Impacts (PAI) of its investment decisions on sustainability factors. The present statement is the consolidated PAI statement of Join Capital GmbH; Join Capital Fund I GmbH & Co. KG [LEI 529900B3ZT2EIF3TES63]; and Join Co-Invest II GmbH & Co. KG [LEI 529900RDX6o93B1NCF53].
This PAI statement, in its current form, covers the reference period from 1 January 2020 to 31 December 2020, and will be separately updated to cover any consecutive future review period, in accordance with the SFDR rules.
Description of Sustainability-related Principal Adverse Impacts:
Already today, we do consider ESG factors in our operations as well as in our investment activities.
We have appointed an ESG Officer, who is the senior point of contact for all internal and external ESG related matters, and all related questions raised by affected stakeholders – whether employees, current or potential investors or representatives of the media.
To ensure that we further improve transparency and consistency of our activities in the context of ESG compliance, we have decided to establish our own ESG policy framework, and to introduce an ESG management system, which we are planning to implement in the course of 2021. Going forward, we will be able to publish more detailed information on our website in accordance with the Sustainable Financial Disclosure Regulation (SFDR) requirements.
In the context of portfolio management and investment selection, we will be introducing a set of checklists to analyze all relevant opportunities and risks in the ESG domain – both in terms of potential investments and portfolio companies, and to ensure that our portfolio companies will document their conformity with the ESG guidelines on a regular basis. Our ESG management system will take due account of the nature and scale of our activities and in the venture capital investment market. Our ESG management plan will include a proper set of procedures and tools for identification, assessment, disclosure and mitigation of relevant ESG shortfalls, in particular any Principal Adverse Impacts (PAI) within the meaning of SFDR.
After Board’s decision on ESG policy and management system, we will publish more information about our policies on the identification and prioritisation of principal adverse sustainability impacts and indicators as well as any actions in relation thereto taken or planned.
In this context we will check a possible adherence to responsible business conduct codes and internationally recognised standards and reporting and if relevant the degree of its alignment with the objectives of the Paris Agreement.
According to article 5 SFDR we will include a statement on how those policies are consistent with the integration of sustainability risks in our remuneration policies information.