Vitosha Venture partners ESG risk policy
Investing responsibly
Vitosha Venture Partners Ltd. (VVP) is highly committed to a transition to a low-carbon, more sustainable, resource-efficient and circular economy in line with the Sustainable Development Goals (SDGs), key to ensuring the long-term competitiveness of the economy of the European Union (EU). The Paris Agreement adopted under the United Nations Framework Convention on Climate Change (the ‘Paris Agreement’), which was approved by the EU on 5 October 2016 and which entered into force on 4 November 2016, seeks to strengthen the response to climate change by, inter alia, making finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development. In accordance with EU Regulation 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability-related disclosures in the financial services sector, we hereby disclose our fund’s Environmental, Social, and Governance (ESG) procedures.
Our internal ESG risk policy is targeting to establish a professional approach towards investment decision-making and involving/disclosing to co-investors the integration of sustainability risks, the consideration of adverse sustainability impacts, sustainable investment objectives, or the promotion of environmental or social characteristics, in investment decision making and advisory processes.
ESG engagement
ESG pre-deal DD
ESG governance check
Assessing portfolio company ESG management systems
The portfolio company should establish an appropriate ESG management system, which include:
Considering initial key ESG initiatives
Monitoring
Considering establishing reporting requirements (including incident reporting to the GP)
Pre-exit considerations
VVP would:
© Vitosha Venture Partners Ltd. 2023
Vitosha Venture Partners is co-financed by the European Structural and Investment Funds under the Operational Programme for Innovation and Competitiveness 2014-2020, managed by the Fund of Funds in Bulgaria. For our fund's ESG policy, please see here: http://vitosha.vc/esg.