Sustainability

United Nations Principles on Responsible Investments

Adrigo Asset Management has adopted the United Nations (UN) Principles for Responsible Investments also referred to as UNPRI.

By agreeing to the principles Adrigo Asset Management commits to:

1. Incorporate ESG (Environment, Social and Governance) issues into the investment analysis and decision-making processes.

2. Pursue an active ownership policy and incorporate ESG issues into our ownership policies and practices.

3. Seek appropriate disclosure on ESG issues by the entities in which we invest.

4. Promote acceptance and implementation of the Principles within the investment industry.

5. Collaborate with other players in the financial industry in order to enhance our effectiveness in implementing the Principles.

6. Report (annually) on our activities and progress towards implementing the Principles.

För mer information besök www.unpri.org.

 

Corporate Social Responsibility

The CSR policy of Adrigo Asset Management was set by the Board of Directors on 19th Feb 2019. It includes the following highlights:

Adrigo invests in securities according to a certain investment process, and this process involves determining whether an investment is consistent with our ethical principles. In order to take ensure that we take care of our unitholders’ interests in the best possible way, Adrigo has chosen to apply its own ethical guidelines. The goal is independent analysis and decisions based on observable objective facts and not to let us be guided by emotions, rumors or pressure groups.

Adrigo does not consciously invest in:

• Companies that intentionally or systematically violate basic human rights. This may include torture, detention, forced labor and child labor or other exploitation of children.

• Companies that do not live up to maintaining freedom of association and/or who do not allow the right to collective negotiations.

• Companies deliberately damaging locals or undermining a government elected in democratic elections in the company’s home country or the countries in which the company operates.

• Companies that consciously cause health or environmental violations in a significant part of their business.

• Companies that base their business on tobacco production.

• Companies that base their business on the production/sales of alcoholic products. The definition of alcohol products also includes manufacturers of light alcoholic beverages such as beer.

• Commercial gambling Companies.

• Companies with activities related to pornography

• Companies with activities related to the extraction of fossil energy or uranium

• Companies deemed to base their business on corruption and bribery.

• Companies producing or selling weapons (eg weapons of mass destruction, land mines and cluster bombs).

Adrigo always strives to deliver the best possible risk-adjusted return for our unit holders by assessing the investment against the above guidelines in order to reduce unjustified risk. There are investments that require extra caution, as the expected return does not always justify the risk. Such companies can generate large profits, but are at the same time associated with operational risks and may thus be subject to stricter regulation in the future. We attach importance to circumstances that can be of great importance to the value of the company, either directly or indirectly, as a result of deterioration of their reputation.

Adrigo sees in its analysis that active CSR work at the companies is not only a cost but a way to improve and develop the companies for the benefit of shareholders and thus a component that contributes to a better future return for unit-holders in Adrigo’s funds.

Our guidelines are an integral part of the analysis process, both before and after an investment in a company. We believe that each investment opportunity must be valued independently and based on its distinctive nature, and we attach greater importance to the company’s intentions and current actions than its history.

By gathering information from a number of external suppliers, Adrigo gets in-depth knowledge and insight of the various companies’ strategies and efforts in environmental, social and corporate governance. If Adrigo discovers that, despite our efforts and goals, we have invested in a company that violates the ethical guidelines, then that position will be closed.