In order to comply with the sustainable finance disclosure regulation (SFDR – Regulation (EU) 2019/2088) and the SFDR Delegated Regulation (Commission Delegated Regulation (EU) 2022/1288), Pride Capital Partners B.V. (Pride Capital or the Manager) makes the following disclosures with regard to Pride Link11 Coöperatief U.A.(the Fund).
Pride Link11 Coöperatief U.A. (the Fund) promotes environmental or social characteristics, but does not have as its objective sustainable investment. The Fund will exclude certain investments in portfolio companies with potentially significant negative climate, health and / or social impacts.
The Fund therefore excludes investment in portfolio companies:
1. that substantially focus on: a. the financing of the production of and trade in weapons and ammunition of any kind, it being understood that this restriction does not apply to the extent such activities are part of or accessory to explicit European Union policies; b. the gambling industry, including (online) casinos and equivalent enterprises; c. the production of and trade in tobacco and distilled alcoholic beverages and related products; d. the production or display of pornographic materials; e. extraction, refining or production of fossil fuels; or f. any illegal activities under any applicable laws.
2. which have business activities or practices that otherwise do not correspond with Pride Capital’s environmental, social, and governance (ESG) beliefs.
Investments qualifying under 1. and / or 2. above are Excluded Investments.
Pursuant to the relevant fund agreement(s) applicable to the Fund, Pride Capital is prohibited from investing in the Excluded Investments.
Pride Capital applies a Good Governance Policy. The Good Governance Policy describes how Pride Capital assesses whether a portfolio company in which the Fund intends to invest follows good governance practices and is therefore eligible for an investment of the Fund.
In the due diligence, Pride Capital takes into consideration what the status is of the Portfolio Company’s ESG and Good Governance performance. On an annual basis, Pride Capital conducts a questionnaire among the Portfolio Companies, which covers ESG and Good Governance topics. In the questionnaire Pride Capital checks whether any portfolio company performs activities that are related to one of the Excluded Investments.
After an investment, Pride Capital proactively engages with the Portfolio Companies on ESG, by actively monitoring ESG and Good Governance metrics (inter alia via the questionnaire).