Sustainability Risks

If and to the extent relevant b-to-v Partners S.à r.l., btov Partners S.à r.l. II, btov Partners S.à r.l. IV and btov Partners S.à r.l. VI (“btov”) consider sustainability risks as part of its investment decision-making process. Sustainability risks are environmental, social or governance events or conditions, the occurrence of which could have an actual or potential material adverse effect on the value of an investment. btov considers and assesses sustainability risks as part of the due diligence process in combination with the Return on Society and Environment (“ROSE”) assessment framework prior to any investment. btov remains free in its decision to refrain from investing or to invest despite sustainability risks in which case btov can also apply measures to reduce or mitigate any sustainability risks. btov will apply the principle of proportionality in dealing with sustainability risks taking due account of the strategic relevance of an investment as well as its transactional context.

 

Principal adverse sustainability impacts statement

Summary

btov considers principal adverse impacts of its investment decisions on sustainability factors before and after investments. Sustainability factors mean environmental, social and employee concerns, respect for human rights and the fight against corruption and bribery. btov collects information regarding principal adverse impacts from portfolio companies through its due diligence and the ROSE assessment prior to the investment as well as on an ongoing basis solely through the ROSE assessment. This principal adverse impact statement dates as of 10 March 2021.

 

Description of principal adverse sustainability impacts

btov applies its approach to consider adverse sustainability impacts within the meaning of the SFDR from 10 March 2021 onwards and will report as required and appropriate.

Description of policies to identify and prioritise principal adverse sustainability impacts
Prior to any investment, btov conducts a due diligence. Part of this due diligence includes checking whether the investment could have a negative impact on sustainability factors. The due diligence contains an extensive analysis that identifies the most critical points for the ROSE assessment. The necessary information is obtained from the respective portfolio company. After an investment, i.e., during the holding period, the ROSE assessment is used for monitoring purposes, i.e., to determine whether there have been or could be any adverse effects on sustainability factors. If adverse effects on sustainability factors are identified before or after an investment, they are taken into account in light of the circumstances of the individual case, in particular considering other impacts of the investment, its size, strategic importance and transactional context.

 

Engagement policies

btov decides at its sole discretion whether or not to make an investment in light of principal adverse impacts on sustainability factors, and btov may apply risk mitigation measures where appropriate.

 

References to international standards

btov is not a member of any international bodies, organizations or required by any national or international convention or standard to comply with any further requirements.

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