Sustainability

At Crest we believe that responsible investment contributes to the creation of value.

We this approach, we have been subscribers since 2018 to the Principles for Responsible Investment (PRI) initiative with the support of the UN and we incorporate environmental, social and corporate governance (ESG) considerations into all our investment strategies.

Responsible Investment Policy

Since 2018, we have been subscribers to the Principles for Responsible Investment (PRI) initiative with the support of the United Nations (UN), whose objective is to demonstrate a long-term commitment to responsible investments and sustainable results.

Our
investment policy

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We adopt a Responsible Investment Policy when making decisions regarding investments and management of our portfolio, integrating environmental protection measures, social promotion and transparency in corporate governance (ESG).

We believe that this is the best way to ensure the long-term competitiveness of our subsidiaries and to create better returns for investors.

Six principles PRI

Our Responsible Investment Policy is based on the six principles for
responsible investment from the UNPRI initiative:

  • 1

    We incorporate ESG issues into investment analysis and decision-making processes.

  • 2

    We are proactive and incorporate ESG issues into our policies and asset management practices.

  • 3

    We seek to promote that the entities in which we invest disclose information related to performance on ESG criteria.

  • 4

    We will promote acceptance and implementation of the Principles within the investment industry.

  • 5

    We work together for more effective implementation of Principles.

  • 6

    We disclose reports on our activities and implementation progress of principles.

ESG Integration Model in Our Investment Process

Crest's responsible investment approach includes the following steps:

  • Pre-investment phase

    • Apply exclusion criteria

    • Carry out a due diligence process

    • Integrate ESG principles into all proposals and agreements

  • During the investment phase

    • Promote the appointment of an ESG Responsible Officer at each subsidiary

    • Support subsidiaries in analyzing ESG risks and opportunities

    • Support subsidiaries in the design and execution of ESG initiatives

    • Monitor ESG performance progress

    • Report to investors about ongoing activities and their impacts

  • Divestment Phase

    • Deliver an ESG due diligence report to potential buyers

    • Identifies and values ongoing ESG projects

SFDR Disclosure

EU Sustainable Finance Disclosure Regulation (SFDR)

Crest Capital Partners makes the following disclosures in accordance with the Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability‐related disclosures in the financial services sector (“SFDR”).

SFDR
disclosure

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Sustainability related disclosures for the management company CREST, S.A. (SFDR Article 3, 4 e 5)

  • Integration of sustainability risks into investment decision-making processes (Article 3 of the SFDR)

    This disclosure applies to Crest Capital Partners and is made pursuant to Article 3 of SFDR.

    Crest Capital Partners’ Responsible Investment Policy, adopted in April 2019, sets out a sustainable and responsible investment approach in relation to new acquisitions and portfolio management.

    The incorporation of environmental, social and governance (ESG) factors is based on the firms’ understanding that these factors can pose material negative impact on the value of the portfolio of Crest. This is aligned with what the SFDR defines as a sustainability risk: “an environmental, social or governance event or condition that, if it occurs, could cause an actual or potential material negative impact on the value of the investment”.

    The Responsible Investment Policy covers all Crest Capital Partners’ private equity funds, portfolio companies and new acquisitions.

    Responsible Investment Policy

  • Statement on the Principal Adverse Impacts (PAI) of investment decisions on sustainability factors (Article 4 of the SFDR)

    This disclosure applies to Crest Capital Partners and is made pursuant to Article 4 of SFDR.

    Crest Capital Partners considers and monitors the principal adverse impacts of its investment decisions on sustainability factors in the manner prescribed by Article 4 of the Disclosure Regulation.

    Principal Adverse Sustainability Impacts Statement

  • Integration of sustainability risks into remuneration policy (Article 5 of the SFDR)

    This disclosure applies to Crest Capital Partners and is made pursuant to Article 5 of SFDR.

    Crest pays a combination of fixed remuneration (salary and benefits) and variable remuneration (bonus) aligned to the performance of the funds managed by Crest and can be reduced in case of poor monitoring of sustainability indicators.

Last update 30-06-2024

Sustainability-related disclosures (Article 10 of the SFDR)

Last update 30-06-2024