Responsibility.

Growth needs to be sustainable in every way. But simply ensuring that our companies follow ESG policies is not enough. That is why we take great pride in working side by side with management on the areas where we can make a real difference. It is about minimizing the footprints we leave behind, not what we claim in a report.

Focus areas and key topics

Procuritas is a supporter of the United Nations Sustainable Development Goals and seeks to contribute to their achievement through our investments and stewardship approach. Our vision and mission point out the direction of our sustainability work. To focus our actions and make sustainable things happen we have prioritized seven sustainability topics and divided these into three focus areas, Good governance, An attractive workplace and A planet in balance. To enable continuous improvements, we have developed goals and Key Performance Indicators (KPIs) for all prioritized topics with a clear linkage to the UN Sustainable Development Goals (SDGs).

Good Governance

We are to act with responsibility towards all stakeholder, we measure this through our portfolio companies who should know us as responsible owners. We follow UN’s Principles for Responsible Investing and measure our UNPRI score annually, always with the goal of improving.

Both Procuritas and our portfolio companies should have a Code of Conduct that is up to date, training in Code of Conduct for relevant employees is to happen regularly. We encourage a culture where people can speak up if they notice something not right, therefore all companies should have a whistle-blower function.

We believe in transparency. Procuritas and our portfolio companies need to publish a Sustainability report describing the company’s material sustainability topics, sustainability goals, and key actions taken to improve the company’s sustainability agenda. Greenhouse gas emissions should always be disclosed, in addition to relevant company KPIs.

An attractive workplace

An inclusive and diverse workplace is an attractive workplace; therefore we strive for gender balance throughout the organization and our portfolio companies. This is promoted by regular training in Diversity, Equality, and Inclusion to counteract unconscious bias and create an inclusive culture.

We are committed to equal pay for equal work and want our companies to have a policy to cover wage equality.

Workplace wellbeing is also subjective. Both Procuritas and our portfolio companies should follow up on eNPS scores regularly and have a clear agenda on how to improve them.

A planet in balance

Climate action is necessary. To make sure we are part of the solution we have committed to the Science-Based Targets initiative (SBTi), to reduce greenhouse gas emissions. The Science-Based Targets are based on what science assesses we need to do to meet the goals of the Paris Agreement – to limit global warming to 1.5°C over pre-industrial temperatures. All portfolio companies should also set SBTs. Our goal is to have 100% approved SBTs within our portfolio by 2033.

We also work on a smaller scale reducing our footprint by reducing air-travel, aiming for secondhand purchases, and using renewable electricity.

For the portfolio companies we aim to support the circular economy in the business whenever possible. We also keep tabs so that our companies do not have a negative impact on threatened species or areas of high biodiversity value.

Timeline

Sustainability-related disclosures

Procuritas Capital Investors VII is an article 8 fund which promotes environmental and social characteristics but does not commit to making any sustainable investments. Read our Sustainable Finance Disclosure Regulation (SFDR) related information here:

Website Disclosure – complete in English

Procuritas – SFDR Disclosures – Principal Adverse Impacts

Principal Adverse Impacts – Summary in Swedish

Procuritas – SFDR Disclosures – Remuneration Policy

Procuritas – SFDR Disclosures – Sustainability Risks

Website Disclosure – Summary in Swedish

Our Sustainability Report

Procuritas Sustainability Report 2023 (The 2023 Sustainability Report has been revised 241216)

Procuritas Sustainability Report 2022

Procuritas Sustainability Report 2021

Our ESG Policy

Our ESG policy defines Procuritas’ responsible investment method from the pre-investment phase, through ownership and exit. The policy establishes standards that Procuritas commits to in regard to ESG and serves as a tool for communication with investors, staff, advisors and other stakeholders.

Procuritas ESG Policy

UNPRI signatory

Since 2015, Procuritas Capital Investors has been a signatory of the United Nations’ Principles for Responsible Investment (PRI). PRI is an informal network of investors who commit to taking an active stance with regards to ESG. We are committed to the six principles of PRI and strive to turn this into concrete actions in our work with our portfolio companies.

UNPRI Transparency Report

Our Code of Conduct

At Procuritas, we strongly believe  that a focus on integrity and high ethical standards will lead to better decision making and an all-in-all better work environment. That’s why we have a clear Code of Conduct that applies to all stakeholders: employees, board members and partners. It provides guidance on how to act in various situations that may present ethical challenges, how to be a responsible employer and how Procuritas acts as a part of society.

Procuritas Code of Conduct