Initially published: August 14, 2022
Updated: July 8, 2023
New Nordic Ventures AIFP SIA and its managed fund KS New Nordic Ventures Fund 1 AIF (collectively – New Nordic Ventures) do not consider sustainability factors or sustainability risks as part of its investment decision making as defined by the EU Sustainable Finance Disclosure Regulation (Regulation (EU) 2019/2088) (SFDR). The remuneration policy at New Nordic Ventures does not consider or integrate sustainability risks.
Considering the type and scale of New Nordic Ventures activities and resources, specifically, small fund and team size, the type of assets New Nordic Ventures holds (minority shares in illiquid, early stage technology startups), implementing any changes to the current funds under management would be complicated and yield no benefits.
It is important to note that New Nordic Ventures focuses on investments in technology companies and number of our portfolio companies directly address sustainability challenges.
Definitions (as per SFDR):
Sustainability factors: environmental, social and employee matters, respect for human rights, anti‐corruption and anti‐bribery matters.
Sustainability risks: an environmental, social or governance event or condition that, if it occurs, could cause an actual or a potential material negative impact on the value of the investment