ESG Disclosure

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New Nordic Ventures AIFP, SIA will not consider adverse impact assessment of its investment decisions on sustainability factors as specially contemplated by the EU Sustainable Finance Disclosure Regulation (Regulation (EU) 2019/2088) (“SFDR”), however, it is important to note that New Nordic Ventures focuses on investment in technology companies and number of New Nordic Ventures portfolio companies directly address sustainability challenges.

Considering the scale of New Nordic Ventures activities, resources and products it offers to investors, it would be extremely challenging to comply with the specific regime of the SFDR. Specifically, small fund and team size, significant portfolio size and the type of assets New Nordic Ventures invests in (seed stage startups). Additionally, implementing any changes to the current funds under management would be complicated. In case of a new fund being raised by New Nordic Ventures this decision will be reevaluated.

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