Responsible investment.
The UN Principles for Responsible Investment (PRI) is an international organization that works to promote the incorporation of environmental, social, and corporate governance factors into investment and ownership decision-making. In implementing them, signatories contribute to developing a more sustainable global financial system.
Litorina has been a signatory of the UN PRI since 2014. Our active ownership approach is consistent with the six principles of the UN PRI. As a signatory we are subject to regular reporting and you can find our latest Annual PRI Transparency Report here:
Deal sourcing
- Exclude companies or entities whose business activity consists of illegal economic activity, or which substantially focus on tobacco and alcohol, weapons and ammunition, casino and gambling, illegal drugs, pornography or coal-based activities
- Include companies with a good potential to improve on our four core SDGs
- Pro-active sourcing excludes sectors and subsectors exposed to high sustainability risks
Investment decision
- Perform an ESG due diligence to determine sustainability risks and opportunities
- Companies that are exposed to (unmanageable) sustainability risks are excluded
- Confirmation of potential to contribute to our four core SDGs as well as identification of company specific SDGs
- ESG due diligence findings are an integrated part of the material presented to the Investment Committee
Value creation
Assign responsibility and accountability for managing ESG matters to the board and management (ESG onboarding):
✓ Sustainability coordinator
✓ ESG committee
✓ ESG governance (policies, training, etc.)
✓ ESG materiality assessment
✓ Selection of UN SDGs
✓ Setting ESG KPIs and targets
✓ ESG integration into the business strategy
✓ Educate and communicate
Exit
- Communicate achievements and, where possible, measure impact over the investment period
- Identify lessons learned and integrate feedback into the Responsible Investment Framework
Key focus areas
We will increase the share of women at Litorina and increase the share of women in Litorina’s Advisor network (which represents the non-executive board members that Litorina appoints to the board of directors of our portfolio companies).
We will create new jobs in our portfolio companies and promote sustainable and safe workplaces.
Sustainability related disclosures.
The EU Sustainable Finance Disclosure Regulation (SFDR) ((EU) 2019/2088) is a set of EU rules which aim to make the sustainability profile of funds more comparable and better understood by end-investors.
Litorina V AB and Litorina V (A) AB (jointly “Litorina V”) promote environmental or social characteristics, but do not have as its objective to make any sustainable investment. As a result, Litorina V complies with Article 8 of the SFDR. For more SFDR information please see the below SFDR disclosure document:
Sustainability Report.
Code of Conduct.
Corporate sustainability starts with a company’s value system and a principles-based approach to doing business. This means operating in ways that, at a minimum, meet fundamental responsibilities in the areas of human rights, labour, environment and anti-corruption. Responsible businesses enact the same values and principles wherever they have a presence and know that good practices in one area do not offset harm in another. By incorporating the Ten Principles of the UN Global Compact into our Code of Conduct we acknowledge our basic responsibilities to people and the planet, but also set the stage for our long-term success.
Litorina’s Code of Conduct is a statement of Litorina’s commitment to adhere to the highest ethical and professional standards, to deal fairly and honestly, to act with integrity and transparency and invest responsibly.