SFDR Information in relation to Liberta Partners GmbH
Liberta Partners GmbH, (LEI: 391200MCXOCBLVX9P822) is a registered capital management company within the meaning of the German Capital Investment Code (Kapitalanlagegesetzbuch, “KAGB”) and publishes the following information in connection with the consideration of sustainability-related aspects pursuant to Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability-related disclosure requirements in the financial services sector (“SFDR”).
The special AIFs managed by Liberta Partners GmbH focus their investments, irrespective of the sector, on spin-offs from group structures (carve-outs) and succession situations, provided there is an opportunity to acquire a majority. Companies should have their headquarters in the DACH region (in exceptional cases also in neighbouring countries). If the target companies show clear development potential, investments can also be made in far-reaching restructuring situations.The following information relates to Liberta Partners GmbH’s sustainability policy and management and investment decision-making processes in general.
Article 3 of the SFDR: Strategies for dealing with sustainability risk
Information on the inclusion of sustainability risks
Liberta Partners GmbH incorporates sustainability risks into its investment decision-making processes, as well as into its ongoing management activities. “Sustainability risks” refer to environmental, social or governance events or conditions that, if they occurred, could have an actual or potential material adverse effect on the value of investment activities. The identification, assessment and management of material sustainability risks is an important part of Liberta Partners GmbH’s business activities.
To ensure responsible behaviour, Liberta Partners GmbH develops environmental, social and governance (ESG) standards and implements appropriate processes and an ESG policy as part of its strategy.
As part of the selection process of new investment opportunities, Liberta Partners GmbH will assess the sustainability factors of potential portfolio companies using a proprietary ESG scoring model. Liberta Partners GmbH will obtain the information for this through targeted ESG due diligence, review of relevant documents, interviews with representatives of the potential portfolio companies and secondary analyses. Liberta Partners GmbH will thus obtain a comprehensive profile of the sustainability factors of the portfolio companies, systematically assess the sustainability risks on the basis of this profile and will develop an ESG sustainability plan for each portfolio company. The results of the ESG scoring model will be considered by the Investment Committee as part of the decision-making process.
Holding phase of portfolio companies
Liberta Partners GmbH pursues the goal of systematically developing the portfolio companies and exploiting potential during the holding period. To achieve this goal, Liberta Partners GmbH defines a value development strategy for each portfolio company. One component of this strategy is the ESG sustainability plan. During the holding phase of the portfolio companies, the progress of the ESG sustainability plan as well as the identified sustainability risks are regularly reviewed and assessed as part of the risk management process. Liberta Partners aims to implement the ESG sustainability plan for each portfolio company as it can have a positive impact on profitability.
Regular review of ESG activities
Liberta Partners GmbH regularly reviews the procedures for incorporating sustainability risks to ensure that new risks and requirements are taken into account.
Other ESG activities of Liberta Partners GmbH
Liberta Partners GmbH was able to offset its annual CO² emissions by supporting climate protection projects with the service provider Climate Partner. Consequently, it is certified as a climate neutral company. Liberta Partners GmbH regularly supports social and sustainable projects and each employee volunteers several hours per year.
Article 4 of the SFDR: Transparency of Adverse Sustainability Impacts at the Company Level
Statement on the consideration of material adverse impacts on sustainability factors
Article 4 of the Disclosure Regulation provides a framework for creating transparency with regard to any adverse impacts of investment decisions on sustainability factors (“Principle Adverse Impacts”; PAI). For this purpose, financial market participants such as Liberta Partners GmbH must disclose certain information (from 01 July 2022 taking into account so-called Regulatory Technical Standards; RTS). Currently, Liberta Partners GmbH does not take into account any adverse effects of investment decisions on sustainability factors, as it is of the opinion that the information provided to it in relation to the investments is not sufficient to enable this. Liberta Partners GmbH will monitor developments in the area of available information and consider whether it will be possible in the future to disclose the information required by Article 4 of the Disclosure Regulation (including the future RTS).
Article 5 of the SFDR: Transparency of the remuneration policy in relation to the consideration of sustainability risks
Information on remuneration policy
Liberta Partners GmbH, as a registered capital management company, does not have a remuneration guideline (remuneration policy) in accordance with the requirements of the KAGB. The salary is composed of a variable and fixed component in combination with theme-specific bonuses. Employees are also not motivated to take excessive ESG risks. This is monitored by the managers, who determine the bonus and variable salary.
Last updated: 02.03.2022