Corporate social responsibility

Sustainability - A Shared Responsibility

As a Danish private equity fund, we incorporate sustainability -factors into our work. We set high, but realistic, sustainability standards for ourselves, our portfolio companies and our future investments. Our greatest societal impact is through the operations of our portfolio companies. Therefore, it is a requirement that our companies are signatories of the UN Global Compact, perform an annual ESG self-assessment, integrate relevant findings and report on progress on material sustainability factors.

Sustainability in Capidea’s Portfolio Companies

When it comes to our shared social responsibility, we set high, but realistic, demands to our portfolio companies. Many of these companies are required to report on their sustainability activities under Section 99a of the Danish Annual Accounts Act, but we encourage all of our portfolio companies to work strategically with their sustainability impacts. We know that sustainability is a dynamic process, so we work continuously to ensure that companies integrate sustainability into o day-to-day operations, risk management and commercial strategies.

Our ultimate goal is to integrate sustainability on the agenda for all our portfolio companies.

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We comply with the EU Sustainable Finance Disclosure Regulation as well as with all of the DVCA’s guidelines for responsible ownership and good corporate governance - read more here. We have developed and published policies on sustainability, anti-corruption and good governance. These enable us to work every day in a way that reflects our core values - openness, trust and accessibility.

Sustainability Policy

At Capidea, we are committed to supporting sustainable development through responsible investment practices that consider our environmental and social responsibility, and good corporate governance. Specifically, this means that:

  • - We evaluate the potential adverse sustainability impacts of our investments
  • - We integrate potential adverse sustainability impacts in our general risk assessment processes and valuation procedures.
  • - We work continuously to ensure that companies integrate sustainability into o day-to-day operations, risk management and commercial strategies

Read our Sustainability policy in full here

Anti-corruption Policy

At Capidea, are we are strongly opposed to corruption, extortion and bribery. We have internally defined guidelines on sponsorships and gifts, in order to fight corruption. Specifically, this means that:

  • - Capidea does not accept or receive any form of bribery.
  • - Gifts received or given by Capidea may not exceed our internally accepted de-minimis limits.
  • - Open and honest communication and information enable our employees to deal with any situations of corruption.
  • - Openness is our most important value. It creates assurance that Capidea will always act in a socially responsible manner and in accordance with international guidelines. It is vital to Capidea that our work should be done in a fair way, where the investors’ interests are best served. All employees and partners must ensure, at all times, that their own financial and personal interests do not influence their work or come into conflict with Capidea’s interests.

If you have questions about our sustainability policies and guidelines, you are always more than welcome to contact Capidea directly.

Remuneration Policy

The overall remuneration model is aligned with sound and efficient risk management principles. A part of the policy is to address and mitigate risk, including sustainability risks as defined in Regulation (EU) 2019/2088.

Principal Adverse Impact Statement

Capidea considers the principal adverse impacts on sustainability factors that our investments may have. In our Sustainability Policy, we describe our processes and policies and processed for identifying and prioritizing principle adverse impacts. Capidea both considers potential adverse impacts when screening for new investments through ESG due diligence as well as through active ownership of our portfolio companies. We consider principal adverse impacts based on the UN Global Compact’s ten guiding principles and OECD’s Guidelines for Responsible Business Conduct.

Capidea does not invest in companies with significant negative sustainability impacts without a realistic path to mitigate them. Capidea therefore does not invest in companies who, during due diligence, are found to have a pattern of denying not willing to improve any potential findings related to human and labor rights, of non-compliance with environmental regulations, or of incidents of anti-corruption.

All Capidea’s portfolio companies are required to perform annual sustainability assessment and integrate relevant findings in the regular risk reporting of the company. Further, companies are expected to conduct a climate risk and opportunities scenario analysis with a basis in the recommendations made by the Financial Stability Board’s Task Force on Climate-related Financial Disclosures. The purpose of such process is to mitigate potential adverse impact of sustainability factors, while simultaneously creating the foundation for sustainable value creation.

We address principal adverse impacts through our active ownership and investment restriction activities.

Capidea is a Danish private equity fund which makes long term investments in competitive small and medium-sized enterprises. We invest primarily in manufacturing, distribution, software, retail and services, and we focus on optimising and streamlining the business in co-operation with the existing management.

Established in 2006

Capidea was established in 2006 and currently has a total committed capital of DKK 2.3 billion, divided into three funds. Our third fund was added to the business in 2017 and represents a capital commitment of DKK 750 million.

Competent and experienced team

The qualifications and professional experience of our staff are second to none in the industry. This means that our overall management and decisions are always rooted in our own experience and the latest knowledge in the field.