In line with Abac Capital's ("Abac") continued commitment to sustainable value creation, a sustainability link to its second fund, Abac Sustainable Value II, FCR, has been introduced to the Capital Call Bridge Facility provided by Raiffeisen Bank International's London Branch.

The facility's margin is linked to the performance of the fund's portfolio companies based on the following three ESG-metrics:

  1. Green House Gas ("GHG") emissions reporting in line with set targets
  2. Gender diversity in management teams, and
  3. Establishment of governance policies, specifically anti-corruption and a code of conduct.

This action is part of an established strategy to drive change by developing ESG matters with equal focus on risk mitigation and value creation throughout the business.

"Abac is an investor with impact, where sustainability is core to the way we do business. Linking the facility's margin to the Fund's ESG performance is another step that shows our commitment to positively impacting the environment and our communities while delivering returns to our investors. Abac, which certified as a B Corporation in early 2021, is committed to the highest standards of sustainability and works to improve the ESG performance of its portfolio during the holding period. It is a pleasure to work with RBI, a like-minded partner," says Oriol Pinya, Founding Partner, Abac Capital.

"RBI has signed the Principles of Responsible Banking and is a pioneer in ESG in its home market Austria and Central and Eastern Europe. As such, promotion of ESG principles has a top priority for us. Including a challenging, but realistic, ESG linked matrix into the Facility we have provided to Abac Sustainable Value II, FCR, helps incentivise Abac Capital to continue the great work it has already done in the field of ESG," says Adam Heaysman, Director at Raiffeisen Bank International London Branch.

At Abac, we acknowledge that sustainability factors will influence the financial performance of our portfolio and have external impacts on our surrounding communities. We, therefore, strive to advance sustainable practices at our portfolio through active ownership to drive long-term value creation and positive ESG impact.

Our investment policies and processes are designed to integrate sustainability risks as well as identify and prioritise principal adverse impacts on sustainability factors throughout the investment cycle based on the analysis of a wide set of KPIs, including energy consumption and emissions, water consumption, fossil fuel consumption, packaging and waste management, supply chain ESG management, social and employee matters, and the implementation of governance policies. Over sixty KPIs and a performance analysis are reported to investors on a quarterly and annual basis.

The Facility is provided by Raiffeisen Bank International AG and Cadwalader, Wickersham & Taft LLP served as legal advisor.

For further information, please contact:

Silvia Gimeno, Deva, tel +34 616 692 807, sgimeno@deva.es

Adam Heaysman, Director, Raiffeisen Bank International AG, tel +44 7753 447 189

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Raiffeisen Bank International AG published this content on 18 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 January 2022 08:24:05 UTC.