Revaia | Reveal a Better Future

Responsible investment

We believe that companies that contribute positively and address societal and environmental challenges will benefit by creating value in the long term.

So, we invest in companies that take sustainability seriously. Not only do we incorporate ESG (Environmental, Social and Governance) activities into our investment process, we work with our portfolio companies to help them to grow sustainably and lead by example too.

Read our investment policy →

Revaia was created to finance companies that contribute to the transformation of our economy towards more sustainable models and business practices. As a result, our work is focused on identifying the players that innovate in terms of business practices through sustainable behaviours and by identifying solutions that create positive impacts.

On the road to Sustainable Technology

Sustainable technology meets various challenges in the realm of ethics, society, environment, human rights and governance.

As responsible investors in tech, we have defined our approach in our Responsible Investing in Technology Charter.

This Charter, drafted in partnership with Sycomore Asset Management, serves as a framework for sustainable investing in tech and covers the three dimensions that should guide any analysis, each with their own set of metrics and guidelines.

Sustainable Finance Disclosure Regulation (“SFDR”)

The Sustainable Finance Disclosure Regulation (SFDR) aims to provide greater transparency in terms of environmental and social responsibility within the financial markets, including the provision of sustainability information on financial products.

Its objectives are to ensure alignment between commercial documents and actual practice, to ensure comparability of products in these terms and to guide private investments in more responsible investments. This regulation takes place at the level of management entities and also at the level of financial products.

SFDR requires to define the classification of each financial product according to one of the following category:

Article 6: the financial product does not have a sustainability objective;
Article 8: the financial product promotes, among other characteristics, environmental and social characteristics - even if this is not its main focus - provided that the companies in which the investments made, follow good governance practices;
Article 9: The product has a sustainable investment objective, provided that the companies in which the investments are made do not significantly harm any other objectives and follow good governance practices.

Approach to sustainability risks

Per the Disclosure Regulation, a sustainability risk means an environmental, social or governance event or condition that, if it occurs, could cause an actual or potential material negative impact on the value of the investment. Our approach regarding sustainability risks is integrated at each step of our investment process as presented above in this charter. Hence, sustainability risks are a key component in our decision-making process in line with Article 3 of the Disclosure Regulation (Regulation EU 2019/2088).

Positionning of Revaia’s funds

This section provides detailed sustainability-related disclosures regarding Revaia’s funds categorized as Article 8, as provided in Article 32 of the Sustainable Finance Disclosure Regulation (“SFDR”):
Revaia Growth I SLP →

Revaia Growth II SLP →

Consideration of sustainable Principal Adverse Impacts

To date, the adverse impacts are discussed during the investment process (on the basis of the materiality map provided by SASB notably), and the principle of ‘do not significantly harm’ is one of the pillars of our investment thesis. However, the analysis is not formalized in the manner disclosed by Article 4 of the Disclosure Regulation. This is our current position, which we will keep under review based on the final version of the regulation. Hence the detailed requirements of the Regulatory Technical Standards (RTS) were in a draft version by 10 March 2021, when we were required to decide and publish our initial approach. We are continuing to assess the mandatory data collection and disclosure requirements which are applicable to firms which opt in to consider the principal adverse impacts of their investment decisions.

Revaia Remuneration Policy

Revaia’ compensation policy aims to align the interests of all employees with those of its stakeholders and to empower all employees to collectively create sustainable value. Employee’s remuneration combined a fixed remuneration and variable remuneration. Consistently with the Disclosure Regulation, the Company defined the expectations of all team members and included E, S and G characteristics as part of their responsibilities and thus the definition of their compensation. Sustainable targets are set individually and are linked to the implementation of the sustainable investment process and/or sustainable criteria at the Management Company level and at the Portfolio Companies’ level.

Principles for Responsible Investing
of the United Nations (UN PRI)

The PRI is the world’s leading advocate for responsible investment. As an independent, UN-supported organisation, it works to understand the investment implications of environmental, social and governance (ESG) factors, and to support its international network of investor signatories in incorporating these factors into their investment and ownership decisions.

Revaia has been a signatory of the PRI Principles since 2020.

By become a signatory, Revaia has a duty to act in the best long-term interests of our beneficiaries. In this fiduciary role, Revaia believes that environmental, social, and corporate governance (ESG) issues can affect the performance of investment portfolios.

Revaia also recognise that applying these Principles may better align investors with broader objectives of society.

Therefore, where consistent with its fiduciary responsibilities, Revaia commits to the following:

Principle 1: Revaia will incorporate ESG issues into investment analysis and decision-making processes.
Principle 2: Revaia will be active owners and incorporate ESG issues into our ownership policies and practices.
Principle 3: Revaia will seek appropriate disclosure on ESG issues by the entities in which we invest.
Principle 4: Revaia will promote acceptance and implementation of the Principles within the investment industry.
Principle 5: Revaia will work together to enhance our effectiveness in implementing the Principles.
Principle 6: Revaia will each report on our activities and progress towards implementing the Principles.

UN PRI | Bridges Fund Management

The PRI (Principles for Responsible Investment) assessment report is designed to provide feedback to signatories and support ongoing learning and development.

Each year, the PRI organises a major disclosure exercise for all signatories to assess their practices in terms of ESG integration.

2022 was the first year for Revaia to complete this assessment.