Driving Sustainable Growth Through Responsible Investment “Empowering a resilient future through rigorous governance and strategic foresight.”
3xP Global is an Independent Asset Management Firm,registered and supervised by CMVM (Portuguese Securities Market Commission),signatory of UN PRI - Principles of Responsible Investments of the UnitedNations and a GRI - Global Reporting Initiative - member. Being the
First Portuguese financial institution certified as a B Corp, 3xP Global is signatory to the
highest global ESG standards and frameworks, shaping the landscape of ESG Integration methodology in Portugal.
3xP Global is supported by an experienced and certified investment team (EFFAS certification). An ESG approach mitigates operational and financial risk at a portfolio level, generating value, through the creation of more robust, resilient and attractive companies, and having a positive impact on the environment, society and governance practices. As so, at
3xP Global, investment analysis and due diligence processes always include ESG scrutiny, based on the assessment of specific KPIs adjusted to the company sector.
An investment opportunity that makes financial sense, but does not meet our ESG standards, is not approved by the Investment Committee.
Our investments are based on ESG principles sustained by the idea that along with
Sustainability comes Return. They run side by side. Our governance processes, controls, and procedures are meticulously designed to monitor, manage, and oversee Sustainability-related risks and opportunities.
We employ a robust strategy that integrates Sustainabilityinto every facet of our decision-making process, ensuring that our investments not only deliver financial returns but also contribute to a Sustainable future. We are committed to identifying, assessing, prioritizing, and continuously monitoring Sustainability-related risks and opportunities. Our approach is comprehensive and forward-looking, allowing usto stay ahead of potential challenges while capitalizing on emerging opportunities.
Furthermore, we rigorously track our performance against Sustainability targets, adhering to both internal objectives and legal or regulatory requirements, and we transparently report our progress to ensure accountability and continuous improvement.
Our commitment to Sustainability is on the longterm. Only this way will be possible to build a more dynamic, balanced and sustained ecosystem, prepared to manage all the big challenges that our planet is facing and ensure full prosperity.
Integration of Sustainability Risks
Article 3 of Regulation (EU) 2019/2088 - Transparency of sustainability risk policies
Our
Sustainability Policy provides information about the integration of Sustainability risks into our investment decision-making process.
Sustainability Risks include (but are not limited to) the following:
- Environmental risks such as the impact of environmental events such as increased flooding risks on operations of portfolio companies;
- Social risks such as impact of non-compliance with anti-slavery or working conditions laws and regulations by portfolio companies; and
- Governance risks such as inadequate management oversight of portfolio companies.
Consideration of Principal Adverse Sustainability Impacts
No consideration of principal adverse Sustainability impacts
Article 4 of Regulation (EU) 2019/2088 -Transparency of adverse sustainability impacts at entity level 3xP Global does not take into account the principal adverse impacts of investment decisions on Sustainability factors (principal adverse impacts at the level of the financial market participant), given that the investment policy pursued by the majority of the collective investment undertakings under management, with regard to sectors and asset types, does not currently allow
3xP Global to ensure compliance with the legal obligations that such consideration of adverse impacts would entail. Should these circumstances change in the future,
3xP Global will reconsider this matter. As an exception, our “Impact Innovation Fund – Fundo de Capital de Risco Fechado” takes into account the principal adverse impacts on Sustainability factors (principal adverse impacts at the financial product level), as indicated in Annex I of its Management Regulation.
3xP Global will seek to integrate Sustainability risks into its investment decisions, as well as to assess the potential impacts of Sustainability risks on the Fund's returns, to the extent that such risks are relevant to the Fund’s activities. If such information exists, it will be included in the disclosure to the Participants. Not with standing the above,
3xP Global is committed to respecting the "do no significant harm" principle, as defined by the European Commission in the Communication on Technical Guidance on the Application of the "Do No Significant Harm" Principle under the Regulation establishing a Recovery and Resilience Facility (2021/C 58/01).
Remuneration and integration of Sustainability risks
Article 5 of Regulation (EU) 2019/2088 - Transparency of remuneration policies in relation to the integration of Sustainability risks
3xP Global Remuneration Policy is consistent with the integration of Sustainability Risks both in the long term and with respect to more short-term variable compensation.
Remuneration is generally provided on a fixed basis and may include participation in the firm’s annual performance, which considers both financial criteria and firm’s external validation of its ESG policy. This involves the attribution and maintenance of certifications, like B Corp, and awards related to its direct activity, like EVCA awards and other. All criteria are revised on a regular basis.
3xP Global receives a mandate by every single investor to manage her or his savings based on strict criteria of prudence and informed decisions. Remuneration Policy also considers the contribution to effective risk management both company and its portfolios. Our risk management approach considers financial risks, regulatory, security and fraud, operational risks, with special attention to the impacts on the environment and all stakeholders.
3xP Global’s Grow Sustainable Program aims to raise awareness about sustainable practices on our ecosystem and on corporate world. Employees’ alignment with this program is taken into consideration on regular performance review, having a potential positive impact on individual remuneration. All staff has a combination of fixed and variable remuneration where the performance of the Funds does not directly impact the remuneration of the remuneration.
Considering the limited impact of the variable remuneration on the risk profile of the Funds and the nature of the business of
3xP Global, we believe remuneration components are not based on the performance of the Funds and that there is no risk of misalignment with the sustainability risks associated with the investment decision making process of the Company in respect of the Funds.
SFDR Product Categorization
Article 10 of Regulation (EU) 2019/2088 - Transparency of the promotion of environmental or social characteristics and of sustainable investments on websites Currently, the Funds managed by
3xP Global are classified under Article 6 of the SFDR, as Sustainability risks are integrated into our investment decision-making process. However, we also manage Funds that fall under Article 8 and Article 9 of the SFDR. We are actively making the necessary adjustments to ensure that these Funds fully meet the respective requirements, aligning with our commitment to sustainable investing.
Updated infos at 30-08-2024
