ICF Capital signs up to the United Nations Principles for Responsible Investment

27 October 2021

The ICF Group’s venture capital operator builds environmental, social and good governance issues into its analysis and decision-making processes and investee management. ICF Capital, the ICF Group’s venture capital operator, has signed up to the United Nations Principles for Responsible Investment to promote it by baking environmental, social and governance (ESG) issues into its analysis and decision-making processes and investee management.

By endorsing these principles known as the UN PRI, apart from building ESG standards into its decision-making ICF Capital also pledges to comply with the other five principles: be an active investor and incorporate ESG issues into shareholder policies and practices; seek appropriate disclosure on ESG policies by the businesses in which it invests; promote acceptance and implementation of the UN PRI in the investment industry; collaborate to enhance effectiveness in implementing the Principles; and report on activities and progress towards rolling them out.

The Principles for Responsible Investment is an international initiative set up by investors from around the world in partnership with the United Nations Environment Programme Finance Initiative (UNEP FI) and the United Nations Global Compact.

This move underscores ICF Capital’s commitment to driving, transforming and enhancing the social and environmental performance of the businesses in which it invests. “Joining this international initiative is in line with our strategy and our DNA anchored in ethical, transparent and responsible management,” says Joan Carles Rovira, ICF Capital’s General Director of Venture Capital and Capital Markets. “Signing up for the UN PRI is a further example of our eagerness to be an active player in fostering responsible finance.”

As part of this commitment, the venture capital operator reports annually on its responsible investment operations. It also works with external advisers to devise and continuously improve ESG strategies and policies.

This membership comes in addition to the ICF’s role as a signatory partner of the United Nations Global Compact, the world’s largest corporate social responsibility initiative that promotes the implementation of the Global Compact’s Ten Principles and helps towards achieving the Sustainable Development Goals (SDGs).

About the ICF

The Institut Català de Finances is Catalonia’s public financial institution. Its main mission is to foster funding for the business community in Catalonia in order to support the growth, innovation and sustainability of the Catalan economy. The ICF acts as a complement to the private sector by offering a wide range of financing solutions focusing on loans, guarantees and venture capital. Since 2014 it has been a member of the European Association of Public Banks (EAPB) which brings together most of the public banks and financial institutions operating in Europe.

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