Responsible Investment

Explorer Investments aims to be at the forefront of international best practices and to translate this action into the creation of value for the investors in its funds, for the communities covered and for a sustainable future, through the development of the companies in its portfolio and with the consequent impact on the environment and society.

Explorer Investments donates, annually, 10% of its profits to support education programs, which will always be based on merit and excellence.

Integrity

We conduct our activities based on the highest ethical standards with all stakeholders.

Return to Investors
Impact on the portfolio companies
Excellence and Meritocracy
Team Spirit
Independence and Resilience
Social Conscience

ESG

Environmental, Social, Governance

Explorer Investments has been a signatory to the UN Principles for Responsible Investment (UN PRI) since 2018 and also sees the Paris Agreement as a key instrument for the sustainability of the financial system in the coming decades.

Environment

(i) Energy and productive efficiency; (ii) Reduction of plastic, water and paper consumption; and (iii) Reduction of environmental pollution.

Social

(i) Creating a healthy work environment; (ii) Continuous improvement of employees and (iii) Social Awareness.

Social Governance

(i) The ethics of the portfolio companies; (ii) Are supported by a Board of Directors with the proper competences and (iii) Are grounded on a robust internal control.

Our vision is to focus on the above ESG criteria.

Sustainable Development Goals

The previous referred ESG criteria are intended to contribute to the following Sustainable Devolution Goals:

Decent work and economic growth

Decent work and economic growth

Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all.

Industry, innovation and infrastructure

Industry, innovation and infrastructure

Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation.

Responsible consumption and production

Responsible consumption and production

Ensure sustainable consumption and production patterns.

Explorer Investments is a venture capital company that manages venture capital funds in accordance with Portuguese law. In that capacity it is an alternative investment fund manager ("AIFM"), subject to Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on disclosure of information relating to sustainability in the financial services sector (Sustainable Finance Disclosure Regulation - "SFDR").

Explorer Investments is not covered by the criteria in Article 4(3) and (4) of the SFDR defining larger institutions. At present Explorer Investments does not market or manage funds that promote, among others, environmental or social features or a combination of these features (set out in Article 8 of the SFDR) or that aim at sustainable investments (set out in Article 9 of the SFDR). In line with the above, the underlying investments of said funds do not consider the EU criteria applicable to environmentally sustainable economic activities.

Explorer Investments must, at all times, comply with the investment policies set out in the management regulations of the funds it manages and which, at this time, do not provide for characteristics or objectives such as those referred to in the preceding paragraph, even though this type of result may be collaterally achieved. Accordingly, its decision-making process in force does not include a specific consideration of sustainability risks, without prejudice to the fact that these may be weighed together with other types of risks that may affect a given investment, as is required of any judicious and diligent management entity, in line with its fiduciary duty. For the same reason, the negative impacts of investment decisions on sustainability factors are also not specifically considered, even though they may be an auxiliary weighting in certain decision-making processes.

In view of the above, the remuneration policy in force also does not, currently, consider the integration of sustainability risks, although this is an aspect that may be adjusted in the future. This is a matter under continuous review, so its policies, procedures and the information made available here will be updated whenever appropriate.

In fact, Explorer Investments is fully aware of the importance of sustainable practices within the financial system and of its responsibility as a fund manager to influence the entities in its portfolio to introduce sustainability principles into their management. In this way, paying attention to the interests of investors and other stakeholders, Explorer Investments incorporates in its activity a set of values and principles of responsible investment, and intends to progressively include environmental, social and corporate governance issues in the various decision-making processes throughout the life cycle of each investment.

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