Wellstreet considers the impact that its portfolio companies have on environmental, social and governance factors. A particular focus is made on such factors where Wellstreet believes that we can make the biggest positive change as investor and shareholder. Wellstreet invests in companies that have a net positive impact in environmental, social and corporate governance aspects through-out their value-chain, by doing this we drive development step by step in the right direction.
Potential sustainability risks and potential positive and negative impact on sustainability factors are screened as a part of the initial due diligence before investing in a portfolio company. Sustainability risks and sustainability factors are also monitored during the investment period together with other material risks and aspects in order to assess risks and possibilities and incorporate necessary actions. This is done by continuously collecting data from portfolio companies and when necessary hold workshops with portfolio companies to increase awareness.
Wellstreet will at all times act as a responsible owner. Wellstreet considers the due diligence guidance for responsible business conduct developed by the Organisation for Economic Co‐operation and Development (OECD) and the United Nations‐supported Principles for Responsible Investment. Wellstreet will act in a manner to influence the portfolio companies in material aspects relating to sustainability through the board of directors and/or through the shareholders’ meeting. Wellstreet is of the firm opinion that a focus on sustainability is the best way to increase resilience in any business and thereby the best way to generate a high profit to investors.