Pareto Alternative Investments (PAI) recognizes the need integrate sustainability in its business and investment activities. Firstly, we have a responsibility towards society to combat climate change and to promote sound social and governance standards. Secondly, we have a responsibility towards our investors to factor sustainability risks and opportunities into our investments to generate competitive returns from our investment portfolios.
PAI adheres to the UN Global Compact and is a signatory to the United Nations principles for responsible investments (UNPRI). We are also a member of NORSIF and support the Task Force for Climate Related Disclosures (TCFD). PAI adheres to Regulation (EU) 2019/2088 on Sustainability Related Disclosures in the Financial Services Sector (SFDR) and provides product related disclosures pursuant to the SFDR.
Our activities are governed by our Policy for Responsible Investments. Moreover, we have internal regulations regarding the implementation of ESG factors in our investment processes, remuneration policy, training policy, as well as instructions for its Board of Directors and the management regarding ESG matters.
No consideration of adverse impacts of investment decisions on sustainability factors
PAI does not consider principal adverse impacts of its investment decisions on sustainability factors. PAI has taken this position mainly due to commercial considerations. None of the mandates currently managed by PAI take into account the EU criteria for environmentally sustainable economic activities. PAI’s current policies and procedures, which are tailored to the asset classes pursued by funds managed by PAI, are appropriate and sufficient to PAI’s current investment strategy. PAI will regularly review this position and assess whether principal adverse impacts should be considered in the future, also taking into consideration potential new future mandates.
Remuneration policies
PAI pays its employees a combination of fixed remuneration (salary and benefits) and variable remuneration (including bonus). Variable remuneration is assessed based on a combination of financial and non-financial performance. The assessment is discretionary. A part of the non-financial performance assessment is compliance with PAI’s policies and procedures, which includes policies and procedures on integration of sustainability risk in investment decisions.
If you want to know more about how PAI integrates sustainability and ESG related risks and opportunities in our activities, you can read our white-paper on how we seek to future-proof our investments and check out our Responsible Investment Policy below.
