ESG
ESG at the core of
AltamarCAM's activity
We firmly believe that excellence in the performance of our business through active ESG policies is the best way to fulfil our commitment to investors and society.
This approach has been set out in a middle term ESG Strategy approved by the Board of Directors, which leverages technology and the different areas across the firm. The ESG Strategy is underpinned by four pillars covering from the ESG integration at the corporate level to the core investment activity of the group.
All of the above, allows us to improve the resilience of our business and the creation of long-term value for our investors, strengthening our role as a trusted advisor.
Integrating ESG Values and Sustainability
Our dedication to sustainable development drives us to collaborate with the industry to reshape the investment landscape. To achieve our goals, we must adapt to industry changes and align our strategies with modern sustainability needs. Advanced technologies like artificial intelligence enhance our due diligence in private markets, enabling deeper, more efficient analysis, uncovering hidden insights, and mitigating risks. This commitment positions us as a forward-thinking leader in responsible investment.
Miguel Zurita, Managing Partner Co-Chair & Co-Head Private Equity & Chair of the ESG Committee
ESG Organization and Governance
Our solid ESG governance model directly involves top management. Its structures, bodies and procedures enable the alignment of investors’ and regulators’ objectives with the firm’s strategy. The following levels comprise the ESG management structure: ESG Committee, ESG Team, and ESG Steering Group, all supported by ad hoc ESG task force teams.
AltamarCAM is firmly committed to the Paris Agreement and the EU Green Deal in the fight against Climate Change and is taking the required steps to become carbon neutral. Accordingly, we calculate and offset the Carbon Footprint (scopes 1, 2 and reduced scope 3) on a yearly basis. This commitment is further affirmed through our public Climate Action Plan, as well as our support and membership in leading initiatives such as UN PRI’s “Spring,” TCFD, IIGCC, and iCI.
AltamarCAM follows best practices in human rights and talent management through professional development, training, and the incorporation of values such as respect, integrity, diversity, and transparency across all areas of the organization. The firm upholds these commitments through its Diversity, Equity, and Inclusion policy. Additionally, the company is an active member of Level20 Spain and UN PRI’s ‘Advance’.
Our strategy and policies are aligned with the 2030 Agenda and with the Sustainable Development Goals (SDGs). An action framework based on the SDG Compass methodology has been defined, identifying priority SDGs for AltamarCAM. Additionally we contribute to a better society by multiplying positive impact in all locations through Fundacion AltamarCAM.
External Commitment and Transparency
Altamar Capital Partners became a signatory of the United Nations Principles for Responsible Investment (UN PRI) guidelines in 2016. Likewise, CAM Alternatives became a signatory of these guidelines in 2019.
2023 has been the year in which, for the first time since the integration of Altamar and CAM, a single consolidated PRI (Principles for Responsible Investment) report has been issued, covering activities up to 2023 and yielding exceptional results. AltamarCAM has achieved the maximum 5-star rating in all reported categories.
Sustainable and responsible investment as a driver of positive change in the industry and society
Responsible investment in action: Integration of sustainability criteria throughout the investment cycle
We ensure that ESG criteria are taken into account in 100% of investments across all asset classes, and we strive to promote awareness of ESG issues through engagement with General Partners (GPs) and Limited Partners (LPs).
Screening
AltamarCAM has developed an exclusion policy that includes a list of restricted activities and sectors in which AltamarCAM does not wish to participate
Due Diligence
Engagement with underlying fund managers (GPs) and Funds ex-ante through the ESG DD Questionnaire to assess and evaluate the GP’s degree of commitment to SRI
Formalization
Review and incorporation of ESG aspects in legal documents and Side Letters, increasing the involvement of the ESG team in discussions
Holding Period
Regular monitoring of the GPs through the asset-specific ESG Due Diligence Questionnaire (DDQ), utilizing a partially bottom-up and partially top-down approach
Exit
Comprehensive assessment of the ESG performance of the fund until exit, including additional analysis or ad-hoc documents to meet investor requirements
ESG in numbers
Monitoring of AltamarCAM’s GPs’ Answers to the ESG DD Questionnaire
% In terms of aggregated AUMs of all asset classes; numbers as of June 2024
2023 & 2024 ESG Awards & Recognitions
For further Details Visit the Following URLs
For more information regarding ESG at AltamarCAM please contact: esgteam@altamarcam.com
