ESG
ESG at the core of
AltamarCAM's activity
At AltamarCAM, our investment philosophy is firmly rooted in ESG values, embedding sustainability at the core of our corporate and investment decisions. We strive to create long-term sustainable value for our investors while navigating the current and future challenges in today’s ever-changing environment.
Given the rapid evolution of the financial industry, the implementation of new demanding regulations, and the shifting needs of investors, it is imperative for us to adapt and remain observant. We have adopted a responsive approach, fostering collaboration with entities driving sustainable change, in our effort to reshape the investment mindset.
To tackle these challenges, AltamarCAM’s strategic objectives are set out in a middle term ESG Strategy approved by the Board of Directors. This strategy comprises eight action lines that address corporate, investment, and regulatory dimensions, aligning with the firm’s vision to become a recognized driver of sustainable growth in the Private Markets industry.
Integrating ESG Values and Sustainability
“Our commitment to sustainable development compels us to collaborate with the industry to transform the investment landscape. To realise our objectives, we must not only adapt to industry changes but also remain agile in the face of evolving regulatory requirements and market dynamics.
Leveraging advanced technologies is essential in making our ESG processes more efficient. These technologies enable us to not only monitor the evolution of our KPIs, but also to perform complex analyses, and deliver timely and high-quality insights to investors. Ensuring scalability in the way we work is crucial, positioning us as a forward-thinking leader in responsible investment, and allowing us to move forward in tandem with market evolution.”
Miguel Zurita, Managing Partner Co-Chair & Co-Head Private Equity & Chair of the ESG Committee
ESG Organization and Governance
Our solid ESG governance model permeates every area of the firm, drawing on the valuable insights of top management who play a pivotal role in shaping our ESG strategy. This ensures alignment between the objectives of investors and regulators with the firm’s vision. Our ESG management structure is composed of the following: an ESG Committee, the ESG Team, and the ESG Steering Group, all supported by our Investment Teams and ad hoc ESG task force teams. Additionally, the Board of Directors is directly involved in the accountability and oversight of the ESG strategy implementation.
The Paris Agreement and the EU Green Deal guidelines lay the foundations of our Climate Action plan to fight against Climate Change and become carbon neutral. As part of the risk management, a climate-related analysis at the portfolio level is integrated into the due diligence and holding period stages, providing insights into the exposure of the underlying investments to climate risks and opportunities. 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 support and membership in leading initiatives such as the TCFD, iCI, and our endorsement of UN PRI’s “Spring” initiative.
We believe in the value of people. Integrity, respect for human rights, and diversity are deeply embedded in our corporate culture. We conceive talent management through professional development recognizing the importance of regular training. We uphold these commitments through our Diversity, Equity, and Inclusion Policy. Additionally, the company is an active member of Level20 Spain and endorser of UN PRI’s ‘Advance’ initiative.
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. Also, we contribute to a better society through the projects developed by the AltamarCAM Foundation.
As part of our mission to become a trusted investment advisor for our clients and seeking to elevate ESG awareness across the private markets, transparent communication of performance is essential. Our ESG data model leverages technology to drive efficiency in data management activities and daily processes. The digitalization of ESG data collected through our ESG DDQ, using advanced technologies like Artificial Intelligence, serves as the cornerstone of our analytical and reporting capabilities. This enables the identification of risks and opportunities, the assessment of material ESG aspects, and allows us to efficiently address growing investor requests by providing deeper insights and ensuring compliance with regulatory reporting requirements.
External Commitment and Transparency
AltamarCAM became a signatory of the United Nations Principles for Responsible Investment (UN PRI) guidelines in 2016.
AltamarCAM has achieved the highest 5-star rating in the 2024 Principles for Responsible Investment (PRI) assessment across all relevant categories. This recognition reflects the firm’s commitment to sustainability and transparency, reinforcing its role as a trusted advisor to its clients and a responsible participant in the global market. It also highlights the impact of its ESG policies, driving innovation and the establishment of new standards in these practices.
Sustainable Investment as a Driver of Positive Change in the Industry and Society
Sustainability is woven into every stage of our investment cycle
We ensure that ESG analyses are considered in every Due Diligence process of investments managed by AltamarCAM, across all asset classes, and we strive to promote awareness of ESG issues through engagement with General Partners (GPs) and Limited Partners (LPs).
Screening
Investment opportunities are screened against our exclusion policy including 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 through the ESG Due Diligence Questionnaire (ESG DDQ) to assess and evaluate their commitment to ESG, assigning a score and category based on our internally developed ESG scoring model
Formalization
Review and incorporation of ESG aspects in legal documents and Side Letters conducted with the approval of the Investment Committee and the active involvement of the ESG team in discussions
Holding Period
Regular monitoring of the GPs’ ESG performance through the periodic update of the ESG DDQ, and the portfolio-level analysis model, controlling the evolution of the ESG DDQ results and portfolio exposure to material ESG risks over time
Exit
Comprehensive assessment of the ESG performance of the fund until exit, including additional analyses 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 across all asset classes (Private Equity, Real State, Infrastructure, Credit, Venture Capital); figures calculated over 96% DDQ responses received as of December 2024
Industry Recognition & Awards
AltamarCAM Partners won the Real Deals ESG Awards in 2023 and was short listed in 2024
ESG Reports & Policies
For additional information regarding ESG at AltamarCAM please contact: esgteam@altamarcam.com
