Sustainability-related disclosures

SFDR

Mandatory disclosures under Regulation of the European Parliament and of the Council on sustainability-related disclosures in the financial services sector (EU) 2019/2088 (“SFDR”)

Last updated — November 2024

Version 1

Financial market participant: Feminvest Ventures AB

Sustainability risks

Feminvest Ventures AB ("Feminvest", “AIFM”) integrates sustainability risks into its investment decision-making process and the impact of these on funds managed. These risks are environmental, social, or governance (ESG) conditions or events that could adversely affect the value of an investment, either materially or potentially. Sustainability risks are evaluated during the initial screening and due diligence phase before any investment in a company. This assessment is conducted through an informal process tailored to the specific circumstances of each case. Feminvest uses a list of reference criteria to conduct this assessment. The findings of this evaluation are incorporated into the investment decision-making process. Feminvest adheres to the principle of proportionality, considering both the strategic importance of the investment and the transactional context. Feminvest reserves the right to refrain from making an investment if sustainability risks are deemed unacceptable. However, should the decision to proceed with the investment be made despite identified risks, Feminvest will inform the entrepreneur or startup of identified sustainability risks and work collaboratively with the team to assess potential solutions to mitigate these issues. Ongoing monitoring of sustainability risks, alongside other material risks, takes place throughout the investment period.

Renumeration disclosures

Feminvest has a remuneration policy that promotes sound risk management, including sustainability risks, as part of the overall risk assessment. Key principles include:

• Remuneration practices align with the fund's investment strategy, risk tolerance, and long-term objectives, ensuring sustainability risks are managed effectively.

• Remuneration does not encourage excessive risk-taking, particularly regarding sustainability risks.

• Performance evaluations for variable remuneration consider both current and future risks, including sustainability.

• The policy addresses conflicts of interest related to sustainability risks, safeguarding against greenwashing or misrepresentation.

This ensures alignment with Feminvest’s commitment to sustainability and responsible investment.

No consideration of adverse impacts of investment decisions on sustainability factors

Feminvest does not consider any principal adverse impacts (PAI) of its investment decisions on sustainability factors and, hence, does not use the indicators listed in Annex I of the Regulatory Technical Standards (Delegated Regulation (EU) 2022/1288, “RTS”) to identify and assess potential adverse impacts. Given that Feminvest primarily invests in early-stage startups with a focus on diversity, equity, and inclusion, as well as technology and retail-driven businesses, adverse sustainability impacts are rarely encountered. Feminvest does not currently have an official strategy in place to continuously monitor and address PAIs, but the Fund takes a proactive approach in addressing sustainability risks during the due diligence phase and works with entrepreneurs to mitigate any identified issues.

Sustainability-related disclosures

Product-level Disclosures

Feminvest Fund I AB

Feminvest Fund I AB (the “Fund” / der “Fonds”) is a venture capital fund promoting, among other characteristics, environmental or social characteristics, and following good governance practices as defined under Article 8 of the SFDR.

1. Summary

Although Feminvest considers environmental and/or social characteristics as part of its investment decision, and sustainable startups may be invested in, the Fund does not seek to make sustainable investments as defined by Article 9, SFDR. The consideration of environmental and/or social characteristics is carried out both before and after an investment. For this purpose, information is initially and regularly obtained from the portfolio companies. The Fund incorporates inclusion (positive screening) as well as exclusion (negative screening) aspects during the decision-making process. Thereby the Fund considers several ESG themes to be the key to responsible investing. The actions and decisions described in the following section are each made by the AIFM for and on behalf of the Fund.

Sammanfattning

Även om Feminvest betraktar miljömässiga och/eller sociala egenskaper som en del av sitt investeringsbeslut, och hållbara startups kan investeras i, strävar fonden inte efter att göra hållbara investeringar enligt definitionen i artikel 9, SFDR. Hänsynen till miljömässiga och/eller sociala egenskaper görs både före och efter en investering. För detta ändamål inhämtas initialt och regelbundet information från portföljbolagen. Fonden införlivar aspekter av inkludering (positiv screening) och exkludering (negativ screening) under beslutsprocessen. Fonden anser därför att flera ESG-teman är nyckeln till ansvarsfulla investeringar. Åtgärderna och besluten som beskrivs i följande avsnitt fattas var och en av AIF-förvaltaren för och på uppdrag av fonden.

Sammendrag

Selv om Feminvest vurderer miljømessige og/eller sosiale egenskaper som en del av investeringsbeslutningen, og bærekraftige oppstartsbedrifter kan investeres i, søker ikke fondet å foreta bærekraftige investeringer som definert i artikkel 9, SFDR. Hensynet til miljømessige og/eller sosiale egenskaper gjennomføres både før og etter en investering. Til dette formålet innhentes informasjon initialt og regelmessig fra porteføljeselskapene. Fondet inkorporerer inkludering (positiv screening) så vel som eksklusjon (negativ screening) aspekter under beslutningsprosessen. Fondet anser derfor flere ESG-temaer som nøkkelen til ansvarlig investering. Handlingene og avgjørelsene beskrevet i den følgende delen er hver foretatt av AIFM for og på vegne av fondet.

2. No sustainable investment objective

This financial product promotes environmental or social characteristics but does not have as its objective sustainable investment.

3. Environmental or social characteristics of the financial product

The Fund promotes environmental and/or social characteristics by implementing certain investment exclusions during the decision-making process, through a dedicated ESG checklist. Furthermore, whilst identifying suitable investment opportunities, the Fund takes into consideration certain ESG criteria such as the Guideline on EIF’s criteria for Climate Action and Environmental Sustainability (CA&ES) and the UN Sustainable Development Goals (SDGs); as well as diversity targets during the decision-making process along the Principles for Responsible Investment (PRI).

4. Investment strategy

The purpose of the Fund is to build, hold and manage (including to divest) a portfolio of equity and equity-related investments in portfolio companies. It will target scalable investments in the retail and technology segment with focus on innovation. The Fund intends to make its initial investments in the early stage, i.e., Pre Seed to Series A stages. As part of the investment strategy, the Fund also implements investment exclusions and has defined certain ESG criteria to be considered in the investment decision-making process, both laid down in the Fund’s Subscription Document. The Fund is bound by the investment restrictions and limitations and shall procure that such requirements, restrictions and limitations are complied with at all times. It will screen each investment opportunity against its investment exclusions and no investments will be made in the area of such exclusions. Furthermore, the Fund has bindingly set the following ESG criteria:

• The Fund is primarily targeting diversity, equity, and inclusion (DEI) within its investment portfolio. DEI indicator for investment eligibility isdiversity, promoting equitable wealth distribution by accelerating female ownership.Equity is about fairness; therefore, the Fund invests in companies with captables showing at least fifty percent female ownership (Sw.verklig huvudman) structures. Thus, the Fund actively promotesinclusive cultures by prioritizing gender diversity in ownership.

• During the term of the Fund, the fifty percent target for equal ownership may be subject to adjustment; however, at the time of the initial investment, the company must have at least fifty percent female ownership.

• Good governance practices are assessed through an informal process as appropriate in light of the circumstances of each individual case. Such practices include, in particular, sound management structures, employee relations, remuneration of staff and tax compliance within the portfolio companies. Moreover, the Fund will conduct regular monitoring of the good governance practices in its portfolio companies during the holding period. If the Fund becomes aware of severe governance issues, it will investigate them and work with all parties involved to find an appropriate solution.

5. Proportion of investments

   The Fund is structured to maximize returns while prioritizing investments with strong environmental, social, and governance (ESG) characteristics, particularly in terms of diversity, equity, and inclusion (DEI). the fund does not intend for its investments to be aligned with the EU Taxonomy. There is no commitment to a minimum share of sustainable investments aligned with the EU Taxonomy.

6. Monitoring of environmental or social characteristics

   The Fund has an increased awareness on the impact of environmental or social characteristics on risk management and thus on the value potential of investments. In order to monitor the environmental or social characteristics promoted by the Fund (i.e., its investment exclusions and ESG criteria), the Fund consults with the portfolio companies in regular intervals and will carry out further checks in order to identify potential issues with such characteristics. This may include monthly check-ins, hands-on growth support, and facilitating a collaborative exchange of best practices via Femininvest platforms like EXPAND. Therefore, the Fund monitors compliance with its environmental or social characteristics (i.e., its investment exclusions and ESG criteria) on an ongoing basis. External monitoring mechanisms are not in place.

7. Methodologies for environmental or social characteristics

   The Fund applies qualitative and quantitative assessments with regard to its environmental or social characteristics (i.e., its investment exclusions and ESG criteria). It does this at the (i) screening of potential investments, (ii) the due diligence process and at the (iii) post-investment portfolio management.

8. Data sources and processing

   In order to attain each of the environmental or social characteristics promoted by the Fund (i.e., its investment exclusions and ESG criteria), a ESG checklist is completed prior the investment, which informs a strategic plan monitored through ongoing dialogue, KPI tracking, and mandatory reporting. Hence, data is obtained only from the (potential) portfolio companies.

9. Limitations to methodologies and data

   The information collected from the (potential) portfolio companies via the ESG checklist as part of the due diligence through the informal process carried out by the Fund cannot rule out completely that false information may remain undetected in certain cases. As the Fund’s investments are made for several years, the Fund considers it a priority to establish and maintain a trustful working relationship with its portfolio companies in order to ensure compliance with the environmental or social characteristics promoted by the Fund (i.e., its investment exclusions and ESG criteria). Further limitations, in particular with regard to the accuracy of the data and reliability of the data sources used, are not apparent at this time.

10. Due diligence

    An initial assessment of how an investment relates to the environmental or social characteristics promoted by the Fund (i.e., its investment exclusions and ESG criteria) is carried out as part of the due diligence process using the ESG checklist through the informal process and taking into account the inherent ESG risk of the portfolio company. An enhanced analysis is carried out where required, depending on the (potential) portfolio company’s risk profile and its stage. As a rule, at least qualitative statements of an environmental or social nature or relating to corporate governance are requested from the portfolio companies and then taken into account in the investment decision-making process. An internal or external review or verification of the information obtained will be carried out if misrepresentations are suspected.

11. Engagement policies

    Engagement forms part of the environmental or social investment strategy of the Fund. The Fund intends to engage in managing ESG across its portfolio companies, e.g., through an ESG onboarding process followed by regular, customized conversations around material ESG topics.

12. Designated reference benchmark

    No index has been designated as a reference benchmark to meet the environmental or social characteristics promoted by the Fund.