Climb Ventures SA (“Climb”) advises funds managed by Climb Partners GP S.à r.l. (“Climb GP”) in Luxembourg.
Climb GP currently manages the following alternative investment funds:
Climb KB1 S.C.Sp.
Climb BM1 S.C.Sp.
Climb N4J S.C.Sp.
Climb SD1 S.C.Sp.
Climb TL1 S.C.Sp.
Climb EP1 S.C.Sp.
Climb AZ1 S.C.Sp.
Climb firmly believes that finance and ethics should never be in contrast. As a guiding principle, for every company we engage with, we ask ourselves the fundamental question of: Does this product or service provide a real positive impact for its customers, and is the world going to be a better place if this company succeeds? Therefore, when making investments, Climb considers the ethical, environmental, and societal (“ESG”) consequences of such investments.
ESG matters are recognised at an early stage in any potential investment opportunity and are addressed and monitored throughout the Partnership’s ownership of an investee company. Climb believe that thoughtful management of environmental, social, and governance matters is part of long-term success in investment activities and business. Climb is committed to investing responsibly by integrating material ESG considerations into Climb’s investment processes.
Climb adopts an active policy of integrating sustainability risks into investment decision-making processes. In particular, Climb GP adopts a multi-factor approach to ESG analysis in its investment process, providing for the exclusion of controversial sectors or geographical areas (so-called negative screening), the exclusion of businesses in contrast with national and international regulations (so-called norm-based screening) and the selection of investment opportunities through the integration of ESG factors (so-called positive screening).
Still, in its investment process Climb GP currently abstains from applying the requirements imposed by the Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability related disclosures in the financial services sector (the “SFDR”) on sustainable investments and thus none of its funds qualifies as a fund considering sustainability requirements in the sense of the SFDR. Climb GP continuously reviews the legal and regulatory developments in this area and may decide in the future to align with the SFDR’s sustainability approach if this is in the interest of the investors and/or the funds.