Sustainability

"We are investors with positive impact, transforming portfolio companies into sustainability category leaders.”

At Abac, we contribute to the European sustainability transition by investing and leading impactful change at mid-market companies.

Our Theory of Change aims to address the sustainability gap small and medium-sized businesses are experiencing with regards to knowledge, resources, and adoption of sustainability standards.

Abac’s active ownership strategy implemented through control positions is a key lever to ensure the improvement of sustainability performance across the portfolio.

Active Ownership to Drive Impact

We focus on material issues and set targets to drive measurable impact:

Measurable impact

Fund level Targets

  • Climate
  • Good Employment
  • Diversity
  • Governance

Company Specific Targets

Based on materiality and aligned with purpose and SDGs

Building communities committed to sustainability

  • Sustainability Champion spearheading a cross-functional Sustainability Committee at each portfolio company

Aligning with the Global Agenda

2030 Agenda

  • UN Global Compact Signatories and alignment with SDGs

B Corp

  • B Corp certification at Abac
  • BIA implementation at the portfolio

Integrating sustainability across the investment process

Our Guiding Principles

Download Abac Capital’s Responsible Investment Policy >

Purpose and Transparency

Certified B Corporation

In February 2021, Abac certified as a B Corporation. B Corps are organisations that meet the highest verified standards of social and environmental performance, transparency, and accountability. We are proud to be part of a community envisioning a global economy that uses business as a force for good.

We implement the B Impact Assessment tool at the underlying portfolio to help companies improve their impact targets and advance towards certification.

See our Motocard – Bcorp Case study

UN Principles for Responsible Investment (PRI)

Abac is a signatory of the United Nations Principles for Responsible Investment (PRI) and is committed to its six Principles. Since 2016, we annually report our responsible investment practices to the organisation and have obtained a maximum score of A+ in our 2020 Assessment.

For more information you can access our public Transparency Report here.

SFDR

We are an Art. 8 Fund under EU Sustainable Finance Disclosure Regulation.

We pursue the improvement of ESG performance in the portfolio during the investment period.

Global Sustainability Agenda

Climate

UN Global Compact

Abac and portfolio companies are signatory members of the United Nations Global Compact Initiative and are committed to its ten principles. In July 2021, Abac was appointed Silver Signatory member in recognition of our effort to onboard portfolio companies to the initiative.

Sustainable Development Goals (SDGs)

During the investment period we focus on understanding how our investments impact and contribute to the United Nations Sustainable Development Goals.

Although we consider all Sustainable Development Goals through our investment decisions, at Abac we strive to focus our sustainability efforts on impacting the following topics across all our portfolio companies.

Task Force Climate Related Financial Disclosures

Since March 2020, we are supporters of the Task Force on Climate-related Financial Disclosures which was established by the Financial Stability Board to improve disclosure on climate-related risks and opportunities.

Climate

Task Force Climate Related Financial Disclosures

Supporter since March 2020, we are supporters of the Task Force on Climate-related Financial Disclosures which was established by the Financial Stability Board to improve disclosure on climate-related risks and opportunities.

In our DNA since inception

Abac’s Sustainability Journey

2015

  • Abac became a Signatory of the UN Principles for Responsible Investment (PRI)

2016

  • Abac’s ESG Reporting System rolled out
  • Obtained UN PRI scores of “A” in all modules assessed

sustainability report >

2017

  • Published first Annual Sustainability Report
  • Appointed Sustainability Champions at each portfolio company
  • Obtained UN PRI scores of “A” in all modules assessed

sustainability report >

2020

  • Became Supporter of the Task Force on Climate-related Financial Disclosures 
  • Abac was awarded with UN Global Compact Bronze status after 71% of portfolio companies became Signatories of UN Global Compact
  • Obtained UN PRI score of “A+” in all applicable modules

sustainability report >

2019

  • Abac published its Responsible Investment Policy
  • Became a Signatory of UN Global Compact
  • Obtained UN PRI score of “A+” in the “Private Equity Module”

sustainability report >

2018

  • ESG Prize awarded by the Spanish Private Equity and Venture Capital Association (SpainCap) to Abac Capital and the portfolio company Figueras   
  • Obtained UN PRI score of “A” in all modules assessed 

sustainability report >

2021

  • Abac achieved B Corp Certification
  • Abac was awarded with UN Global Compact Silver status after 100% of portfolio companies became Signatories of the UN GlobalCompact

sustainability report >

2022

  • First two portfolio companies achieved B Corp certification
  • Abac defined its Theory of Change to guide portfolio impact and began tracking impact targets
  • Fund II completed the 1st impact investment in BTSA

sustainability report >

2023

  • Closed an Art.8 PE Fund and established our first VC Art.8 vehicle
  • Achieved a top-tier UNPRI performance with an 80% and 98% score in the “Policy Governance and Strategy” and “Private Equity” modules
  • Implemented a sustainability reporting software to ensure transparency and data traceability
  • Fourth portfolio company achieved B Corp Certification

sustainability report >

Abac Citizenship Committed to improving equity in Education

We support students at risk throughout the education cycle to improve equity in education
Compulsory education: Students from complex socio-economic backgrounds are at higher risk of academic failure. Together with Empieza por Educar we seek to improve the academic performance of this students.

Transition to higher education: School drop-out rates in Spain are among the highest in the European Union reaching 16% vs. a 10% avg rate in the EU. Together with XXX we mentor students to encourage them to continue their studies.

Access to the labour market: Youth unemployment in Spain is among the highest in the European Union standing c.30% among individuals under 25 years old. Together with Fundació Aura and XXX we mentor young individuals at risk to help them successfully access the labour market.

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Please submit the form to open the 2016 sustainable report. Thank you



    X

    Please submit the form to open the 2017 sustainable report. Thank you



      X

      Please submit the form to open the 2018 sustainable report. Thank you



        X

        Please submit the form to open the 2019 sustainable report. Thank you



          X

          Please submit the form to open the 2020 sustainable report. Thank you



            X

            Please submit the form to open the 2021 sustainable report. Thank you



              X

              Please submit the form to open the 2022 sustainable report. Thank you



                X

                Please submit the form to open the 2023 sustainable report. Thank you



                  Abac Citizenship Initiatives

                  At Abac, we believe that it is important to lead by example. We consider our citizenship initiatives an integral part of who we are as a team, and we take pride in our extensive commitment to community service and support of non-profit organisations. We strive to support our community by devoting our time, knowledge, and financial resources to them.

                  Abac Capital has committed to donating 1% of its annual profit to a selected group of non-profit organisations aligned with our citizenship framework or sponsored by our employees. Abac has donated over €200k since its inception.

                  Our citizenship initiatives include:

                  Abac supports Ukraine

                  In response to the tragic situation in Ukraine, Abac Capital has supported various relief organizations through a special employee donation matching program. We are proud to see the response of our employees, friends and family with over €15,000 donated to:

                  Consideration of Sustainability Adverse Impacts

                  At Abac, we acknowledge that sustainability factors are likely to influence the financial performance of our portfolio and have external impacts on our surrounding communities. We, therefore, strive to improve the sustainability performance of our portfolio through active ownership and drive long-term value creation.

                  Our investment policies and processes are designed to integrate sustainability risks as well as identify and prioritise principal adverse impacts on sustainability factors throughout the investment cycle based on the analysis of a wide set of KPIs.

                  ESG KPIs monitor, among others, the following characteristics of the potential investment: Energy consumption and emissions, water consumption, fossil fuel consumption, packaging and waste management, supply chain ESG management, social and employee matters, and the implementation of governance policies.

                  Further information in our Sustainability Related Disclosures.