No consideration of adverse impacts of investment decisions on sustainability factors

Magnify Capital Partners – Sociedade de Capital de Risco, S.A.

Published on: 4 April 2023

Last updated on: 5 July 2024

Under 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 (SFDR) and Delegated Regulation (EU) 2022/1288 of 6 April 2022 supplementing SFDR, Magnify Capital Partners – Sociedade de Capital de Risco, S.A. (MAGNIFY) is required to disclose information regarding the consideration (or not) of adverse impacts of its investment decisions on sustainability factors.

Currently, MAGNIFY does not consider any adverse impacts of its investment decisions on sustainability factors.

For this purpose, according to the SFDR, sustainability factors correspond to environmental, social and employee matters, respect for human rights, anti‐corruption and anti‐bribery matters.

Without prejudice to the above, MAGNIFY may, on certain specific cases, consider such impact in the management of some undertakings for collective investment, in which cases, such compliance is clearly stated as legally required in the relevant undertakings for collective investment’s incorporation documents.

MAGNIFY is fully committed to promote sustainability factors and to progressively include them in its decision making process. In this context, MAGNIFY carefully analyzed the regime regarding the consideration of the principal adverse impacts of its investment decisions on sustainability factors. Upon such analysis, MAGNIFY came to the following conclusions, which are the main reasons for not considering, at this point, the adverse impacts of its investment decisions on sustainability factors:

• Currently MAGNIFY’s manages assets in real estate, retail and education sectors. Considering the nature of such sectors, as well as the size and type of companies in which MAGNIFY usually invests, significant adverse impacts on the sustainability factors are not expected.
• Additionally, information on the sustainability factors is not available with sufficient quality and detail to enable MAGNIFY to conduct a proper analysis with a cost and use of resources proportional to its activity and size.

As this is a constantly evolving matter, MAGNIFY is committed to continuously improve its decision-making process, notably by annually review its positioning on sustainability matters. At this point, there is no foreseeable date for the above mentioned analysis and conclusions to change.