Our commitment to achieving high performance and excellence is inherently linked to global economic and corporate best practices. Within this framework, the integration of Environmental, Social, and Governance (ESG) principles into our operations has been a natural progression in our approach to conducting business.
Since 2021, we have established and organized the governance of our ESG strategy through our Sustainability and ESG committee. This committee directly reports to the Executive Committee and oversees the implementation of SPX Capital’s ESG practices, guidelines, and governance. Additionally, we have appointed an ESG Director responsible for deliberating on matters related to SPX Capital’s ESG practices, including methodologies integrated into the investment process of our Funds and firm-level operations.
The ESG Committee, comprised of the ESG Director, partners, and members from diverse areas, holds responsibility for driving the overall ESG agenda.
This ongoing process involves continual improvements in our corporate practices. We have developed policies, tools, and team structures to seamlessly integrate ESG principles from two complementary perspectives: ESG Integration and Internal ESG Practices.
In 2021, we unveiled our ESG Integration Policy, applying it to all Credit and Equity strategies in Brazil. Concurrently, we developed a customized ESG analysis framework drawing from sector-specific materiality outlined by the Sustainability Accounting Standards Board (SASB), a standard employed by asset managers across our strategies in Brazil.
Commencing with the formulation of our strategy in Private Equity and Real Estate in 2023, we expanded our toolkit and policies. This extension broadened our ESG integration practices to encompass these asset classes, further embedding ESG considerations into diverse strategies.
Our approach involves the assessment of 14 prioritized ESG themes within our rating model, as outlined below. The weighting of each score varies based on the industry and asset class under evaluation. This evaluation encompasses the examination of company or asset practices, policies, goals, results, and the presence of any controversies.
The PRI is a global organization established by the United Nations to guide and advocate investors in incorporating environmental, social, and governance (ESG) considerations into their investment decisions and to practice active ownership, encouraging investors to engage with companies to implement best practices.
By adopting these principles, investors can contribute to the construction of a more sustainable and responsible economy.
SPX Capital has been a signatory of the Principles for Responsible Investment – PRI since January 2022.
The Instituto Phi is a Brazilian nonprofit organization founded in 2014. The institution’s objective is to encourage and to monitor social projects for different institutions and to connect donors with social projects in need of financial support. Since its foundation, it has supported 1600 institutions and close to 2.5 million people. SPX Capital has been a partner of the Instituto Phi since 2014.
A partner of SPX Capital since 2021, Instituto Órizon offers financial and management support to other social and philanthropic institutions in Brazil. Through partnership with technical and institutional supporters, the institution focuses on venture philanthropy methodology and focuses on educational transformation to low-income families.
Instituto Ambikira is a nonprofit organization created by financial market institutions that carries out social investments, primarily in education and social assistance. Founded in 2003, the Institute selects and supports high-impact social projects that benefit children, youth, and families in situations of social vulnerability. Over 20 years, it has invested more than R$ 90 million, impacting over 700,000 lives and 200 social organizations. SPX Capital has been a partner of Instituto Ambikira since 2022
The carbon footprint is a measurement of greenhouse gases (GHGs), primarily CO2, emitted by individuals, organizations, or products. This metric encompasses all sources of GHG emissions, including transportation, commuting, electricity usage, heating, waste, and various other factors.
Since 2022, SPX Capital has been measuring and offsetting 100% of its carbon footprint, spanning scopes 1, 2, and 3. This proactive approach plays a crucial role in mitigating the adverse effects of climate change.