Suma Capital has obtained the highest A+ rating awarded by the United Nations Principles for Responsible Investment (PRI). The company received this certification for the development of its global strategy and good governance as a Responsible Investor.
In 2019 Suma Capital has obtained a higher than average score in its sector and achieved the highest possible rating, improving on its previous valuation and exceeding the reference level in all areas taken into account in the PRI, to which in 2013 the entity became a pioneering signatory in the Spanish market. Suma obtained a score of 30/30 in the valuation of Strategy and Governance, and of 29/30 in reference to its Private Equity section, which includes the development of responsible investment during fundraising, as well as in pre and post investment processes.
The PRI annual report is a voluntary initiative, backed by the United Nations, to promote 6 Principles for Responsible Investment in the activities of investment companies, with the objective of incorporating Environmental, Social, and Governance (ESG) criteria in all their investment practices. The PRI have been developed so that their implementation contributes to the construction of a more sustainable global financial system.
Responsible investment is an asset management approach that includes environmental, social and governance (ESG) factors both in investment decisions and in the role of asset management companies as owners or co-owners of invested companies. Its objective, complementing traditional financial analysis and the classic techniques of portfolio construction, seeks at all times to reflect the firm’s own values as a Responsible Investor.
Enrique Tombas, founding partner and president of Suma Capital, appreciated the recognition, calling it “the consolidation of a decisive commitment to put environmental, social and good governance criteria, as well as transparency in management, at the heart of our work”. He went on to assert that it is “the role not only of the firm but also of its investors as ‘change makers’, with the opportunity and responsibility to invest in growing companies and sustainable assets, which contribute to the favourable transformation of society”.
Last July Suma Capital was also granted an award for the Best National ESG Initiative at the Venture Capital and Private Equity Awards 2019, by the Spanish Association of Capital, Growth and Investment (ASCRI).