Signature Ventures GmbH
Register Entry: Amtsgericht München - HRB 252602
VAT Number: DE328552279
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Statement on Sustainability Risks and Adverse Impacts
The following statement on Sustainability Risks and Adverse Impacts is the consolidated statement of Signature Ventures GmbH, LEI 391200GHW6P9GX8WYO87, and Signature Ventures Fund I GmbH & Co. KG, LEI 3912005174Z8NOSUXE77.
Signature Ventures considers sustainability risks as part of its diligent investment decision-making process. Sustainability risks are environmental, social or governance events or conditions, the occurrence of which could have an actual or potential material adverse effect on the value of the investment. Signature Ventures considers sustainability risks as part of the due diligence process prior to any investment and includes these results in its investment decision on a non-binding basis.
In addition, Signature Ventures monitors progress in addressing environmental, social or governance issues. Where potential for improvement is identified it is discussed between the Signature Ventures team and the portfolio company's management. If sustainability risks are unavoidable, they are mitigated and/or compensated. Signature Ventures applies the proportionality principle in dealing with sustainability risks. This means that the effort should always be proportionate to the size and type of investment as well as the transactional context and the related scope.
No Consideration of Sustainability Adverse Impacts
Signature Ventures does not consider adverse impacts of investment decisions on sustainability factors. Sustainability factors are environmental, social and employee concerns, respect for human rights and the fight against corruption and bribery. No sustainability indicators are currently used. The burden associated with considering adverse impacts on sustainability factors (particularly if sustainability indicators are used) is disproportionate in light of the very limited significance that such impacts could have in the context of Signature Ventures' investment strategy (i.e. investing in distributed ledger technology (DLT) and DLT related ventures and thereby software-focused projects that drive decentralization).
Furthermore, there remain legal uncertainties around the provisions of the Sustainable Finance Disclosure Regulation (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) and the Regulatory Technical Standards (Final Report on draft Regulatory Technical Standards). If and to the extent that these regulations evolve and the mentioned uncertainties are being resolved or a practicable market and administrative practice is established in this regard, Signature Ventures will reevaluate applying them in due course.