Sustainability risks-related website disclosures

In order to comply with the sustainable finance disclosure regulation (SFDR; Regulation (EU) 2019/2088) and the SFDR Delegated Regulation (Commission Delegated Regulation (EU) 2022/1288), Move Energy Fund Management B.V. (Move Energy) makes the following disclosures.

Integration of sustainability risks

A sustainability risk means “an environmental, social or governance event or condition that, if it occurs, could cause an actual or potential material negative impact on the value of the investment made by an alternative investment fund (AIF) managed by Move Energy”.

Before any investment decisions are made on behalf of an AIF that Move Energy manages, an investment decision process is followed and Move Energy aims to take into accountsustainability risks into the different stages of the investment decision-making process, including during the (i) first screening, (ii) due diligence process, and (iii) monitoring of the investments.

Part of the investment decisions process is that Move Energy aims to assess the risks attached to a potential investment opportunity, which includes sustainability risks. Identified sustainability risks are considered by Move Energy when making investment decisions. Sustainability risks could cover a broad range of issues, including (but not limited to):

  • Environmental factors: climate change vulnerability, carbon pricing, biodiversity, water, waste management, pollution, etc.
  • Social factors: compliance with recognized labour standards, compliance with employment safety and health protection, fair working conditions, diversity, and development opportunities, product safety and customer welfare, infectious diseases, etc.
  • Governance factors: risk and business continuity management, integrity and ethical behavior, information security and data protection, board composition and remuneration, regulatory and tax compliance, political instability, etc.

Remuneration and sustainability risks

Move Energy has defined principles relating to remuneration for all employees, taking into account Move Energy’sstructure, strategy, objectives and risk policy. The goal of these principles is to remunerate and reward employees in a fair and motivating manner. These principles are described hereafter.

The compensation structure of Move Energy consists of competitive salaries (fixed remuneration) as well as (for certain team members) carried interest entitlement relating to the AIFs performance (variable remuneration). No yearly bonus based on individual or group performance applies. The carried interest entitlement varies among each team member depending on their seniority within Move Energy and by nature forms a long-term incentive that is dependent on an AIFs performance. A sustainability risk which materialises could have a negative impact on carried interest paid out.

Transparency of adverse sustainability impacts at entity level

Move Energy at the moment does not consider principal adverse impacts (PAIs) on investment decisions. More information can be found in our PAI Statement.