Responsibility
Hitecvision Underside Bilder 0021 Bygg A Hinna Park Kontor Stavanger 2018 Dsc06911

ESG and Sustainability

HitecVision believes that when ESG factors are integrated into the investment analysis, decision making, ownership policies and practices, they will contribute to potential long-term performance advantages. HitecVision is a signatory of the UN-supported Principles for Responsible Investment.

In HitecVision we believe that having a genuine focus on ESG (Environmental, Social and Governance issues) is a competitive advantage. The energy industry today faces new pressures and demands related to the transition to a low-carbon economy, and we believe that by integrating our ESG approach into the core business, we will be better placed to make the right investment decisions, and to identify, analyze and mitigate the ESG-related risks and opportunities of our portfolio companies. In doing so, we improve the resilience of our portfolio while being better positioned to make use of the opportunities following from the sustainability agenda.

In the transition to a low-carbon energy future, HitecVision will be part of the solution rather than part of the problem. We will invest in companies that help reduce the overall carbon footprint of the offshore energy industry, and companies supplying energy that replaces current sources with higher emissions.

ESG issues can have a material impact on the financial performance of our portfolio companies and on the communities in which both HitecVision and our portfolio companies operate. We believe that when ESG factors are integrated into the investment analysis, decision making, ownership policies and practices, it will improve the long-term performance of our portfolio companies, and thus that of our funds.

HitecVision is a signatory of the UN-supported Principles for Responsible Investment.

ESG as part of our company culture

Our Ethical Guidelines form the basis for the ESG work in HitecVision. The Ethical Guidelines are based on five principles to ensure that all our activities are performed in an ethical manner and in compliance with sound business practice:

  1. We behave and comply with laws
  2. We respect our colleagues
  3. We protect our assets and confidential information
  4. We never make illegal payments
  5. We avoid conflicts of interest

The Responsible Investment Policy, which applies to all aspects of HitecVision operations, is also part of the Ethical Guidelines, and forms an integral part of HitecVision’s investment processes and active owner practices. The policy aims to ensure that the HitecVision funds only invest in companies which operate in an environmentally responsible manner; respect human and labor rights and provide their employees with good, healthy and safe working conditions; and maintain high ethical standards and follow good corporate governance practice. Further codes of conduct stem from these core principles and continue to underpin how we want to do business and take responsibility for areas where we have influence.

In our work in HitecVision and with our portfolio companies, ESG comes down to people, starting with ourselves. Therefore, we place great emphasis on building a company culture in order to integrate our ESG approach into all levels of operation. Our company culture rests on our ethical principles, which entails that the entire organization should be mindful of our influence and impact on the surrounding world. We also strive to build a corporate culture that emphasizes equality and diversity. We strongly believe that a gender-equitable workplace benefits our bottom line as well as the company culture and the societal impact of HitecVision.