Information on Sustainability
Regulation (EU) 2019/2088 ("Disclosure Regulation") forms the basis for the provision of the following information. This Regulation establishes harmonized rules on transparency with regard to the inclusion of sustainability risks, the consideration of adverse sustainability impacts, if any, and the provision of information on the sustainability of financial products. We, Onsight Ventures Management GmbH ("OVM"), endeavor to provide you with the information to be disclosed below in a clear and comprehensible manner. However, should you have any questions, please do not hesitate to contact us.
Our strategy for incorporating sustainability risks
Sustainability risks within the meaning of the Disclosure Regulation are events or conditions in the environmental, social or governance areas whose occurrence could have an actual or potential material adverse effect on the value of the investment. Our strategy for including sustainability risks is that we do not want to subject ourselves to any restrictions, apart from the respective AIF's investment limitations, in the interests of our investors, which is why we generally reserve the right either to refrain from investing or to invest despite the existence of sustainability risks, even if they are significant.
No consideration of adverse impacts of investment decisions on sustainability factors
We do not currently take sustainability factors into account in our investment decisions.
Reason for not considering adverse impacts of investment decisions on sustainability factors
In accordance with Article 4 of the Disclosure Regulation, we have decided not to consider adverse impacts of investment decisions on sustainability factors (social and employee matters, respect for human rights and the fight against corruption and bribery) as part of our activities as an alternative investment fund manager ("AIFM") (so-called "opt-out"). The clear reasons for this are that a possible "opt-in", i.e. the decision to take into account adverse effects of investment decisions on sustainability factors, would be accompanied by additional legal requirements and additional administrative effort that are not justified given the nature, size and business orientation of our company, and that there is still too little clarity and quality of content given the currently prevailing data and information situation (in particular company, regulator).
Extract from our remuneration policy
We have a remuneration policy that aims, among other things, to prevent conflicts of interest in connection with the remuneration of our employees as far as possible. However, our remuneration policy is also in line with the concept of sustainability: it does not contain any regulations that are not in line with our approach to sustainability and, in particular, with our strategy for incorporating sustainability risks.
The following is an excerpt from our remuneration policy in this regard: "The remuneration policy is in line with the inclusion of sustainability risks and, in particular, our strategy in his regard, especially since - from an ex ante perspective - it does not contain any content hat could have a negative impact in this regard."
Further important information
As OVM, we are not a member of any supranational or international bodies or organizations that would oblige us to comply with more far-reaching requirements.
The AIFs managed by us do not invest a fixed percentage in portfolio companies that focus on environmental and/or social characteristics. The AIFs do not constitute funds within the meaning of Article 8 or Article 9 of the Disclosure Regulation and do not meet the requirements for taxonomy-compliant funds within the meaning of Regulation (EU) 2020/852 ("Taxonomy Regulation"); the investments underlying these financial products do not take into account the EU criteria for environmentally sustainable economic activities.