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YZR Capital GmbH
Prof. Dr. Reinhard Meier
Phone: +49(0) 1787879781
EU dispute resolution
The European Commission provides a platform for online dispute resolution (ODR): https://ec.europa.eu/consumers/odr/.
Our e-mail address can be found above in the site notice.
Dispute resolution proceedings in front of a consumer arbitration board
We are not willing or obliged to participate in dispute resolution proceedings in front of a consumer arbitration board.
Mandatory disclosures under Regulation of the European Parliament and of the Council on sustainability-related disclosures in the financial services sector (EU) 2019/2088 (“SFDR”):
- Policies on the integration of sustainability risk in investment decision-making processes (Article 3 SFDR)
YZR Capital GmbH (the “Manager”), being AIFM of YZR Capital Fund I GmbH & Co. KG (the “Fund”), has to disclose the manner in which sustainability risks are integrated into its investment decisions. Sustainability risk means an environmental risk (such as increased flooding risks on operations of portfolio companies), social risks (such as impact of non-compliance with anti-slavery or working conditions laws and regulations by portfolio companies) or governance risk (such as inadequate management oversight of portfolio companies) that, if it materializes, could cause an actual or a potential material negative impact on the value of the investment.
In general, the Manager believes that sustainability risks are less relevant for the intended investments. The companies, in which the Manager wants to invest through the Fund, i.e. tech-enabled healthcare companies, have usually no own manufacturing facilities and mostly rely on digital assets. Therefore, it is in contrast to other sectors relying on tangible assets or physical facilities very unlikely that environmental risks will harm the business. The Manager believes that social-related sustainability risks have no practical relevance as the companies are aiming to improve health care and will therefore contribute to social factors rather than having a negative impact on them. Inappropriate governance rules may certainly have an adverse effect on potential portfolio companies, whereby the Manager does not see specific risks which go beyond those of any other business. The Manager will address these issues within the due diligence process by evaluating the governance structure. As starts-up and growth companies are usually still in a process to develop an adequate governance structure, the Manager will support the process during the investment by negotiating appropriate governance rules, which are implemented in the shareholder agreements, the articles or rules of procedures for the management, if possible. After an investment has been made, the Manager actively monitors its portfolio companies with regard to many aspects including ESG related issues and will exercise its rights as shareholder to address and mitigate potential issues.
II. No consideration of sustainability adverse impacts (Article 4 SFDR)
In relation to an investment acquired by the Fund has to disclose whether it considers adverse impacts of its investment decisions on sustainability factors. Sustainability factors in this context encompass environmental, social and employee matters, respect for human rights, anti‐corruption and anti‐bribery matters. Currently the Manager does not consider principle adverse impact of investment decisions on sustainability factors. The Manager believes that adequate and reliable information from potential portfolio companies and methods to measure sustainability factors within its portfolio companies are currently not available. However, the Manager will carefully monitor developments in this respect.
III. Mandatory disclosures of remuneration policies in relation to the integration of sustainability risks (Article 5 SFDR)
As a registered EUVECA AIFM, the Manager has currently no explicit remuneration guideline (remuneration policy). Sustainability aspects are therefore not explicitly taken into account when determining the remuneration.
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