Euroventures V Technology and Growth Fund Coöperatief U.A. (“Fund”) was established in a way that it classifies as an Article 6 fund in accordance with Article 3 of SFDR. Therefore, the investments underlying this financial product do not exactly follow the EU criteria for environmentally sustainable economic activities.
Euroventures however does follow and complies with EBRD’s and EIF’s guidelines for environmental and social policies. These excludes investments in areas such as:
- illegal economic activity
- the production of and trade in tobacco and distilled alcoholic beverages and related products
- financing of the production of and trade in weapons and ammunition
- casinos and equivalent enterprises
- IT development relating to the above or internet gambling, or to pornography, or theft of electronic data
- human cloning
- genetically modified organisms (GMOs)
- forced labor
- child labor
- production of ozone depleting substances, PCB's (Polychlorinated Biphenyls) and other specific, hazardous pharmaceuticals, pesticides/herbicides or chemicals
- production of wildlife or products regulated under the Convention on International Trade in Endangered Species or Wild Fauna and Flora (CITES)
- use of / support of unsustainable fishing methods
- activities involving coal based energy production
- cross-border trade in waste and waste products
- destruction of High Conservation Value areas
- activities involving radioactive materials
- activities involving unbounded asbestos fibers
- activities involving genetically modified seeds or transgenic horticultural crops
- racist and/or anti-democratic media.
