Indico joins UN-supported Principles for Responsible Investment

Dear Friends and Supporters,

As part of our ongoing effort to foster sustainable investing, today we are announcing that we are the first VC based out of Portugal to have joined the United Nations-supported Principles for Responsible Investment (PRI). As early-stage venture investors, we do not always get it right, but at least we can try to do the right thing in regards to governance and accountability.

We want to take this opportunity to thank you for the support during this year wishing you a Merry Christmas and a Happy New Year!

Stephan Morais
Managing General Partner
Indico Capital Partners

Indico joins UN-supported Principles for Responsible Investment

Lisbon, December 19th, 2019
- Indico Capital Partners just announced it has joined the United Nations-supported Principles for Responsible Investment (PRI).

The PRI is an international global network of asset managers, owners and service providers working together to put responsible investment into practice. The principles, which are voluntary, aim to provide a framework for integrating environmental, social and corporate governance (ESG) considerations into investment decision-making and ownership practices.

Funds such as Indico adhere to a set of principles that are encapsulated by PRI's commitment statement - “As institutional investors, we have a duty to act in the best long-term interests of our beneficiaries. In this fiduciary role, we believe that environmental, social, and corporate governance (ESG) issues can affect the performance of investment portfolios (to varying degrees across companies, sectors, regions, asset classes and through time). We also recognize that applying these Principles may better align investors with the broader objectives of society."

Stephan Morais, Managing General Partner at Indico stated that "As active investors, we have the responsibility to make sure that we are aware of all external and internal factors that might impact the companies we invest in and wider stakeholders. Becoming a signatory of PRI reinforces our commitment to comply with that responsibility and it is also the right thing to do as a fund manager that believes in high standards of governance and accountability. As venture capital investors we do not get everything right, but we can certainly try to do the right thing."

About Indico Capital Partners
Indico Capital Partners is a leading institutional independent early-stage VC fund in Portugal. The experienced Partner team works to identify, invest and nurture the most promising early-stage startups in the areas of B2B SaaS, Artificial Intelligence, Marketplaces, Fintech and Cybersecurity and B2C Platforms. Indico invests between 150 thousand and 5 million Euros per investment.

About the Principles of Responsible Investment (PRI)
The United Nations-supported Principles for Responsible Investment (PRI) Initiative is an international network of investors working together to put the six principles for responsible investment into practice. Its goal is to understand the implications of Environmental, Social and Governance issues (ESG) for investors and support signatories to incorporate these issues into their investment decision-making and ownership practices. In implementing the principles, signatories contribute to the development of a more sustainable global financial system

Horizon 2020, EFSI and Portugal Tech
Indico VC Fund I is supported by InnovFin Equity, with the financial backing of the European Union under Horizon 2020 Financial Instruments and the European Funds for Strategic Investments (EFSI) set up under the Investment Plan for Europe. The purpose of EFSI is to help support financing and implementing productive investments in the European Union and to ensure increased access to financing. It is also co-financed by Fundo de Capital e Quase Capital (FC&QC) managed by IFD - Instituição Financeira de Desenvolvimento, S.A. through the Portugal Tech facility managed by the European Investment Fund (EIF).

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