EV Private Equity has signed up to United Nations-supported principles intended to create more responsible investment and sustainable markets.
The principles for responsible investment (PRI) incorporate environmental, social and governance (ESG) factors into decision-making.
EVPE has invested in several oil services and technology developers in north-east Scotland in recent years.
The company has offices in the Granite City, Stavanger and Houston.
Helge Tveit, Managing Partner at EVPE said: “Discussion around environmental and social issues now dominates the world we live in, which has rightly impacted the decision-making approach that investors are taking.
“In the international energy sector, great scrutiny is placed upon investments and sector-wide, we need to ensure that investment is handled responsibly and evolves with the changing global marketplace.”
Karem Kobayashi, compliance manager at EVPE added: “In today’s world making a return to investors goes hand-in-hand with the adoption of sustainable practices.
“EVPE’s portfolio companies have a lot to contribute in the areas of clean, affordable energy through its unique technologies, as well as in promoting a safe, equal and ethical work environment.
“Through our commitment to the PRI and our own ESG programme we’ll aim to improve the standards and practices of our portfolio companies. The approach will allow us to proactively identify issues and address risk, at the same time improving LP transparency.”
The PRI was created in 2005 by then United Nations Secretary-General Kofi Annan, who invited the world’s largest institutional investors to hep developed the principles.
Launched in April 2006 at the New York Stock Exchange, the PRI has grown consistently and continues to partner with the United National Environment Programme Finance Initiative and the United National Global Compact.