An in-depth impact
Phenix Capital Group's Impact Due Diligence is used by institutional investors as an in-depth impact verification tool to assess impact funds' strategies and practices.
With Phenix Capital Group's Impact Due Diligence, funds get measured on 33 criteria, which are split into 6 themes:
Evaluating the impact intention of the fund and how this is reflected in the intentions of the fund manager's organisation as a whole through its investment activities and values.
What is the plan in order to reach the targeted impact? How are portfolio companies selected? How is the impact risk being measured and managed? Are objectives aligned with the Sustainable Development Goals (SDGs)? And what is the likelihood of reaching the objectives?
The impact measurement, to what extent the fund assesses and records the impact created, and standardised impact measurement frameworks are compared.
Whether the fund manager makes the performance of its funds publicly available, promoting accountability and access to resources for investors, members of the impact investing industry, and the public.
The integration of impact within the investment decision-making process and the inclusion of corporate responsibility practices within the portfolio and the fund manager's organisation.
Whether the fund and fund manager promote best practices and standardisation across the impact investing industry.
The Impact Due Diligence attaches a score to each criterion while assessing the consistency and alignment of the impact proposition. At the end of the due diligence, the institutional investor will receive a scorecard with the final fund score. This scorecard also includes a benchmark score which serves as a fund comparison with other similar funds.
The Impact Fund Assessment is much more than just a label; it is an extensive, in-depth framework that gives asset owners a thorough picture of the measures a fund has put in place to achieve a positive impact (...).
Phenix's Impact Fund Assessment helps asset owners to compare impact investment strategies and funds in a consistent way, and it sets the blueprint for asset management best practices.
The Phenix's Impact Fund Assessment is based on a real in-depth analysis of the fund`s investment strategy and not merely on the simplistic aggregation of ESG ratings of the underlying constituents. (...)