Responsible investment
At Tesi, the foundation of responsible investment lies in the integration of sustainability considerations into investment activities and active ownership. Responsibility is embedded throughout the investment process: it influences investment decisions, value creation during the ownership period, and exits. Our goal is to maximise the positive net impact generated through the value creation of our portfolio companies and to promote the development of their business towards the goals of sustainable development.
When evaluating investment targets, we consider not only financial aspects but also environmental, social, and governance (ESG)-related risks, opportunities, and areas for development. As an owner, we act responsibly and collaboratively with the management companies of our funds, the boards of portfolio companies, and our co-investors.
Tesi’s sustainability policy and investment activities are based on the UN Principles for Responsible Investment (PRI), which we apply across all our investments.
Fund investments
- We invest in venture capital, growth and buyout funds whose managers operate in accordance with principles of responsible investment.
- We conduct systematic sustainability assessments of our portfolio fund managers. We regularly evaluate their sustainability practices, both in their investment activities and within their own operations.
- Tesi acts as an advisor and as a general partner of the Kasvurahastojen Rahasto funds-of-funds that it manages through its subsidiary Tesi Fund Management Oy.
See disclosures of Tesi Fund Management under the EU sustainable finance disclosure regulation (SFDR)
Direct investments
- In our direct investments, we evaluate a company’s responsibility across governance, environmental, and social dimensions, taking into account the company’s size and specific characteristics of its operations.
- During the ownership period, our goal is to positively influence the development of responsibility and value creation in our portfolio companies. We engage in active dialogue with company management, boards, and co-investors, as well as offer tools and support for sustainability development.
- In addition to active dialogue, we monitor the progress of sustainability annually through surveys, and the findings are discussed within the investment team or management team when necessary.
Aiming for social impact
Through its investment activities, Tesi aims to foster the development of the Finnish private equity market, as well as the growth and internationalization of Finnish growth companies. We invest in opportunities where we see that new capital can create the strongest positive impact: the most promising companies grow rapidly and generate positive impacts on Finland’s economy, environment, and people through their business operations.