Biovision Ventures GP S.à r.l. (the Firm) makes the following disclosures in accordance with Articles 3(1), 4(1)(b) and 5(1) of the SFDR.
The Firm, a private limited company (Société à responsabilité limitée) domiciled in Luxembourg, is the general partner and acts as a registered alternative investment manager (the AIFM) pursuant to Article 3(2) of the Luxembourg law of 12 July 2013 on alternative investment fund managers, of Biovision Ventures Fund II SCSp (the Fund), a special limited partnership (société en commandite spéciale) domiciled in Luxembourg.
A sustainability risk means "an environmental, social or governance (ESG) event or condition that, if it occurs, could cause an actual or potential material negative impact on the value of the investment". For the Firm, sustainability risks are risks which, if they were to crystallise, would cause a material negative impact on the value of the Fund's investment. The Firm sets out below its policy on the integration of sustainability risks in its investment decision-making. The Firm considered all material risks associated with the investment strategy and policy of the Fund. The Firm does not integrate sustainability risks associated with each proposed investment to be made by the Fund, since investments within the investment focus of the Fund do not typically involve significant ESG risks.
Article 4 of the SFDR requires fund managers to make a clear statement as to whether or not they consider the "principal adverse impacts" of investment decisions on sustainability factors. The Firm does not consider the principal adverse impacts of its investment decisions on sustainability factors in the manner prescribed by Article 4 of the SFDR. Investments within the investment focus of the Partnership don't typically involve significant ESG risks.
It is the policy of the Firm to ensure staff are paid remuneration that is consistent with and promotes sound and effective risk management and does not encourage risk-taking, which is inconsistent with the risk profiles, rules or instruments of incorporation of the Fund that it manages. Staff are predominantly paid a fixed salary and the Firm considers its sustainability risk policy, as part of its overall assessment of the Firm's remuneration.