In accordance with Regulation (EU) 2019/2088 of the European Parliament and Council of 27 November 2019 on sustainability-related disclosures in the financial services sector, blisce/ provides the following information:

• The integration of sustainability risks into the investment decision-making process (Article 3).

• The consideration of principal adverse impacts (“PAI”) of investment decisions on sustainability factors (Article 4).

• The remuneration policies in relation to the integration of sustainability risks (Article 5).

The Funds managed by blisce/ fall under Article 6 and, since 2022, Article 8 of the European SFDR regulation.

The company’s remuneration policy takes into account each employee’s long-term commitment and their involvement in sustainability matters for the management company and within portfolio investments.

Subscribers to the funds managed by blisce/ are regularly informed, through the funds' activity reports, of the non-financial factors considered in the analysis and monitoring of investments, as well as any major environmental, social, or governance events that could negatively impact the value of investments.

blisce/ has carefully embedded Sustainability practices across every level of the investment fund.

• Deal Origination

To ensure we have a talented, yet diverse pipeline we source companies through a wide network of leveraging technological platforms, market research, events and professional networks.
However, as blisce/ is not an impact fund, we didn’t commit to invest only in impactful companies in terms of ESG.

• Due Diligence process

During due diligence our investment team carefully performs a negative screening to ensure there are no fundamental issues with the company’s mission, supply chain and environmental or societal impact. We also screen for potential risks related to employment practices, suppliers and supply chain and environmental impact. We also strive to understand the company’s governance & mission, diversity & inclusion practices and charitable giving practices.

Our assessment during the due diligence process is used to identify risk-factors relevant to a company’s activities in the following key areas:

• Employment practices (covered primarily by legal diligence)

• Suppliers & supply chain

• Environmental impact

Additionally reviews the following information:

• Governance & Mission

• Diversity and inclusion practices

• Charitable giving practices

At the investment deal stage all of our portfolio companies take BCorp’s B Impact Assessment (BIA) as well as an internal assessment performed by blisce/‘s sustainability team.

Any material elements that would lead the Fund to an uncertainty on the following pillars would be considered as excluded from the investment strategy of the fund.

• Mission

• Responsibility

• Sustainability

• Impact

We hope the assessment can serve as a launch point for ventures hoping to expand and grow their ESG policies and we plan to support them along the way. The fund’s term sheet includes non-negotiable clauses for ventures

• ESG Portfolio Management

We believe outstanding companies are international, diverse, inclusive, and responsible. As a result our Platform team focuses on enabling our portfolio companies to be international, diverse, inclusive, and responsible through the following support:

• Perform an ESG assessment and reassessment every 18 months

• Support the development of an ESG strategy

• ESG trainings and workshops

• DEI strategy support

The remuneration policy applied by blisce/ are in line with the AIFMD regulations.

As of today, our remuneration policies do not discourage the consideration of sustainability risks in the investment decision process.

blisce/ team also commits 20% carried to non-profit organizations.

BCorp Certification

B Lab is a nonprofit that serves a global movement of people using business as a force for good. B Lab’s initiatives include B Corp Certification, administration of the B Impact Management programs and software, and advocacy for governance structures like the benefit corporation. B Lab’s vision is of an inclusive, equitable, and regenerative economic system for all people and the planet. To date, there are over 3,400 Certified B Corps in 150 industries and 70 countries, and over 70,000 companies use the B Impact Assessment.

Visit bcorporation.net for more information.

Sista Chart

We are signatories of the Sista chart which aims at reducing inequalities of funding between male and female entrepreneurs.

Visit wearesista.com for more information

United Nations Principles for Responsible Investments

The six Principles for Responsible Investment are a voluntary and aspirational set of investment principles that offer a menu of possible actions for incorporating ESG issues into investment practice.

• Principle 1: We will incorporate ESG issues into investment analysis and decision-making processes.

• Principle 2: We will be active owners and incorporate ESG issues into our ownership policies and practices.

• Principle 3: We will seek appropriate disclosure on ESG issues by the entities in which we invest.

• Principle 4: We will promote acceptance and implementation of the Principles within the investment industry.

• Principle 5: We will work together to enhance our effectiveness in implementing the Principles.

• Principle 6: We will each report on our activities and progress towards implementing the Principles.

Visit unpri.org for more information