Israeli's Vintage Investment Partners signs United Nations supported Principals for Responsible Investment

Israeli's Vintage Investment Partners signs United Nations supported Principals for Responsible Investment

Published: 25-01-2021 13:48:00 | By: Pie Kamau | hits: 3717 | Tags:

Vintage Investment Partners announced it has become a signatory and partner to the United Nations supported Principals for Responsible Investment PRI. The PRI is an international global network of investors, asset managers, owners, and service providers, working together to put responsible investing into practice. The principles, which are voluntary, aim to provide a framework into the investment decision making process and ownership practices.

Vintage Investment Partners believes in the importance of responsible investing in creating positive business growth. By becoming a signatory, Vintage is publicly demonstrating its commitment to responsible investment, incorporating environmental, social and governance (ESG) factors in its investment decisions.

Vintage's objective is to help shape a more sustainable global tech system when building its portfolio by encouraging the fund and companies to use business best practices in all aspects of their activities. Vintage Investment Partners will implement the voluntary PRI principals in its practices and decision-making process and will work on developing investing guidelines, which will describe Vintage general approach to ESG matters, with consideration of how these will be integrated.  

Alan Feld, Co-founder, Managing Partner, Vintage: "Vintage is honored to join the UN PRI initiative. Since our founding, ESG factors have been extremely important to how we at Vintage make our investment decisions. We have always taken a values-based approach to the management of our firm, the behavior we expect of our venture capital fund managers with their due diligence processes and capital allocation decisions and the conduct and activities of our direct portfolio companies." 

Vintage Investment Partners has been known for standing up for its values and leading by example. Vintage is the founder and the principal funder of the Power in Diversity Israel Initiative www.powerindiversityisrael.com. The initiative, comprised today of over 130 startups and over 35 venture funds, promotes, and facilitates the participation of more women and more minorities in the startup ecosystem. In addition, Vintage led the effort to reduce the likelihood that female entrepreneurs will face sexual harassment by potential VC investors. Over 50 Israeli venture funds signed on to the policies and a retired female expert judge was appointed to address claims by entrepreneurs of harassment by venture investors.

Fiona Reynolds, CEO, PRI: "We are delighted to welcome Vintage Investment Partners on board as a signatory. It is great to see their commitment to incorporating ESG and responsible investment practices, and we look forward to working together in future."

www.vintage-ip.com