We search for a state
of constant improvement,

seeking to keep up with the times

Evolve to keep up
with the times

For us, the way companies treat Environmental, Social, and Governance (ESG) aspects can be used as a tool to better analyze the risk vs. return relationship of our investments.

ENVIRONMENTAL

  • Ecosystem
  • Environmental Management
  • Resource Usage
  • Waste Management
  • Greenhouse Gas Emissions

SOCIAL

  • Workers
  • Suppliers
  • Customers
  • Community

GOVERNANCE

  • People
  • Culture and Management
  • Trust and Integrity
  • Alignment of Interests
  • Control and Legal Structure

APPROACH

INTEGRATION

ESG has been on our team’s agenda since 2019. Over the past three years, we became signatories to the Principles for Responsible Investment – an international network of investors supported by the United Nations that is committed to responsible investing – and created our own methodology to assess how our portfolio companies view ESG.

MATERIALITY

Here at Indie, the definition of materiality is a fundamental step in our analysis; it helps us understand how companies in our universe of coverage treat ESG parameters according to their business models. After all, each company has a different role and responsibility and must be evaluated according to its sector.

COLLABORATIVE POSTURE

As investors, we believe that in addition to analyzing companies, we have a duty to engage those management teams that have not yet fully embraced ESG principles and to help them evolve by sharing analyses, lessons learned, and relevant information.

IMPLEMENTATION

ESG EXPOSURE ADJUSTMENT

Indie

Indie FIC FIA

Original investment vehicle at Indie Capital, bottom-up investment philosophy, focused on Brazilian publicly traded companies.

Inception:
28/12/2012
Benchmark:
IBrX 100
Target Audience:
Investors in General

Indie 2

Indie 2 FIC FIA

Mirrors our investment strategy, concentrating exposure on companies with well-developed ESG processes and highly engaged management team.

Inception:
24/12/2019
Benchmark:
IPCA + Y.IMA-B
Target Audience:
Qualified Investors

FIGURES REPRESENT PERCENTAGE OF EXPOSURE TO EACH ESG QUADRANT ACCORDING TO::

I – COMPANIES THAT PRIORITIZE ESG AND WHOSE MANAGEMENT IS HIGHLY ENGAGED. SINCE THEY ARE A REFERENCE IN ESG PRINCIPLES, WE SEE IN THEM A GREATER POTENTIAL FOR GENERATING VALUE AND A LOWER RISK. THEREFORE, THEY HAVE A GREATER WEIGHT IN THE INDIE 2 FIC FIA FUND THAN THEY DO IN THE INDIE FIC FIA FUND.

II – COMPANIES WHOSE MANAGEMENT DEMONSTRATES A WILLINGNESS TO DEVELOP ESG BUT HAS NOT YET PUT IT INTO PRACTICE. THESE HAVE THE SAME WEIGHT IN THE INDIE 2 FIC FIA FUND AS THEY DO IN THE INDIE FIC FIA FUND.

III – COMPANIES THAT ARE NOT YET DEVELOPING ESG AND WHOSE MANAGEMENT IS NOT ENGAGED. WE UNDERSTAND THAT THESE COMPANIES PRESENT A HIGHER RISK OVER THE LONG TERM; THEY THEREFORE HAVE DECREASED WEIGHT IN THE INDIE 2 FIC FIA FUND AS COMPARED TO THE INDIE FIC FIA FUND.

IV – COMPANIES THAT ARE EXPLORING ESG ISSUES, EVEN IF THEIR MANAGEMENT IS NOT FULLY ENGAGED. THESE HAVE THE SAME WEIGHT IN THE INDIE 2 FIC FIA FUND AS THEY DO IN THE INDIE FIC FIA FUND.

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