- These results still represent those of the individual firms and do not yet reflect the results of the integration in AltamarCAM Partners.
Madrid, 18th October 2022.- AltamarCAM Partners, a global asset management firm focused on investing in private markets, has received the latest results from the UN PRI assessment corresponding to the year 2021 for both Altamar Capital Partners and CAM Alternatives. The firms announced their integration in mid-2021, therefore UN PRI reporting was conducted separately comprising procedures prior to the integration, but from 2023 onwards, AltamarCAM Partners will report jointly to the upcoming reporting cycle.
PRI reporting is the largest global reporting initiative associated with responsible investment. All signatories are required to annually report on their responsible investment activities across a series of modules including organisational overview, investment and stewardship policy, manager selection, appointment and monitoring and asset specific modules.
Altamar Capital Partners became a signatory of the UN PRI guidelines in 2016. Likewise, CAM Alternatives became a signatory in 2019.
In the latest assessments:
- Altamar Capital Partners received four stars in all categories reported: Investment & Stewardship Policy, Private Equity, Infrastructure, Fixed Income and Real Estate.
- CAM Alternatives received five stars in Investment & Stewardship Policy (highest score possible), and four stars in Private Equity and Infrastructure.
In this latest edition, PRI has adopted a newer and stricter assessment methodology for the ratings. Both firms have rated far above the median in every category reported. This reflects the excellent work of all those involved across the firm for whom ESG represents a part of their responsibilities.
“This recognition reflects that ESG issues are at the core of our culture and DNA as investors, being a fundamental aspect of our role as trusted advisors,” says Miguel Zurita, AltamarCAM Board Member, Co-Head of Private Equity, Head and Chairman of the ESG Committee. “We are very proud that, despite the increasingly demanding requirements of this certification, AltamarCAM has once again scored significantly above the industry average in all reported categories”. Joerg Hoeller, Chief ESG Officer added “these results are an endorsement of the work we are doing and encourages tah whole organization to continue improving the impact of our ESG policies which for sure will be reflected in future improved scores”.
One of the challenges AltamarCAM faced in developing its ESG strategy was the integration of Altamar Capital Partners and CAM Alternatives in 2021, as both entities had their own ESG assessment model and procedures. Following the merger, the AltamarCAM team has been working to combine the best of both systems and generate a new, strengthened and enhanced strategy.
In other areas within the ESG arena, AltamarCAM’s ESG activity has resulted in recent years in constant progress in the sustainability profile of the firm. It has achieved carbon neutrality for 2019, 2020 and 2021; is increasingly active through the Altamar Foundation; is improving its investment process; and is carrying out increasing work in its constant reporting to investors.
AltamarCAM’s team includes six full dedicated professionals and is supported by a ESG Steering Group that comprises eleven members from different backgrounds throughout the firm that will ensure access to the best market intelligence and that the initiatives are implemented across AltamarCAM.