Our priority lies in realizing strong investment returns for our investors and their beneficiaries. In parallel, we recognize the impact of our investments on society at large and therefore have committed to make Corporate Social Responsibility ("CSR") integral to our organization. We have translated our views into the AlpInvest CSR policy.

Our commitment to corporate responsibility is manifested through our investments and our approach to investing. The focus of our CSR policy is to integrate CSR into all investment processes and engage with GPs to promote corporate governance and sustainability as important investment considerations wherever possible. Accordingly, we will evaluate the CSR and reporting standards of the GPs and companies in which we make investments in the future and monitor our portfolio to reflect our CSR priorities.

We believe that creating transparency and promoting disclosure on CSR topics is key to driving further developments of CSR as an investment consideration. We want to work with peers and managers across the sector to promote sustainability and governance as an important factor in investment choices. AlpInvest is a signatory to the United Nations Principles for Responsible Investments (UN PRI) and engaged in its private equity workstream. We encourage portfolio companies and general partners to subscribe to the United Nations Global Compact principles.

Our CSR policy also includes exclusion criteria. We have committed to making a determined effort to exclude direct investments in companies that are directly involved in the manufacturing or distribution of products that clearly violate current and anticipated Dutch and relevant international conventions. This includes, for example, certain types of weapons.

Further, we explore sustainability themed investments. Currently, we manage a €500m Cleantech mandate for APG and PGGM.

As a professional services firm with 125 staff in four locations, our environmental and social impact is relatively small. However, being one of the leading global private equity investors, we aim to be a good corporate citizen and take our CSR responsibilities seriously.