Exclusion list

  • Principle 1: We will incorporate ESG issues into our 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.

To act according to MCP’s own beliefs and in accordance of the PRI membership, MCP excludes certain segments, geographies and activities in advance. Due to the core investment focus on software companies in North-West Europe lots of criteria are easily achieved. Examples of these no-investments criteria MCP has met, are: corrupt countries, child labor sensitive industries or the production of weapons. Below a full detailed exclusion list is provided on which MCP acts accordingly during the investment process.

MCP will not finance any activity, production, use of, trade in, distribution of or involving:

  • A portfolio company (whether directly or through Investment Holding Companies) which manufactures weapons and ammunitions as defined in the 25.4 NACE code of the EVCA sectoral classification;
  • and more particularly, in a portfolio company which is involved in the production of antipersonnel landmines and cluster bombs, whereby such involvement shall cover entities whose activity is to produce or supply key components of these anti-personnel landmines or cluster bombs;
  • forced- and child labor, as a part of the fundamental principles of the International Labor Organization;
    serious environmental pollution, as expressed by a direct serious violation of applicable laws or regulation or by activities involving: cutting down (parts of) the rainforest, heavy chemical industry waste production, trade of wildlife products and unsustainable fishing methods (i.e. blast fishing);
  • a portfolio company that has its primary business activities taking place in countries considered as sensitive for corruption, such as: Algeria; Ecuador; Indonesia; Myanmar; Afghanistan; Albania; Angola; Cambodia; Guinea; Iraq; Kuwait; Lao RDP; Namibia; Nicaragua; Uganda; Pakistan; Panama; Papua-New-Guinea; Soudan; Syria; Yemen or Zimbabwe;
    other social inappropriate