sustainability - Main sustainability - Main

Committed to making positive impact

Main Capital Partners aims to strengthen Europe’s digital economy by building excellent software groups, helping companies to achieve sustainable growth while also creating value for their customers and employees, our investors and the wider society. Main hopes to make a lasting positive impact in the world and invest in a sustainable* and responsible manner.

Our investment focus centres on the power of innovative technology and its role in driving growth and efficiency in economies, creating opportunities throughout society. For Main, this means building successful software groups while future-proofing their business operations on all levels, while continuously following a socially and environmentally conscious approach, and operating with the highest integrity.

This is why Main will launch the Main Social Institute (MSI) in 2022, a foundation to host several initiatives driving and developing societal value. As well as simply wanting to achieve a positive impact on the world around us, the foundation has two fundamental objectives: to help close the gap in the IT labour market, while also improving social inclusivity and diversity in IT more generally. 

*Main currently does not manage a separate fundline promoting environmental or social characteristics or AIFs with a sustainable objective.

 

Principles for Responsible Investment (PRI)

Within the Main structure, we have a dedicated team working in close cooperation with our portfolio companies to strengthen day-to-day operational performance. Through best practices and benchmarking, we aim to implement standardised performance excellence roadmaps for all of our companies.

Main is actively involved in providing support for a wide range of business processes and intends to be a growing source of expertise for our current portfolio and potential new investments.

Due to Main Capital Partners’ social responsible investment strategy and this membership, we actively carry out the six Principles of the PRI:

  • 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.

Our broader stakeholders are integral in the process of developing a sustainable investment ecosystem and together we are convinced that the incorporation of ESG criteria into our investment thesis can mitigate risk, develop real value and actively work towards the betterment of society overall.
Main actively focuses on the six Principles of the PRI.  Main has publicly committed to implement the Principles, after signing the United Nations PRI declaration in 2014. We believe this pledge will improve our ability consistently to meet our commitments to multiple beneficiaries as well as to better align our investment activities with the broader interests of society.

Committed to improving the digital economy

Main has been successfully investing in software companies for almost 20 years. We now want to share this success by giving back to society through the launch of the Main Scholarship for Software Engineers as part of our broader initiative, the Main Social Institute (MSI).

MSI is a foundation that will host several initiatives driving real societal value. In addition to simply wanting to leave a positive impact on the world around us, the foundation has two specific objectives. Firstly, to help close the gap in the IT labour market while also improving social inclusivity and diversity in IT more generally. 

There is a major shortage of well-educated and equipped software development staff in North-Western Europe. This potentially hinders the further growth acceleration of the software industry in this region. All our portfolio companies unequivocally echo the vital importance of capable software developers for their organization. They put a lot of effort on recruiting, retaining and developing talent as they are faced with a scarce labour market where skilled software developers are in short supply and high demand.

Through the Main Scholarship initiative, in collaboration with educational institutions, such as The Hague University of Applied Sciences and Technical University Delft, we aim to help and support those students for whom financial or educational backgrounds have created roadblocks to choosing a career in IT, or to finish their IT studies and qualifications.  Main offers structured financial support to students as well as providing workshops and teaching courses while, importantly, creating a connection between prospective candidates and employers in an early stage.

The Main Social Institute

Over the next 3 years, the Main Social Institute will look to fund 9 students from the University of Applied Sciences in The Hague (Haagse Hogeschool) for whom financial or educational backgrounds have created roadblocks to choosing a career in IT, or to finish their IT qualifications. Main will support students with structured financial support, help build their network and provide them with a mentor in the software industry.

Main’s policy on Environmental, Social and Governance (ESG)

Main Capital Partners  considers Environmental, Social and Governance (“ESG”) to be of great importance for its own organisation as well as the investment industry at large. Through implementing the ESG policy, Main will continue to focus on the future of its portfolio companies and own employees, and will keep supporting the ESG programmes of its investor base.

We believe that acting in a socially responsible manner will significantly improve our ability to meet commitments to all our stakeholders, as well as to better align our investment activities with the broader interests of society. The corporate values of Main are partnership, quality, integrity, accountability, teamwork and respect. These core values are key to the compliance and integrity of the organisation and the people working for Main. These values will help Main to be successful, now and in the future and provide a healthy and progressive balance between People, Planet and Profit.

Corporate social responsibility can be of great value in effecting positive change in the world.  In order to generate impact and warrant in-house expertise on the topic, we have established an ESG-committee within Main and appointed an ESG Officer with a strong background in sustainable finance. The ESG-committee convenes on a regular basis to discuss a variety of matters, ranging from policy improvements to the implementation of new initiatives and from target-setting to LP-reporting. Moreover, the committee is responsible for making sure that ESG is top-of-mind among Main’s investment professionals in order to make sure they can effectively translate this into awareness and ESG-initiatives at the portfolio company level. The overall project working group consists of our Investment & Investor Relations Manager, Investor Relations Associate & ESG Officer, Compliance Officer and CFRO.

Committing to action on climate change

Main Capital Partners is now a proud signatory of a collaborative private equity climate change initiative, initiative Climate International (iCI).  iCI is a global, investor-led organisation sharing skills and experience to build towards a sustainable future through investment management and investment choices.

iCI believes that the most effective way to engage meaningfully on climate change is through dedicated country networks. The model of country networks also enables signatories to better deliver on the commitments of the initiative, by promoting closer collaboration and providing more opportunities to network as a whole.

 

 

Main recognises the big societal impact of climate change as well as the adverse effects it will have on the global economy, presenting risks for possible investments. Main’s intention is to contribute to the objective of the Paris Agreement to limit global warming to well-below 2 degrees Celsius and in pursuit of 1.5 degrees Celsius.  As part of our commitment, we actively engage with portfolio companies to help them reduce their greenhouse gas emissions and to contribute to an overall improvement in sustainability performance.