At Portobello Capital, every decision
responds to the commitment to our
Corporate Social Responsibility Policy.
We incorporate the criteria of social and environmental responsibility, and good governance in the day to day of our organization, our relationship with our employees, investors, partners, suppliers and, ultimately, to society.
Principles for Responsible Investment
Portobello Capital is an endorser of United Nations-backed Principles for Responsible Investment UN PRI.
- Incorporating ESG issues into investment analysis and decision-making processes.
Analysis of CSR in the decision-making process.
- Being active owners and incorporate ESG issues into our ownership policies and practices.
Boards of Directors of our portfolio companies are supported through access to information and best practice tools.
- Seeking appropriate disclosure on ESG issues by the entities in which we invest.
Recurrent follow-up with our portfolio companies regarding CSR policies.
- Promoting acceptance and implementation of the Principles within the investment industry.
Continuous promotion through discussions with shareholders and participation in several events.
- Working together to enhance our effectiveness in implementing the Principles.
Active member of the ASCRI association that promotes socially responsible investment in Spain.
- Reporting on our activities and progress towards implementing the Principles.
Annual report to investors according to the framework established by PRI.
Corporate Social Responsibility
Portobello Capital's Corporate Social Responsibility Policy was created to contribute to the creation of value for society
The purpose of this Policy is to establish the basic principles and the general framework of action for the management of the corporate social responsibility practices assumed by the company.
The CSR Policy will be applied in Portobello and will be promoted in its portfolio companies, through its representatives in the administrative bodies, seeking the alignment of its policies with those of Portobello Capital, in accordance with the principles established in this document.
Our commitment is not only to strictly comply with the legal obligations in force but also to voluntarily integrate social, labour, environmental and human rights concerns into our management, strategy, policy and procedures. In this line, our commitment is based on the following pillars:
See Full CSR Policy
The Corporate Social Responsibility (CSR) Policy of Portobello Capital has been created as an attempt to optimize financial investment and contribute to creating value by aligning our activity and that of our subsidiary companies.
The object of this Policy is to establish the basic principles and the general framework of action for the management of the corporate social responsibility practices that the company undertakes.
The CSR Policy will be applicable in Portobello and will be promoted in its subsidiaries through its representatives on the governing bodies, seeking to align their policies with those of Portobello Capital, so that they follow principles that are consistent with those established in this document.
Our commitment is not only to comply strictly with current legal obligations, but also to integrate social, employment and environmental concerns and respect for human rights voluntarily in our management, strategy, policy and procedure. Accordingly, our commitment is based on the following pillars:
- Social Responsibility
Economic: Working to generate wealth in the surrounding environment, assuming that the activity of any business contributes to the creation of jobs and wealth in the local area where it is located. Obtaining profits by minimizing the economic, environmental and social costs. Collaborating with associations or foundations. Making social donations. Sponsorship of exhibitions and other socio-cultural activities.
Value Chain: Guaranteeing respect for human rights, especially in the supplier chain.Employment: Guaranteeing equality of treatment, opportunities and pay. Guaranteeing job security. Promoting employee training. Promoting, as far as possible, the integration of vulnerable groups (people with a disability or at risk of social exclusion).Furthermore, in the event of leading acquisitions and mergers, we must strive to obtain possible synergies in the most suitable way for both organizations.
- Environmental Responsibility
Promoting reduced consumption and savings by adopting good practice that permits more efficient production processes.
Optimizing the use of raw materials and other material (water, paper, energy, etc.)
- Responsibility for Good Governance
Guaranteeing compliance with applicable laws and regulations. Working to achieve the independence of the companies’ Governing bodies.
To favour an effective application of these commitments in our subsidiaries, we make a distinction between two types of companies where social responsibility focuses on different principles:
- Production companies: the task is mainly focused on saving energy costs, which involves training and raising awareness in employees about saving in energy and raw material consumption. Strengthening the R&D departments which will result in an improvement in product quality.
- Services companies: in these companies, emphasis is on the social and job-related task. Ensuring pay conditions and incentives to productivity.
At Portobello Capital we also have a commitment to our investors:
1. To manage economic resources efficiently, working on the creation of value.
2. For transparency. Providing them with all the information on our CSR policy and reporting on the progress made.
Responsibility in our portfolio
The growing interest of our investors in responsible investment and the incorporation of CSR criteria in portfolio management is a clear indication of the relevance that these aspects have acquired in the current market environment and encourages us even more, if possible, to guarantee their inclusion in the entire investment process.
Since 2014, Portobello has been collecting and analyzing ESG indicators (KPIs) of its investee companies. These indicators allow us to understand how each of the companies is evolving towards a more responsible management and what impact they have on their environment.
Our commitment to the companies in which we participate is to identify the opportunities and risks that this new scenario presents and to provide them with all the help they may need to progressively improve their management of CSR aspects.
The relevance that the ODS have taken in recent years, has led us to focus our own analysis based on these 17 objectives that mark the Agenda 2030 of the United Nations.
We seek to improve the management of the companies in which we invest while guaranteeing transparency with our investors regarding the good or bad (if any) practices of our investees.
Although the key indicators may vary depending on the sector in which each company is located, these are some of those we consider key in our analysis:
Existence of environmental policies
Measures to reduce resource use
Initiatives to mitigate environmental impact
Control of the supply chain
Existence of equality and safety policies in the workplace
Staff training and evaluation
Existence of anti-corruption policies and ethical codes
Composition of the governing bodies
Regulatory compliance and sanctions
Sabater performs its activity in compliance with applicable laws and in an ethical and social responsible manner. Sabater Spices operations and its relations with other parties are based on values such as honesty, integrity, equity, transparency and mutual respect. The Company is audited and approved by Bureau Veritas above the SMETA standard of the ethical compliance in the company.
Developing a new project: First Sustainable Paprika grown along with SSI (Sustainable Spice Initiative) under the umbrella of IDH (a project led by the offices of the Dutch, Swiss and Danish governments that brings together public and private non-governmental institutions, to increase and accelerate a sustainable trade).
Sabater Spices is a member of Sedex (Suppliers Ethical Data Exchange), a non-profit organization whose objective is to enable improvements on the responsible and ethical commercial practices of the supply chain throughout the world.
Sabater has incorporated a gender perspective as a part of the social responsibility of the company with a plan for equal opportunities for women and men. With the collaboration of the Ministry of Health, social policy and equality.
Sabater optimizes the resources used and seeks to minimize the environmental impact. It is certified by the ISO-14001 for environmental aspects.
The Company has a line of action center on the ecological agriculture, endorsed by the Counsel of Ecological Agriculture of the Region of Murcia (MU/480/E).
The Company has a relevant commitment with the local area (Olaverría and its region), making several economic contributions and sponsoring various sport and cultural activities.
Laulagun holds a ISO 14001:2004 certification, which guarantees a business management focused on a more efficient energy use and on cost reduction. Several actions have been implemented having obtained, in consequence, a substantial reduction in consumption.
The company has also implemented other initiatives to mitigate environmental impact such us flow regulators to reduce water consumption or the use of new materials with a longer durability, in this way reducing the amount of wastage.
Iberconsa is a member of SEDEX, which is a not for profit membership organisation dedicated to driving improvements in responsible and ethical business practices in global supply chains. As member the company must provide self-assessments yearly, which are publicly available to other members and any client who receives authorization from the company.
Regarding social responsibility on the product, the Company has been certified by IFS Broker, a quality standard that not only ensures the company’s regulatory compliance but also its suppliers one. It is audited yearly, having received in 2015 the maximum qualification.
Its Corporate Policy includes the company’s commitment to its employees and providing them with the necessary training to help them on their personal and professional growth.
Sustainable fishing: members of Blue Fish (European association for the promotion of sustainable and responsible fisheries) and MSC Custody Chain certified (sustainable fishing standard).
Regarding actions in place to mitigate environmental impacts, it should be highlighted that 85% of the water used in its Namibian subsidiary comes from the sea; this water is later cleaned before returning it.
EYSA is committed to the principles of equal opportunity for each and every one of our professionals, in the selection process as well as access to internal promotion, under criteria of assessment, development, talent and dedication to the job, as well as bearing in mind gender equality.
The Company supports the integration of groups at risk of exclusion.
EYSA aims to minimize the environmental impact of its customers through the development of initiatives of sustainability in the field of mobility services, improving the standards of mobility in the cities in which we operate, reducing congestion levels and thus air and noise pollution.
There is an Integrated Policy on Quality Control and Environment and, within this framework, it also holds ISO 14001:2004 certification, which ensures a more energy efficient.
The Company is especially careful with regards to the control of social issues in its subsidiary in China, given the potential risk for non-compliance with regulations, social audits are done annually.
In Spain as well as in China, the company has implemented several measures to reduce water consumption and to improve energy efficiency or reduce costs.
96% of materials used in the Chinese factory are recycled and up to 50% in the headquarters in Villafranca.
Partner in the Hispter Project (financed by the EU) for the deployment of high pressure and temperature food processing for sustainable, safe and nutritious food with fresh-like quality looking for more sustainable production processes (water and energy savings)
Vitalia cooperates with several entities focused on integration into the job market: of disable people (NGO Empleo para Todos) and of people at risk of social exclusion.
Strong commitment with energy saving actions, installing solar collection systems and water saving initiatives: in 2014 the company installed biomass plants in two of its centres for the production of hot water and heating; and has reduce 65% its energy use and CO2 emissions in the last 3 years by lighting
Angulas Aguinaga has been the first company in the world in obtaining the ISO 22000 certificate.
As a Vitartis partner, Angulas Aguinaga recently has joined an agreement with the board of Castilla y León to help distribute food through Red de Protección a las Familias, in which is expected to respond in the next year some 100,000 people. Agreement which will provide employment to people at risk of social exclusion.
Angulas Aguinaga is always concerned with minimising the ecological impact that any processing industry generates and, in order to remove the organic waste generated in the production system, it has its own waster water treatment plant, which has all the latest technological advances for water treatment. Furthermore, packaging waste is recycled through an Integrated Management System.
Multiasistencia has developed a program of measures that are committed to reconcile family and professional life and equal opportunities. This has enable the company to obtain the certificate of the Empresa Familiarmente Responsable (EFR), issued and delivered by the Fundación Másfamilia, a private, independent, non-profit and charity foundation, set up and run to provide innovative and highly professionals solutions for the protection and family support.
Multiasistencia has obtained the Environmental Management Certification ISO 14001. This certification demonstrates the commitment of the company for the care of the environment and its preservation in their daily activities.
Developed in 2013 a cell phone recycling campaign to raise funds for solidarity purposes. This campaign sought to raise awareness of the importance of recycling cell phones, electronic devices containing various metal components and highly polluting batteries. In addition, one of the materials used in the manufacture of cell phones, coltan, whose largest reserves (80%) are in the D.R. of Congo, is extracted in a context of war and lack of protection of human rights and environment. With the funds raised, Multiasistencia will support InteRed’s educational projects that aim to fight for the right to education of children, indigenous women, illiterate adults and populations of rural communities in Latin America, Asia and Africa.
ICFC Conducts ethical audits annually using independent companies accredited by the international organisation, SEDEX.
Helps the ‘Alzira’ region, Spain to receive international recognition thanks to our export market.
Almost 50% of ICFC supplies are purchased from regional suppliers, thereby helping the economic development of the Valencian community region in Spain.
ICFC encourages DUAL training by working with the regional institute of professional training Luis Suñer, as a source of training their future collaborators.
Cooperates with various charity food banks in the region.
ICFC collaborates with both social associations (Fallas, regional association) as well as sports associations.
They actively work in:
The Global Energy Plan (PGE) which consists in awareness-raising of sustainable development, controlling all the company’s resources: water, electricity, waste and CO2 emissions.
The Integrated Waste Plan System (SIG) to achieve the proper management of packaging waste.
The Ecoembes Prevention Plan, which comprises of numerous projects to reduce the use of cardboard and plastic in the containers and packaging we use to make our ice cream.
With its employees: developing their skills, relying on internal promotion, diversity and inclusion, respect for human rights and ensuring workplaces, healthy and safe.
With the communities where they perform their work: promoting the purchase of fair trade products, working with local suppliers supporting the development of the areas we serve, and close cooperation in programs to prevent hunger and malnutrition.
Nutrition, health and welfare: developing programs aimed at improving the health and wellbeing of our users and consumers, committed to reducing the intake of sugar, salt and fat programs.
Mediterránea is strongly committed with the reducing of scrap and waste.
A strategic line aimed to the emission decrease and control energy consumption in our facilities and those of our customers.
Grupo Uno CTC
Fundación Cares: Grupo CTC cooperates with this entity facilitating access to employment for people with disabilities or at risk of exclusion, helping its development and creating opportunities and added value.
Fundación Logística Justa: Grupo CTC is Sponsor of the Foundation at participating collaborating on actions of the Foundation promoting fair trade, social commerce, logistics cooperation with the poorest countries and takes part in social projects of cooperation.
Service of Economic Development of the City Hall of Montornés del Vallés: Grupo CTC collaborates with this entity revealing employment opportunities of the outsourced companies in the area, promoting local hiring and encouraging the relationship between local government and the business community.
Grupo CTC works with Caritas under the Empresas con Corazón program, making easier the access to employment for people who have been long periods outside the labour market, from a holistic view of the person, his reality and his capabilities.