Sustainability

Diversification, Profitability and Added Value

Inversiones Maslosa / Sustainability

We understand that the performance of an asset is not determined solely by its financial variables. Environmental, social and governance factors may have a material impact on its risk profile, its ability to generate returns and, ultimately, its value. Accordingly, we incorporate into our analysis and decision-making process those sustainability considerations that are relevant in each case, together with the economic, financial, strategic and risk variables that are material.

This integration does not constitute a standalone process, nor does it follow a categorisation based on predefined criteria. We assess those factors that may significantly affect the asset’s long-term performance and results, paying particular attention to those that may give rise to risks that are not adequately reflected in its valuation or, conversely, reveal opportunities for value creation.

This approach enables us to consider issues arising from regulatory, technological and structural changes, as well as other events that may affect the characteristics of the asset, its competitive or market environment, its ability to generate returns or the strength of its fundamentals. The objective is to improve the quality of our decisions through a broader and deeper understanding of the circumstances that may influence its performance.

As part of our analysis process, we have developed an ESG Due Diligence Checklist, which we apply to each transaction. This tool enables us to structure and document in a consistent manner the assessment of the main environmental, social and corporate governance factors relevant in each case, as well as to identify and analyse the associated risks and opportunities.

“Not all sustainability factors are equally relevant. We identify those that may have a material impact on the risk, value and performance of each investment.”
Inversiones Maslosa.

Its content is not static, nor is it applied identically to all investments. The matters subject to review are selected based on the specific characteristics of each asset, so that the analysis can focus on those areas that are most relevant in light of its business activity, location, structure, time horizon and other characteristics of the transaction.

Once the review has been completed, we continue to monitor those matters that we consider relevant. To this end, we draw on their evolution, the periodic documentation received, communications with managers or those responsible for the asset, publicly available information and other sources that may help identify significant changes.

The monitoring carried out throughout this period enables us to maintain an up-to-date view of the situation and, where circumstances so require, adapt the approach and priorities with which we manage the asset. In this way, the initial analysis is complemented by the data generated during the holding period and by any changes that may occur in the circumstances affecting it.