Windmills

Acini Capital AS aims to have a healthy, social, environmental, and financial return on investments. The purpose is to have some investments with positive benefits for other people, the climate, or the world as such. Not as a reduction in profitability, but rather as an integrated part of the business model.

Ripples in a pond

The traditional accounting method has been unchanged for 300 years. Future-proof companies include a wider range of key performance indicators. Rather than measuring the monetary returns alone, we seek companies prepared for a world with more transparency, more responsibility, higher environmental, social and ethical standards, and accountability on all these sections.

At Acini Capital AS we focus on macro trends, and try to select good providers of the future needs. The simple question as an impact investor is: Is the business model sustainable and good for humanity long term? Will the company we invest in benefit from more transparency, or are there hidden external costs which may be accounted for in the future?

Ice river Ice river

At Acini Capital AS we focus on macro trends, and try to select good providers of the future needs. The simple question as an impact investor is: Is the business model sustainable and good for humanity long term? Will the company we invest in benefit from more transparency, or are there hidden external costs which may be accounted for in the future?

Philosophy

What will be the future needs of humans, and the earth? How can we invest profitably to satisfy these demands?

As a guide we use the UN SDGs. How can each investment contribute to progress towards the SDGs? Every single investment has a consequence. All companies impact the world in several ways. We would like to associate ourselves with companies we can be proud of.




We see larger impact in emerging markets rather than in OECD countries, and with focus on the following sectors:

Ripples
Patient capital in future-proof companies

We invest according to the following SDGs

SDG4 SDG5 SDG7 SDG3 SDG13 SDG10

Our aim is to contribute towards SDGs through investments in specific companies. We base our selection on business models with ERR (External Rate of Returns). I.e. successful returns=fulfilling SDGs. We do not invest in companies nor projects where we do not expect a profitable economic return.

In some of our investments, we strive to have an influence to increase the impact. We contribute either by additional funding, or in direct dialogue with the management to nudge the business model in a more sustainable direction.

We invest according to the following SDGs

SDG4 SDG5 SDG7 SDG3 SDG13 SDG10

Our aim is to contribute towards SDGs through investments in specific companies. We base our selection on business models with ERR (External Rate of Returns). I.e. successful returns=fulfilling SDGs. We do not invest in companies nor projects where we do not expect a profitable economic return.

In some of our investments, we strive to have an influence to increase the impact. We contribute either by additional funding, or in direct dialogue with the management to nudge the business model in a more sustainable direction.

Koding
Reduce long-term risk factors

Reduce long-term risk factors


  • If we do not believe there is a demand for the products/services in 10-20 Years, we do not invest in those companies.



  • If we hope there is a reduced demand for those products/services, we also avoid them.



  • Will young people in the future demand this product or service?



  • If we see the possibility for disruption by better solutions, we avoid them

Stones
Avoid companies with large external costs

Avoid companies with large external costs


Every company may be held accountable for the cost they inflict on society. Transparency is increasing exponentially, and this will directly influence each business model. Sooner or later all external costs (pollution, emissions and other negative impacts) will be accounted for. This is a known risk factor we try and minimize in our portfolio. At the same time, we are seeking companies with hidden benefits for society, which are yet not accounted for. Currently such benefits increase the motivation and dedication of the employees. Long term the consequence is improved competitiveness and a stronger brand name.

Every company may be held accountable for the cost they inflict on society. Transparency is increasing exponentially, and this will directly influence each business model. Sooner or later all external costs (pollution, emissions and other negative impacts) will be accounted for. This is a known risk factor we try and minimize in our portfolio. At the same time, we are seeking companies with hidden benefits for society, which are yet not accounted for. Currently such benefits increase the motivation and dedication of the employees. Long term the consequence is improved competitiveness and a stronger brand name.

Ripples
Hedge into the future

Hedge into the future

We do not invest in the world as we know it; but rather in the world we would like to see. We use the UN SDGs as a guiding light for future human demands, and the Paris Agreement as a limiting factor how this demand is satisfied. Our focus lies in divesting in old industries, and investing in new demands. An increasing number of investors share this strategy. This hedge is exemplified through small investments in something which may change the world for the better (Technology, Education, New solutions).

We do not invest in the world as we know it; but rather in the world we would like to see. We use the UN SDGs as a guiding light for future human demands, and the Paris Agreement as a limiting factor how this demand is satisfied. Our focus lies in divesting in old industries, and investing in new demands. An increasing number of investors share this strategy. This hedge is exemplified through small investments in something which may change the world for the better (Technology, Education, New solutions).

Ripples
Exclusions

Exclusions

There are some know risk factors and companies may be sued for external costs/implications on society. They may have withheld information about the true cost, or the external cost may be key to their business model. In either case, we regard this as an underestimated risk, which forms the basis for our exclusion list:

  • Petroleum
  • Gas
  • Coal
  • Petro Chemicals
  • Fossil fuels services
  • Big Meat
  • Big Tobacco
  • Big Soda
  • Alcohol
  • Weapons
  • Advertising
  • Short term consumer goods
  • Non-sustainable fashion
  • Fossil car manufacturers
  • Concrete manufacturers
  • Cruise

Exclusion list is a thing of the past. A sounder strategy is inclusion list, to actively seek companies with positive impact. We invest in companies which can contribute to a good life, without exploiting nature. See Future-Proof Companies.

There are some know risk factors and companies may be sued for external costs/implications on society. They may have withheld information about the true cost, or the external cost may be key to their business model. In either case, we regard this as an underestimated risk, which forms the basis for our exclusion list:

Exclusion list is a thing of the past. A sounder strategy is inclusion list, to actively seek companies with positive impact. We invest in companies which can contribute to a good life, without exploiting nature. See Future-Proof Companies.

Investments

For new investments we are looking at businesses with Environmental and Financial Returns. We prefer economic sound business models. Unless the companies are profitable, they will perish and not have an impact. In a longer perspective, we believe over-performing companies will be those who include environmental, financial and social returns in the business model.

These companies will:

Attract a wider range of investors, including soft capital. Attract more human talent, particularly millennials, Gen Y and later Alpha. Generate better brand names. Increase customer loyalty. Have a reduced number of risk factors. Operate in expanding markets (vs contracting markets for the "no good" business models).

Acini Capital AS is family owned      |      Established 1964      |      Impact investments since 2001      |      Registered: Norway      |      Contact: contact(at)acini.no

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