Imprint

Souschef Management S.à r.l.,
2, Place de Strasbourg, L-2562 LuxembourgRegistre de Commerce et des Sociétés Luxembourg - B271444Directors: Valentin Knobloch, Benedikt Knobloch+49 173 6993791 | info@souschef.vc | www.souschef.vc

Disclaimer

Despite careful efforts to assure correctness, completeness, and current relevance of the homepage and webpages, we cannot accept any liability for the information provided. We also cannot accept any liability for the correctness of information and content provided by other web pages we have linked to.

Privacy Policy

This privacy policy will explain how we at Souschef Ventures (“we”) use the personal data we collect from you when you use our website or communicate with us via email or telephone.What personal data do we process, for what purpose, for how long and on which legal basis?If you contact us, for example via the contact form on our website, by email or by phone, we will collect the following data from from you:First name;
Last name;
Email address or telephone number;Any other personal data you might voluntarily share with us.We will use this data as well as data and time of your contact exclusively to handle your request. If your request is recognisable as a business-related contact, we may also use your data for (potential) customer care, in particular in order to contact you (as far as this is legally permitted), to present you offers, clarify your need for our services and/or evaluate the possibility of a potential cooperation, as far as we might consider this to be in your interest. Your data will in general not be passed on to third parties. We will delete your data as soon as it is no longer needed for the respective purpose, i.e. usually six months after the last contact with you. However, for reasons of proportionality, we collectively delete all inquiries that are due for deletion only once in half a year. In case we process your data for the purpose of a (potential) customer care, we will delete your data as soon as you object to the processing or by 30 June of the second calendar year after your last business-related communication with us or expression of interest.
The legal basis for the data processing is Art. 6 para. 1 subpara. 1 lit. b and f GDPR.
Exceptions: We are required to retain business and commercial letters and other tax-relevant documents in order to fulfil our commercial and tax law archiving obligations; we will usually delete them as soon as all relevant data retention, legal archiving and limitation periods have ended.
The legal basis for tax law retention is Art. 6 Para. 1 Para. 1 Letter c GDPR.Who receives your personal data?
Your personal data will remain in our area of responsibility. In some cases it may be necessary to pass on your data to external advisors, for example to lawyers (legal basis: Art. 6 para. 1 subpara. 1 lit. f GDPR; purpose and legitimate interest: establishment, exercise or defence of legal claims).
In certain areas, such as web hosting and email hosting, we use specialised service providers:- Website hosting: Carrd Inc., 231 Public Square Suite 300, Franklin, TN 37064, US, hello@carrd.co.- Email Hosting: Google, https://policies.google.com/privacy, privacy@google.com.- Form: TYPEFORM, S.L., C/ Can Rabia 3-5, 4th floor, 08017 – Barcelona, Spain, gdpr@typeform.comThese are bound to our instructions by an agreement on commissioned data processing and may not process any of your personal data for their own purposes. Processing by these data processors and their data processors usually takes place only in the EU. If the processing of your data by one of these providers takes place in an unsafe third country (countries without a corresponding data protection law), it will be ensured that this is done on the basis of appropriate protection measures according to Art. 44 et seq. GDPR, for example by agreeing on standard data protection clauses of the EU Commission, which are supplemented in individual cases by appropriate protective measures such as encryption of the data in accordance with Art. 46 para. 2 c) GDPR.Your rights
You have the right to access, to have rectified or erased, to restrict the processing and/or to object to the processing and to the data portability under the respective statutory conditions with regard to your personal data. In particular, you have the right to object to the processing of your data for advertising purposes at any time. If data processing is based on consent, you have the right to withdraw your consent at any time without affecting the lawfulness of the processing carried out on the basis of consent until the withdrawal or of the processing on another legal basis. If you want to exercise these rights, you can simply write to us.
To the extent that processing of your personal data is based on Art. 6 para. 1 subpara. 1 lit. e or f GDPR, you have the right to object to processing in accordance with Art. 21 GDPR. If your objection is made for reasons arising from your particular situation, we will no longer process your personal data unless we can demonstrate compelling legitimate grounds for the processing which override your interests, rights and freedoms of or for the establishment, exercise or defence of legal claims. If your objection is directed against direct marketing, including profiling, insofar as it is connected with such direct marketing, we will no longer process your personal data for these purposes.

Transparency factors on sustainability

Souschef Management S.à r.l. (the “AIFM”) is a registered alternative investment manager pursuant to Article 3 of the Law dated 12 July 2013 relating to alternative investment fund managers, as amended from time to time (the “AIFM Law”). The present document purports to fulfil the requirements (the “Requirements") of Article 3 and 4 of Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability‐related disclosures in the financial services sector (“SFDR”):- Financial market participants shall publish on their websites information about their policies on the integration of sustainability risks in their investment decision‐making process.- Financial market participants shall publish and maintain on their websites: (i) where they consider principal adverse impacts of investment decisions on sustainability factors, a statement on due diligence policies with respect to those impacts, taking due account of their size, the nature and scale of their activities and the types of financial products they make available; or (ii) where they do not consider adverse impacts of investment decisions on sustainability factors, clear reasons for why they do not do so, including, where relevant, information as to whether and when they intend to consider such adverse impacts.

Integration of sustainability risks in the investment decision process

DefinitionSustainable finance covers investments taking into account Environmental, Social or Governance (“ESG”) considerations. Impact finance is subset of sustainable finance, investing with the intention to generate a measurable, beneficial social or environmental impact alongside a financial return.A sustainability risk is an uncertain social, governance or environmental issue or condition that, if it occurs, may positively or negatively affect a company’s/issuer’s revenues, costs, cash flows, value of assets and or/liabilities:- environmental issues relate to the quality, durability and functioning of the natural environment and natural system such as, but not limited to, climate, carbon emissions, deforestation, environmental regulations, water stress and waste;- social issues relate to the rights, well-being and interests of people and communities such as labour management, employee’s relation and health and safety; and- governance issues relate to the management and oversight of companies and other investee entities such as board, ownership and pay.

Impacts on investmentsEven though sustainability is a critical component of investments, in particular in relation to real estate and private equity, integrated into the AIFM’s investment decision-making, applying ESG criteria to the investment process may exclude the consideration of certain assets (for non-financial investment reasons) and therefore of some market opportunities available to the funds under management.Additionally, despite the strong development of sustainable finance observed in the recent years, the lack of reliable data and of a standardised approach to assess sustainability represent a strong challenge for ESG monitoring. The lack of harmonised definitions may also potentially result in certain investments not benefitting from preferential tax treatments or credits because sustainable criteria are assessed differently than initially thought. Investors should note that the subjective value that they may or may not assign to certain types of ESG criteria may differ substantially from the AIFM’s methodology.Besides, several Member States are implementing national standards and financial product labels based on market-based classification systems, which may lead to market fragmentation and confuse investors with sustainability preferences. Furthermore, differences between national standards and labels may hinder cross-border sustainable investments. Lastly, the risk of greenwashing may challenge the confidence of investors and provide unfair competitive advantage to financial actors engaged in those practices.However, there is increasing evidence that sustainable investment can both preserve and increase asset value. In addition, investments in ESG funds will create environmental and social value by, for example, preserving the environment (reducing gas emissions, recycling, reconditioning of electronic waste, creating new technologies with an ecological purpose, etc.), innovating in labor protection and sound governance, reducing cost (e.g. installing more energy-efficient equipment ) and liabilities ( as better consideration of ESG risks reduces the chance of unforeseen litigation). Failure to actively deal with these risks will not only delay global efforts to address the climate challenge but will also damage long-term returns and threaten economic sustainability.

ImplementationFinally, further to the sustainability risk assessment at the level of the funds under management, the AIFM considers sustainability risks assessment as a mean of identifying investment opportunities, managing and monitoring investment risk, and therefore integrate this assessment in their investment decisions as early as in their due diligence processes in order to maximise the long-term risk-adjusted return.Indeed, sustainability risks are ESG factors that pose a material risk to the value of the investment. When deciding whether ESG data are material for a particular investment, the AIFM shall evaluate the relevance of the information and the likely impact on the financial return of the investment in the context of the particular fund’s investment strategy. Indeed, even if the fund concerned does not pursue or promote ESG objectives for the moment nor has sustainable investments’ objectives, it remains exposed to sustainability risks.Though it may occasionally and partially invest in assets that have an ESG objective or sustainable investment objective, the sustainability risks shall still be managed in accordance with the risks assessment methods and procedures of the asset class, without specifically being considered as sustainability risks.Indeed, the AIFM further considers that as the legal and regulatory framework governing sustainable finance is still under development, sustainability risks assessment methods and procedures may be developed over time alongside the evolution of the investment objective, in light of the evolving legal and regulatory framework.In cases where the AIFM is keeping internally the portfolio management function for a fund under management, a pre-due diligence will usually be performed by an investment advisor or investment committee which shall provide the AIFM with specific analysis which will be part of the investment decision making process. The final due diligence and investment decision will remain the prerogative of the AIFM. Investment proposals will be duly assessed against regulatory and legal requirements before their approval by the AIFM which shall request that sustainability risk assessment is part of the pre-due diligences provided by potential investment advisors or the funds’ investment committees (for the funds for which sustainability risks are relevant).In cases where the AIFM is delegating the portfolio management function for a fund under management, the external portfolio manager is responsible for the investment decision process and pre-trade analysis of the investments concerned. The AIFM will perform appropriate ongoing due diligence on the work performed by the portfolio manager with regards to the investment decision taken and will consider if the portfolio manager considered appropriately sustainability risks in his decision (for the funds for which sustainability risks are relevant).

Consideration of principal adverse impact

In conformity with SFDR, AIFMs are expected to comply with a series of sustainability-related disclosure requirements. In this regard, considering that (i) no funds under management have sustainable investments as investment objective and/or promotes ESG factors and (ii) certain funds under management may try to incorporate sustainability factors to their investment strategy, the AIFM states for the time being, not to consider principal adverse impacts (“PAI”). PAI are defined as adverse effects on sustainability of the investment decision and/or the investment advice.The approach to ESG and sustainable investments of the funds under management may evolve and develop over time.