Website Disclosure for NordicNinja
Transparency and disclosure under Regulation (EU) 2019/2088 on
sustainability-related disclosures in the financial services sector(“SFDR”)
JB Nordic Ventures Oy (“Nordic Ninja”) makes the following disclosures inaccordance with the Regulation (EU) 2019/2088 on sustainability-related
disclosures in the financial services sector (“SFDR”).
Sustainability risks policies statement
A sustainability risk means "an environmental, social or governance event orcondition that, if it occurs, could cause an actual or potential material negativeimpact on the value of the investment". In the context of NordicNinja, sustainability
risks are risks which, if they were to crystallise, would cause a material negative
impact on the value of the portfolios of the NordicNinja’s funds.
Managing sustainability risks
Consideration of sustainability risks is part of the investment decision-making andrisk management processes of NordicNinja relating to the funds it manages. Before
any investment decisions are made on behalf of any funds that NordicNinja
manages, NordicNinja (or its delegated portfolio manager) will identify the material
risks associated with each such proposed investment; these will include any relevant
and material sustainability risks. These risks form part of the overall investment
proposal submitted to the investment committee. The investment committee willassess the identified risks alongside other relevant factors set out in the proposal
and will approve the investment proposal. If NordicNinja has delegated portfolio
management in relation to the relevant fund to a delegated portfolio manager, theportfolio manager will then review the proposal and determine if it is suitable forthe fund, in which case the portfolio manager will authorise the investment
opportunity on behalf of the fund. The assessment of sustainability risks is led by
the relevant deal teams, and in certain instances, third-party providers withexpertise in specific sustainability risks.
The investment decision making process is part of NordicNinja’s wider policies andprocedures on the integration of sustainability risks in its decision making process
in relation to its funds generally. Further information on this is set out in
NordicNinja’s ESG Policy available on the website.
No consideration of sustainability adverse impacts
NordicNinja does not currently consider the principal adverse impacts of its
investment decisions on sustainability factors as set out under Article 11 (1) of theEuropean Union Sustainable Finance Disclosure Regulation 2019/2088 (“SFDR”)
as the relevant supplemental framework and required information to assess suchimpacts have not been finalized yet. We will evaluate and update our position
accordingly when the regulatory technical standards outlining the content anddefinition of such impacts have been finalised. In the meantime, NordicNinja will
instead continue to produce an annual ESG report and may provide fund-specific
ESG and sustainability reporting on the qualitative and quantitative ESG andsustainability performance of underlying investments, as appropriate.

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Article 10(1) Disclosures
NordicNinja Fund II (“Fund II”) makes the following disclosures in accordance withArticle 10(1) and Articles 33 to 44 of SFDR.
For the purposes of Article 8(1) of SFDR, NordicNinja Fund II considers that it is afinancial product which promotes, among other characteristics, environmental
characteristics.
Environmental Characteristics
While Fund II does not have sustainable investment as its objective, the relevantcharacteristics promoted by the Fund consist of reducing greenhouse gas emissions
and carbon footprint, and transitioning to renewable energy.
Investment Strategy
NordicNinja Fund II’s investment strategy involves investing in early-stage deeptech companies. Typical focus stage: Series A-B, Typical investment region: Europe.
Monitoring of environmental or social characteristics
NordicNinja Fund II will leverage external ESG reporting service providers tocollect data from portfolio companies, and monitoring their performance.
Designated reference benchmark
NordicNinja Fund II has not subscribed to a relevant designated reference
benchmark as we are not aware of any relevant benchmarks available for ourstrategy. We will keep evaluating this on an annual basis.
How the Environmental Characteristics Are Met
NordicNinja continuously monitors the characteristics of the Fund. Portfolio
companies report on the agreed metrics to the Fund, which aggregates and reports
onward to the Fund’s Limited Partners.
NordicNinja Fund II (or its delegated portfolio manager) wants the companies it
invests in to be genuinely focussed on giving back to all the stakeholders including
own employees, customers, suppliers, shareholders, the environment and the wider
world at large. For us, ESG is not just a screening process. We take an active interestin how the portfolio companies manage ESG issues and actively encourage, supportand stretch them to strive for the very best ESG standards.
Good GovernanceFund II aims to make investments in companies which follow good governancepractices including ensuring compliance with anti-bribery and anti-corruption
regulations, practicing non-discrimination policy, maintaining highest code ofethics and business conduct, and complying with data privacy and protection. Incases where the above don’t exist, then deal team will help the portfolio companies
build it up from scratch. For every portfolio company/opportunity, the NordicNinja
deal team will go through a standardized set of questions as part of the due diligenceprocess. In addition, since each potential investment is different in its sector,
business model and execution, the deal team may add additional ESG criteria to thecheck-list guided by the Sustainability Accounting Standards Board Principles(SASB). The results of this process are recorded in the investment memo, so that
the Investment Committee can confirm that ESG-related issues have been explicitly
assessed and ensure they are considered when making the investment decision.
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Methodologies Used to Assess,
Environmental Characteristics

MeasureandMonitor

theThe environmental characteristics described above are expected to be assessed,
measured and monitored throughout the investment decision-making process andinvestment lifecycle of the Fund. To assess, measure and monitor theenvironmental characteristics of the Fund, an ESG diagnostic is sent to eachportfolio company annually to collect and assess data on greenhouse gas emissions,footprint, consumption of renewable energy and exposure to fossil fuel sector.
Integrating ESG within our remuneration framework
Remuneration for NordicNinja’s staff is based on an annual appraisal process which
considers a variety of factors but includes the extent to which staff members
promote the firm’s guiding principles and adhere to the firm’s policies (including
this ESG Policy). A significant portion of overall remuneration for senior staff
members is also linked to the long-term performance of the NordicNinja funds. Weconsider this approach, which aligns the interest of staff members with those of ourlimited partners, to be appropriate to promote a culture of reducing long-term ESG
risks within our portfolio and creating long term value and financial performancefor our funds and other stakeholders.
NordicNinja sustainability officer
For more information please contact our sustainability officer Mr. Shinichi Nikkuni.

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