We have embraced Environmental, Social and Corporate Governance (“ESG”) policies since our inception. They are a fundamental component of our investment thesis, investment process and portfolio management approach.

We became a signatory to the United Nations backed Principles for Responsible Investment (“PRI”) in 2012 and have since built toward achieving their highest ranking in the Strategy & Governance assessment (“A+” – 2018) and a top quartile ranking in their Direct Private Equity assessment (“A” – 2018).

In 2016, we further became a signatory to Fiduciary Duty in the 21st Century, as published by the Principles for Responsible Investment (PRI), United Nations Environment Programme (UNEP) Finance Initiative and United Nations Global Compact.

In 2019, we became a signatory to The Taskforce for Climate-Related Financial Disclosures (“TCFD”), in recognition of the material climate change driven risks and opportunities that require ongoing engagement, development and evolution of our new investment activities and portfolio management approach. In this regard, we panelled a session for BVCA members, alongside PwC and Anthesis, headlined: “Integrating Climate Risk into Investment Origination, Analysis & Management”, in January 2020.As of 2019, we have committed to offset all emissions generated from our business activities (scope 1 and 2). This will be reviewed annually and offset through investment in key initiatives led by Gold Standard that address climate risk, support work & economic growth, reduce poverty and gender inequality (read our latest report here).

George Potts, a Director in our Manchester office, was elected Chairman of the BVCA’s Responsible Investment Advisory Group (“RIAG”) in 2019. The Group comprises senior representatives from Triton, Permira, Apax, LGPS and PwC; investment practitioners recognised for their excellence, experience, insight and ability to provide strategic guidance to the BVCA and its c. 750 members, representing c. £500bn AUM.

Our Responsible Investment Policy is available here

Our full 2019 United Nations Principles for Responsible Investment Report is available here

Our Climate Transparency Report is also available here

We have been awarded the following ESG-related awards by the BVCA:

Responsible portfolio company award (2018) – Future Industrial Services

ESG Engagement with Portfolio Companies – firms with less than £1bn under management (2016)

Demonstration of an ESG framework at firm level (2014)

2019 Carbon Footprint report

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2019/20 TCFD report

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