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+” – 2019) and a top quartile ranking in their Direct Private Equity assessment (“A” – 2019).
In 2016, we further became a signatory to Fiduciary Duty in the 21st Century, as published by the 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. We published our first TCFD Report in 2020, click here to read the latest report.
We continue to support industry efforts on both climate and sustainability. In 2020 we co-launched Initative Climat International(“iCI”) in the UK with 5 other signatories and held an OpCo role throughout 2020. This collaboration is now supported by over 20 signatories and $200bn in private equity assets under management. In addition, we participated in a number of panels for BVCA members on climate risk and SDG-aligned investment practices. We have also maintained Carbon Neutral status on a Scope 1 and 2 basis, offsetting all emissions generated from our business activities. This is 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 Chair of the BVCA’s Responsible Investment Advisory Group (“RIAG”) in 2019. The Group comprises senior representatives from Triton, Permira, Apax, Towerbrook, RailPen, Unigestion, Mayfair 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.