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HPE Growth Capital

PRI reporting framework 2017

You are in Direct – Private Equity » Pre-investment (selection)

Pre-investment (selection)

PE 07. Incorporating ESG issues when selecting investments

07.1. During due-diligence indicate if your organisation typically incorporates ESG issues when selecting private equity investments.

07.2. Describe your organisation's approach to incorporating ESG issues in private equity investment selection.

At a first look a good governance structure should be in place and the potential investment should not be engaged, directly or indirectly, in:

·production of and trade in weapons and ammunition;
·casinos and equivalent enterprises;
·production of and trade in tobacco and distilled alcoholic beverages and related products;
·human cloning for reproduction purposes; or
·research, development or technical applications relating to electronic data programs or solutions, which
aim specifically at:
(1)supporting any activity included in the restricted sectors referred to above;
(2)internet gambling and online casinos; or
(3)pornography, or which are intended to enable to illegally:
(1)        enter into electronic data networks; or
(2)        download electronic data.

When providing financing to the research, development or technical applications relating to (i) human cloning for research or therapeutic purposes; or (ii) genetically modified organisms (“GMOs”), the Fund shall guarantee specific compliance with European Union legislation on GMOs and provide ethical guidelines and/or foresee appropriate monitoring procedures regarding such Investments.

Thereafter, the ESG aspects that could be improved are discussed internally but also agreed upon improvements before investing.

07.3. Additional information. [Optional]

PE 08. Types of ESG information considered in investment selection

8.1. Indicate what type of ESG information your organisation typically considers during your private equity investment selection process.

8.2. Describe how this information is reported to, considered and documented by the Investment Committee or similar.


PE 09. Encouraging improvements in investees (Private)

PE 10. ESG issues impact in selection process (Private)