EQT has adopted a Responsible Investment Policy (“RI Policy”) according to which EQT undertakes to a) act at all times as a responsible owner promoting appropriate environmental, labor and human rights and ethical standards (“RI Factors”) in portfolio companies; and b) when assessing potential investments, to consider RI Factors as part of due diligence. EQT’s RI Policy explicitly gives the boards of directors of every portfolio company a mandate to define, address and monitor relevant RI Factors and it is expected that the board of every portfolio company discusses its company’s compliance with RI Factors at least once a year. Those EQT funds which do not typically have control or co-control have adapted an appropriate governance model and their influence on RI Factors may be limited.
The RI Policy for EQT was adopted in March 2010 to further articulate and formalize what was already implicitly part of both EQT’s investment process and ownership model. EQT’s RI Policy considers RI Factors, formulated to be in line with international conventions and standards, more specifically with the UN Global Compact’s ten principles in mind. The most recent version of the RI Policy was released in April 2012 following EQT’s decision to manage future funds onshore. A review of the RI Policy is conducted on a yearly basis by EQT’s RI team in liaison with the EQT Executive Committee. Any changes to the RI Policy require the approval of the general partners and managers of the respective EQT funds.
For further information on EQT’s investment policies or guidance documents, please also refer to indicator SG 02.4 below.