BC Partners has adopted a frame work to assess target companies compliance on ESG issues. For the moment the focus is restricted to five specific items: workplace, environmental issues, governance, community and marketplace. Such issues are identifiable in a thorough due diligence process.
Since 2010, BC Partners has required that each Preliminary Investment Memoranda (“PIM”) includes a summary of ESG due diligence conducted along with a description of any issues or concerns identified. The ESG due diligence is conducted by the deal team members and discussed by the Investment Committee prior to the commitment of capital.
In order to conduct ESG due diligence on new opportunities effectively, all investment professionals receive introductory ESG training. In addition, the deal team may choose to supplement their diligence with support and/or advice from a specialised external ESG advisor.