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CapVest Partners LLP

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.

Initial screening will be undertaken in investment selection to cover product restrictions under the Limited Partnership Agreements such as Arms, Tobacco and Pornography. As investments are limited to mainly European countries with good corporate governance standards, legislation in place to protect human rights and environmental regulations, screening on a geographical basis is not undertaken.

During due diligence, responsible investing principles covering ESG are identified.  ESG risks will depend on many factors such as specific industry risks and company practices.  Environmental due diligence reports are undertaken to cover factors such as energy resources, air polution, water polution. In addition, diligence is carried out by the investment team on social isssues such as employee relations, health and safety, and product risks.  A thorough investigation is made on the governance structure highlighting any weaknessess and recommendations to be implemented such as audit and remuneration committees should the investment proceed.

The final investment decision will be based on a review of all due diligence material including ESG related fators set out in the investment memorandum. Any downside risks will be highlighted under the risk section where appropriate.  

 

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.

The final investment memorandum will contain ESG related factors that have been considered and presented to the Investment Committee. 


PE 09. Encouraging improvements in investees (Private)


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


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