Transparency is key in the truthful relationship Ardian strives to build with it clients.
Disclosure of ESG-related incidents to clients follows the same process as disclosure of any incident that may have a material impact on funds' performance.
Teams are organised to provide value added reporting with clear, rapid and transparent information.
Attesting of their satisfaction, clients have regularly renewed their confidence and invested in Ardian's funds over the years.
Disclosure and management of all incidents occurring within portfolio companies follows a thorough and precise process. In cases of ESG-related incidents, Ardian is developing a tailored-process. As of 2017, Ardian is launching an “ESG Reporting Incident” procedure for the Midcap Buyout investment team. Within 10 days of an ESG incident, the investment team is required to fill out a short template describing the incident and action plan in response to the incident and send it to the CSR team. Ardian defines ESG incidents as “any significant and unexpected incident at a portfolio company that may materially impact the reputation of the portfolio company, or Ardian such incidents may include, but are not limited to, events that have resulted in loss of life, severe permanent injury or severe permanent damage to health, a material adverse environmental or social impact, or material breach of law relating to environmental, social or business integrity matters, including financial irregularities.