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Cinven

PRI reporting framework 2017

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Overview

PE 01. Breakdown of investments by strategy (Private)


PE 02. Typical level of ownership (Private)


PE 03. Description of approach to RI (Private)


PE 04. Investment guidelines and RI

04.1. Indicate if your organisation’s investment guidelines for private equity refer to responsible investment.

04.2. Describe how your organisation’s investment guidelines outline your expectations on staff and portfolio companies’ approach towards ESG issues [Optional].

•Before an offer is made to acquire a business we consider whether there are any ESG risks. This forms part of due diligence and the overall risk assessment of the business.
•Assurance is sought that the company is fully compliant with relevant ESG laws and regulations. An ABC risk assessment is also carried out.
•If an ESG issue is raised during due diligence, we fully consider whether it is unacceptable or simply a risk to be addressed.
•Independent analysis and expert advice is sought from specialist third party consultants, for instance environmental consultants, as required.
•Where any ESG risks are identified, we develop a plan, agreed with management, to address and remedy the issues raised.
•Legal advice is sought. This can lead to decisions on whether further obligations or warranties are appropriate, for instance in the purchase documents or as on-going obligations.

There is also now an ABC covenant in all shareholder agreements.


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