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Cinven

PRI reporting framework 2017

You are in Strategy and Governance » Investment policy

Investment policy

SG 01. RI policy and coverage

New selection options have been added to this indicator. Please review your prefilled responses carefully.

01.1. Indicate if you have an investment policy that covers your responsible investment approach.

01.2. Indicate the components/types and coverage of your policy.

Select all that apply

Policy components/types

Coverage by AUM

01.4. Indicate what norms you have used to develop your investment policy that covers your responsible investment approach.

01.6. Provide a brief description of the key elements, any variations or exceptions to your investment policy that covers your responsible investment approach. [Optional]

The core responsible investment principles we apply in our investment approach include:

- always complying with both the letter and the spirit of the law, wherever it applies;
- ensuring that our investment process takes a responsible approach to investing and recognises the potential - impact of businesses on the environment, workers, communities and society;
- ensuring that we and our investee companies always respect human rights and do not exploit child labour;
- ensuring there is no bribery or corruption in any of our dealings;
- acting with integrity at all times;
- being non-discriminatory (whether on grounds of gender, race or disability), and seeking equality and diversity in our employment practices;
- acting in an environmentally responsible manner, aiming for a sustainable approach to the use of resources and - avoiding irresponsible disposal of hazardous products and unnecessary waste;
- ensuring that our management structures and policies reflect the need for transparency, accountability, equality and probity in the management of our businesses; and
- seeking to comply with ESG guidelines and best practices, and actively managing ESG issues and risks effectively.


SG 02. Publicly available RI policy or guidance documents

New selection options have been added to this indicator. Please review your prefilled responses carefully.

02.1. Indicate which of your investment policy documents (if any) are publicly available. Provide a URL and an attachment of the document.

URL/Attachment

02.4. Additional information [Optional].

The Cinven portfolio guidelines on defining an ESG policy and a reporting framework are not available on our website but we provide to all Fund 5 and Fund 6 portfolio companies; widely distribute to LPs; and make available on a selective basis to other parties e.g. other GPs. In addition we provide ABC guidelines to all portfolio companies post-completion of every new investment we send the portfolio company Board and relevant individuals a comprehensive ESG questionnaire to complete within 6 months which is then assessed by external advisors and a priority action plan developed. The ESG questionnaire has been refined to incorporate Invest Europe's GP ESG DDQ Guidelines.


SG 03. Conflicts of interest

03.1. Indicate if your organisation has a policy on managing potential conflicts of interest in the investment process.

03.2. Describe your policy on managing potential conflicts of interest in the investment process.

Cinven’s only business is managing institutional capital for investments in European buyouts. As such, no conflicts of interest are anticipated among the individuals or organisations that comprise the Cinven group.

Procedures for the management of conflicts of interest are incorporated into the Limited Partnership Agreements under which the Cinven Funds are established. Specifically there are strict guidelines relating to any potential conflicts of interest between separate Cinven Funds and between the Cinven Funds and the Manager or Advisers.

While Cinven does not anticipate that any conflicts of interest will occur, an Advisory Committee is appointed, comprising representatives of the Limited Partners. The Advisory Committee shall be consulted by the Manager with respect to issues involving potential conflicts of interest in the event they do occur. The members of the Advisory Committee shall not take part in the management of the fund’s business. 

03.3. Additional information. [Optional]


SG 04. Identifying incidents occurring within portfolios (Private)


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