Montagu requires all portfolio companies in which it is the majority investor to include ESG as an item for consideration. Montagu is a minority co-investor in two deals; both of these companies have robust ESG policies and processes.
Historically, Montagu has assessed the ESG performance of its portfolio via an annual questionnaire.
As part of Montagu's ongoing development of ESG monitoring during the reporting period, Montagu has assessed each portolio company in which we are majority shareholders in terms of whether specified policies, procedures and governance structures are in place. Subsequent to the reporting period Montagu is developing a set of key performance indicators that will allow greater objectivity in terms of targets and attainment levels.