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Montefiore Investment

PRI reporting framework 2018

You are in Direct – Private Equity » Pre-investment (selection)

Pre-investment (selection)

PE 05. Incorporating ESG issues when selecting investments

05.1. During due-diligence indicate if your organisation typically incorporates ESG issues when selecting private equity investments.

05.2. Describe your organisation's approach to incorporating ESG issues in private equity investment selection.

ESG issues are taken into account at deal entry and ESG due diligence is conducted on all new deals, both to avoid risks and as a selection criteria. Anticipating and understanding ESG dynamics is an important part of value‐creation and post-closing development of portfolio companies.

Due to our sector focus, a particular emphasis is put ith a special focus on social criteria impacting positively or negatively the companies' human capital (e.g. training, strike days, absence rate, work accidents, corporate responsibility, employee satisfaction, ...).

The 56-criteria grid that we use for our ESG monitoring is used during that phase as a checklist to identify specific issues to be investigated on by further due diligence.

ESG is integrated, where applicable, is the wider process where each investment is the subject of reference checking and due diligence of management and of commercial, accounting, tax, legal, social and environmental issues relating to the target company.

Furthermore, ESG is integrated, where applicable in the 100-day integration post investment plan.

 

05.3. Additional information. [Optional]


PE 06. Types of ESG information considered in investment selection

06.1. Indicate what type of ESG information your organisation typically considers during your private equity investment selection process.

06.2. Describe how this information is reported to, considered and documented by the Investment Committee or similar.

Investment Memorandum contains ESG section


PE 07. Encouraging improvements in investees (Private)


PE 08. ESG issues impact in selection process (Private)


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