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Universities Superannuation Scheme - USS

PRI reporting framework 2018

Export Public Responses

You are in Direct – Private Equity » Post-investment (monitoring)


PE 09. Proportion of companies monitored on their ESG performance

09.1. 組織がポートフォリオ構成企業の投資モニタリングにESG問題を組み入れているかどうかを明示してください。

09.4. 補足情報 [任意]

Members of the Private Markets team sit on the boards of directly held assets, or for co-investments the advisory boards of funds where USS invests.

As outlined above, the scheme enhanced the systematic ESG monitoring processes for direct assets during the year. The new process complements the on-going programme of dedicated ESG deep-dive meetings which focus on the specific ESG concerns for each asset. See PE1.1 for further details.

Additionally, the RI team have met with other asset owners who are joint owners of privately held assets and coordinated joint site visits to discuss ESG matters at the scheme's directly held assets in the past.  There are plans to repeat such joint meetings in the future. 

With regards to co-investments, the RI team also meets regularly with its private equity GP's to discuss co-investments (and fund investments which are reported as indirect investments under the SAM section) and how RI is being implemented.  Where ESG issues arise, USS will engage with the GP or management to understand the concerns and ensure they are being addressed by management and/or the GP appropriately. Due to the nature of the GP/LP relationship, USS does not engage directly with co-investment assets.


PE 10. Proportion of portfolio companies with sustainability policy (Not Applicable)

PE 11. Actions taken by portfolio companies to incorporate ESG issues into operations (Not Applicable)

PE 12. Type and frequency of reports received from portfolio companies (Not Applicable)

PE 13. Disclosure of ESG issues in pre-exit

13.1. 報告年度に、プライベートエクイティ投資をエグジットする前に、組織がESG問題に関する情報を潜在的な買い手に開示したかどうかを記載してください。

13.2. 開示以外に、エグジット時に組織がESG問題をどのように考慮しているかを説明してください。

13.3. 補足情報 [任意]