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Intermediate Capital Group plc

PRI reporting framework 2018

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Post-investment (monitoring)

PE 09. Proportion of companies monitored on their ESG performance

09.1. Indicate whether your organisation incorporates ESG issues in investment monitoring of portfolio companies.

09.2. Indicate the proportion of portfolio companies where your organisation included ESG performance in investment monitoring during the reporting year.

 (in terms of total number of portfolio companies)

09.3. Indicate ESG issues for which your organisation typically sets and monitors targets (KPIs or similar) and provide examples per issue.

ESG issues

List up to three example targets of environmental issues

          Has the target company developed a sustainability policy (or equivalent, e.g. a corporate responsible policy, an environmental policy) that applies across its business?
        
          Has the company established a system for managing its environmental impacts? If yes, is this certified to a recognised standard such as ISO, EMAS...?
        
          Does the company assess its carbon footprint? If yes, what was the outcome of the assessment?
        

List up to three example targets of social issues

          Has the company been faced with any litigation on social or related matters over the past year? (e.g. harassment, discrimination complaints etc.)
        
          Number of days lost due to work accident, sickness or strike at the end of the last two fiscal years
        
          Has the company set up a profit-sharing system for its employees?
        

List up to three example targets of governance issues

          Does the company have an anti-bribery policy in place?
        
          Does the Board of Directors include at least one independent member?
        
          What is the gender breakdown (male/female) of the Board of Directors?
        

09.4. Additional information. [Optional]

Following our decision to invest, we routinely monitor any material ESG issues we identified in our due diligence and pre-investment processes. We aim to ensure that these, as well as any new or emerging ESG issues, are appropriately addressed by the company, and are reflected in our valuations and in our subsequent investment decisions. We do not typically set formal targets or expectations for companies but monitor key parameters as detailed above.

 


PE 10. Proportion of portfolio companies with sustainability policy

10.1. Indicate if your organisation tracks the proportion of your portfolio companies that have an ESG/sustainability-related policy (or similar guidelines).

10.2. Indicate what percentage of your portfolio companies has an ESG/sustainability policy (or similar guidelines).

(in terms of total number of portfolio companies)

10.3. Additional information. [Optional]

In calendar year 2017, ICG surveyed its European, Asia-Pacific and North American holdings on their approach to the management of ESG issues. Amongst other questions, the survey asked whether the company had conducted an assessment of the business risks and opportunities associated with environmental and social issues, whether the company had adopted a sustainability policy, whether the company had assigned responsibilities for ensuring that it complied with the policy, whether the company had established a social and environmental issues management system, and whether the company had set performance improvement targets.  The results of this survey will be used to establish a baseline for the companies in ICG’s investment portfolios, and to identify priority areas for improvement in the management of social and environmental issues. The response rate above reflects the percentage of companies that responded to ICG's annual ESG survey and have developed a sustainability policy, or equivalent. Of the portfolio companies that have not, ICG have engaged with a number of them to develop a policy in 2018.


PE 11. Actions taken by portfolio companies to incorporate ESG issues into operations (Private)


PE 12. Type and frequency of reports received from portfolio companies (Private)


PE 13. Disclosure of ESG issues in pre-exit (Private)


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