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Abac Solutions Manager S.à r.l.

PRI reporting framework 2019

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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

Example 1

          Does the company have initiatives in place to reduce paper and packaging usage? Show % reduction vs. previous year and top 3 projects in place
        

Example 2 (optional)

          Does the company have initiatives in place to reduce water usage? Show % reduction vs. previous year and top 3 projects in place
        

Example 3 (optional)

          Does the company have initiatives in place to reduce electricity consumption? Show % reduction vs. previous year and top 3 projects in place
        

List up to three example targets of social issues

Example 1

          % women employees and % women in management committee
        

Example 2 (optional)

          % employee attrition and % voluntary attrition
        

Example 3 (optional)

          Number of accidents and % of accidents with medical leave
        

List up to three example targets of governance issues

Example 1

          % independent directors and % women directors
        

Example 2 (optional)

          Existance of a code of conduct
        

Example 3 (optional)

          Existance of an audit, a nomination and a remuneration committee
        

09.4. Additional information. [Optional]

Consistent set of KPIs defined for all portfolio companies as part of 100-day plan and reported in Board of Directors meetings on a quarterly basis


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]

Identified issues during due diligence are used to elaborate an ESG guideline for each portfolio company. Revamp of existing ESG/sustainibility policy to Abac's standards is included in the 100-day plan; completion of this initiative is monitored by the Board of Directors


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

11.1. Indicate the types of actions taken by your portfolio companies to incorporate ESG issues into operations and what proportion of your portfolio companies have implemented these actions.

Types of actions taken by portfolio companies

Implemented by percentage of portfolio companies

(in terms of total number of portfolio companies)

Implemented by percentage of portfolio companies

(in terms of total number of portfolio companies)

Implemented by percentage of portfolio companies

(in terms of total number of portfolio companies)

Implemented by percentage of portfolio companies

(in terms of total number of portfolio companies)

Implemented by percentage of portfolio companies

11.2. Describe how your organisation contributes to the portfolio companies’ resourcing and management of ESG issues.

- Regular communication of why ESG matters are important to Abac, through secondment of investment professional in portfolio company (typically in the first months after closing an investment) and during Board of Directors meetings

- Appointment of an ESG Champion at portfolio companies to coordinate ESG initiatives implementation, report on ESG performance and to be the person of contact to discuss / share best practices on ESG matters with Abac

- Encouragement at Board of Directors level to adhere to ESG guidelines such as UN Global Compact (2 portfolio companies already signatories)


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

12.1. Indicate the type and frequency of reports you request and/or receive from portfolio companies covering ESG issues.

Type of reporting 

Typical reporting frequency 

12.2. Describe what level of reporting you require from portfolio companies, and indicate what percentage of your assets are covered by ESG reporting.[OPTIONAL]

- ESG KPIs and status of ESG initiatives reported to Abac on a quarterly basis by 100% of portfolio companies

- Year review of ESG initiatives reported to Abac annually by 100% of portfolio companies

- Business cases on ESG initiatives reported ad-hoc at Board of Directors meetings

 


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


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