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Access Capital Partners

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

          Environmental management system
        

Example 2 (optional)

          Formalized environmental actions
        

Example 3 (optional)

          Carbon footprint assessment
        

List up to three example targets of social issues

Example 1

          Headcount evolution / Staff turnaround
        

Example 2 (optional)

          Health, safety and training plan for employees and social impact
        

Example 3 (optional)

          Social litigations, redundancy plan
        

List up to three example targets of governance issues

Example 1

          Supervisory Board members and independence, governance structure and quality of supervision
        

Example 2 (optional)

          Internal procedures covering child labour and forced labour, bribery and money laundering
        

Example 3 (optional)

          Business ethics litigation
        

09.4. Additional information. [Optional]

The ESG framework developed for the fund of funds activity includes an annual assessment covering 30 KPIs at portfolio company level: Prior to each fund investment, Access undertake to analyze thoroughly how the GP deals with environmental issues, how they address social items and how aligned are the management teams with shareholders and investors. Fund managers selected by Access will agree through a side letter their own commitment to ESG and use best efforts to integrate ESG criteria to the management of the fund. KPIs are divided into 5 categories:


❖ CSR management (4 KPIs)

❖ Environment (5 KPIs)

❖ Social (12 KPIs)

❖ Governance (8 KPIs)

❖ Sustainable sourcing ( 1 KPIs)

 


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]

General Partners are more and more involved in ESG issues and tend to integrate best practises in portfolio companies. Each year, Access assesses progress that have been made the previous year. The implementation of a specific ESG policy or charter is constantly increasing.

Access maintains an ongoing dialogue with fund managers and therefore has the opportunity to ensure that adequate governance and SRI action plan are implemented within its GPs community. 

Since 2008, Access has never committed to a fund managed who had formally refused to engage with the ESG matter.


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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