When sourcing new opportunities, ESG matters are always considered. Clearly defined exclusion criteria together with FSN Capital’s ethos and values, guide deal teams as to which deals not to pursue, and to which deals that will fit into the FSN Fund portfolio. In addition to the above, placing our trust in the management, board and owners and their set of values are fundamental to moving forward on a potential deal. External experts are always engaged as part of the ESG due diligence (DD) process. The scope of the DD will depend on relevant jurisdictions, industry, company specifics and general risk exposure, but always include anti-corruption DD and integrity DD of management are always completed as part of the overall process.