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Zouk Capital

PRI reporting framework 2019

You are in Direct – Private Equity » Fundraising of private equity funds

Fundraising of private equity funds

PE 03. Fund placement documents and RI

03.1. Indicate if your most recent fund placement documents (private placement memorandums (PPM) or similar) refer to responsible investment.

03.2. Indicate how your most recent fund placement documents (PPM or similar) refer to the following responsible investment:

03.3. Describe how your organisation refers to responsible investment in fund placement documents (PPMs or similar). [Optional]

Commitment to Sustainability and ESG

Zouk views sustainability and ESG considerations as core drivers for superior investment performance and risk mitigation. Zouk first started formalising its ESG practices in 2006 and has regularly improved upon and updated this knowledge base, which is now incorporated into Zouk’s ESG Policy manual. Today, Zouk’s ESG Policy continues to build on years of thought leadership and investment experience in sustainability and aims to continually incorporate industry best practices.

Our PPM has a dedicated section describing our history of committing to responsible investing, an overview of our ESG-related policies and methodologies and their application across all stages of the investment cycle, examples of metrics used for ESG reporting, and a summary of key findings of recent independent third party ESG assessments performed on our portfolio.

ESG factors are taken into account from the initial screening of opportunities, where an initial checklist is used to evaluate opportunities. During due diligence, further risk factors are taken into account and, if change is required to improve upon a company’s ESG performance, Zouk negotiates these to be factored into the investment agreement. During ownership, Zouk uses its voting rights and collaboration with other investors to influence management, monitoring progress against set targets. Upon exit, and where practical, if any remaining ESG concerns are still active, Zouk highlights these to a buyer.

ESG and Investment Process

Initial screening

Objective: Examine investment opportunity against ESG policies and exclusions

Zouk Framework: Ethical Investment Exclusions 

Due Diligence

Objective:a) Evaluate new investments from the ESG perspective and b) Assess the quality of ESG management systems

Zouk Framework: Sustainable Impact Assessment adn ESG Risk Assessment 

Investment Decision

Objective:a) Disclose key ESG findings in the investment paper and b) Prepare an action plan for sustainability improvements with timeframe and cost estimates*

Zouk Framework: Sustainable Impact Assessment adn ESG Risk Assessment 

Investment Aggreement 

Objective:Agree on a 100 day ESG action plan with management of Investee Company

Zouk Framework: Sustainable Impact Assessment adn ESG Risk Assessment 

Monitoring

Objective: a) Monitor progress on ESG / action plan and b) Communicate sustainability management through annual reports

Zouk Framework: Impact Monitoring, ESG Risk Monitoring and Reporing 

Exit 

Objective: Consider ESG developments under new ownership

Zouk Framework: Impact Monitoring, ESG Risk Monitoring and Reporing 

 


PE 04. Formal commitments to RI (Private)


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