Bridgepoint to date has adopted a flexible and practical approach to ESG integration at the portfolio company level, recognising that ESG issues vary considerably across the portfolio, based on companies individual circumstances (i.e. nature of operations), geography and sector they operate in. We have therefore not mandated specific KPIs on companies, rather choosing to work with management to agree KPIs that are materially relevant to each company. As a result, ESG KPIs vary across the portfolio.
However, we acknowledge that there are some common ESG themes that are relevant to the majority of our portfolio, and during 2018, we have continued to encourage our portfolio companies to report on a core set of KPIs, as part of our annual ESG portfolio-wide review.
ESG issues are monitored at the company-level by the Board and regularly by the Bridgepoint Portfolio Management Committee which is responsible for reviewing performance of the companies. In most cases a section on ESG will be included in these papers. As briefly mentioned above, we also monitor ESG performance across the portfolio as part of our annual ESG review which is coordinated by the ESG team.