The Group Board, which includes the Managing Partner, CIO and COO, meets monthly. It is ultimately responsible for ESG across the Firm. In 2018, several ESG-related topics were tabled and discussed as part of the Group Board agenda.
The Investment Advisory Committee and the Portfolio Management Committee, which comprise senior Partners from across the Firm, has ESG oversight responsibilities, primarily relating to to ensuring that the Investment Teams have appropriately factored ESG matters into investment decisions and portfolio monitoring. A dedicated Partner is assigned responsibility for ensuring that ESG issues and opportunities are addressed when discussing new and existing investments.
The ESG & Risk Committee, a sub-committee of the Group Board, is chaired by the chair of Bridgepoint's Advisory Board, and is responsible for setting strategy and objectives for Group Board approval. It is also responsible for overseeing the implementation of the Firm's Responsible Investment policy. It meets quarterly and reports to the Group Board.
The Head of ESG is responsible for leading and coordinating the Firm's ESG activities on behalf of the ESG & Risk Committee. Key roles include but not limited to: drafting policy and strategy, providing information and guidance to the Investment Teams, engaging with portfolio companies and coordinating monitoring of performance across the portfolio companies.
Investment Teams are responsible for ensuring ESG issues are factored into investment appraisals presented to the Investment Advisory Committee and are appropriately considered by the portfolio company management teams, as well as integrated into Bridgepoint's standard Portfolio Management Committee process.