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Bridgepoint

PRI reporting framework 2019

You are in Strategy and Governance » Investment policy

Investment policy

SG 01. RI policy and coverage

New selection options have been added to this indicator. Please review your prefilled responses carefully.

01.1. Indicate if you have an investment policy that covers your responsible investment approach.

01.2. Indicate the components/types and coverage of your policy.

Select all that apply

Policy components/types

Coverage by AUM

          Portfolio engagement and active ownership
        
          Reporting on ESG performance
        

01.3. Indicate if the investment policy covers any of the following

01.4. Describe your organisation’s investment principles and overall investment strategy, interpretation of fiduciary (or equivalent) duties,and how they consider ESG factors and real economy impact.

Our aim is to deliver attractive returns to our investors by investing responsibly in companies and building stronger, broader-based businesses with greatly enhanced long-term growth potential.

Bridgepoint funds invest in well-managed companies, typically taking controlling or large minority stakes. We are attracted by opportunities in sectors and niches with strong underlying growth and global competitive advantage or in cash generative businesses with high visibility of earnings.

We are driven by a set of values about how we do business and treat people, underscored by our duty to invest responsibly. These are shared across our Firm and are fundamental to our professional and personal conduct. We believe they define us and help us maintain the highest levels of corporate governance and apply the highest standards of professionalism across Bridgepoint. Our values are focused around us being performance-driven, thoughtful and straightforward.

To support our investment strategy we have established a strong set of ESG principles which we believe are in the long term interests of our investors, employees and portfolio companies. 

01.5. Provide a brief description of the key elements, any variations or exceptions to your investment policy that covers your responsible investment approach. [Optional]

During 2018 we reviewed and updated our Responsible Investment policy, which was approved by the Bridgepoint Group Board in April 2018. No material changes were made to our overall approach, with some minor amendments made to clarify our core principles and focus areas. Our core ESG principles are:

  1. To build long-term sustainable businesses, delivering attractive returns to investors in a responsible manner;
  2. To ensure strong ESG principles are incorporated into the Firm's investment disciplines for acquiring new businesses and during the fund's ownership;
  3. To apply rigorous governance standards to the operation of the Firm and portfolio, ensuring management structures facilitate transparency and accountability;
  4. To encourage diversity and equality throughout the Bridgegepoint workforce and those of portfolio companies, and respect international standards on human rights; and 
  5. To provide adequate resources to support the implementation of Bridgepoint's Responsible Investment Policy.

For more information about our approach to responsible investment and how we integrate ESG factors into our business and investment decisions, please refer to our latest Annual Review, available here:

http://www.bridgepoint.eu/en/news/annual-review/

 

01.6. Additional information [Optional].

          
        
I confirm I have read and understood the Accountability tab for SG 01 I confirm I have read and understood the Accountability tab for SG 01

SG 01 CC. Climate risk (Private)


SG 02. Publicly available RI policy or guidance documents

New selection options have been added to this indicator. Please review your prefilled responses carefully.

02.1. Indicate which of your investment policy documents (if any) are publicly available. Provide a URL and an attachment of the document.

URL/Attachment

URL/Attachment

URL/Attachment

URL/Attachment

Other, specify (1) description

          Engagement with portfolio company management teams on ESG matters
        

URL/Attachment

Other, specify (2) description

          Reporting on ESG performance in our Annual Review
        

URL/Attachment

02.2. Indicate if any of your investment policy components are publicly available. Provide URL and an attachment of the document.

URL/Attachment

URL/Attachment

URL/Attachment

URL/Attachment

URL/Attachment

02.3. Additional information [Optional].

In 2018, Bridgepoint published its latest modern slavery statement, which is available on our website (http://www.bridgepoint.eu/media/2609735/2018_modern_slavery_statement.pdf).

 


SG 03. Conflicts of interest

03.1. Indicate if your organisation has a policy on managing potential conflicts of interest in the investment process.

03.2. Describe your policy on managing potential conflicts of interest in the investment process.

Bridgepoint has internal guidelines and policies to manage conflicts of interest (including a Conflicts of Interest Policy), taking into account our fund management obligations and fiduciary duties.

Bridgepoint's senior management is involved in identifying all potential conflicts of interest between Bridgepoint, its Funds, its investors and portfolio companies and ensuring that appropriate processes are in place to mitigate, manage and review any potential conflicts should they arise.

On each transaction the relevant Investment Team has to complete a Deal Signing Form prior to making a binding commitment to acquire the asset. This form includes confirmation that potential conflicts of interest have been considered and, if appropriate, mitigated/managed.

Wherever we need to address conflicts, we do it with integrity and professionalism. Each Bridgepoint fund also has an Investors' Committee that discusses the fund's investment strategy or performance and any potential or actual conflicts of interest.

03.3. Additional information. [Optional]


SG 04. Identifying incidents occurring within portfolios (Private)


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