Given our investment process and focus on sustainability and climate materiality, our portfolio companies are inherently aligned with us on ESG issues, and welcome and seek our guidance in measuring and monitoring their progress, though this is not a formal commitment.
Our portfolio companies often seek our guidance in terms of promoting and measuring ESG initiatives.
We launched an Impact Tracking initiative in 2011 with the objective to encourage our companies to adopt best-in-class emissions measurement as well as a more sophisticated analysis of the impact of their products and services in terms of emissions reduction. As part of the initiative, we engaged with our portfolio companies in order to encourage integrated reporting and best practice emissions management including participation in the Carbon Disclosure Project.
In 2015 we engaged an independent third-party consultant to measure, track and report the ESG impact of each of our current portfolio companies on an annual basis. We use the reports for portfolio management purposes and share the results with our Limited Partners.