This report shows public data only. Is this your organisation? If so, login here to view your full report.

Bowmark Capital

PRI reporting framework 2020

You are in Direct – Private Equity » Pre-investment (selection)

Pre-investment (selection)

PE 05. Incorporating ESG issues when selecting investments

05.1. During due-diligence indicate if your organisation typically incorporates ESG issues when selecting private equity investments.

05.2. Describe your organisation`s approach to incorporating ESG issues in private equity investment selection.

All potential new investments undergo formal ESG due diligence based on Bowmark’s ESG Due Diligence Framework. A summary of key ESG issues and post-investment actions is provided to the Investment Committee, along with the full ESG report which form part of the suite of due diligence documentation. The Investment Committee will then discuss and consider the ESG matters as part of its overall review of the investment.

While most issues arising are typically addressable as part of the post-investment action plan, there are some which Bowmark would consider materially adverse in formulating its investment decision, such as:

 accidents or health and safety incidents leading to serious injury or loss of life;

 accidents or incidents having a negative environmental impact;

 proceedings relating to any serious offence against an employee or officer, including regulatory breaches, dishonesty, fraud, corruption or bribery;

 any actual or alleged involvement in criminal activities; and

 strongly negative media coverage.

In these and other such circumstances, the Investment Committee would likely consider that the ESG-related issues were not capable of being resolved through post-investment actions and hence would elect not to proceed with the transaction.

05.3. Additional information. [Optional]


PE 06. Types of ESG information considered in investment selection

06.1. Indicate what type of ESG information your organisation typically considers during your private equity investment selection process.

06.2. Describe how this information is reported to, considered and documented by the Investment Committee or similar.

All potential new investments undergo formal ESG due diligence based on Bowmark’s ESG Due Diligence Framework.

A summary of key ESG issues and post-investment actions is provided to the Investment Committee, along with the full ESG report which form part of the suite of due diligence documentation. The Investment Committee will then discuss and consider the ESG matters as part of its overall review of the investment.


PE 07. Encouraging improvements in investees

07.1. During deal structuring,what is the process for integrating ESG-related considerations into the deal documentation and/or the post-investment action plan?.

If yes

07.2. Describe the nature of these improvements and provide examples (if any) from the reporting year

Post-investment, the relevant Bowmark investment team will be responsible for:

 implementing the ESG-related actions identified during the due diligence phase;

 instituting periodic review and discussion of the company’s ESG performance at board level;

 where appropriate, ensuring implementation of, and ongoing reporting against, appropriate KPIs; and

 reporting on portfolio company ESG performance as part of Bowmark’s quarterly Portfolio Review meetings.

07.3. Additional information. [OPTIONAL]


PE 08. ESG issues impact in selection process

08.1. Indicate how ESG issues impacted your private equity investment selection processes during the reporting year.

08.2. Indicate how ESG issues impacted your private equity investment deals during the reporting year.

08.3. Additional information. [OPTIONAL]


Top