The concept of responsible investing ("RI") refers to an approach that explicitly recognises the relevance of environment, social and governance ("ESG") factors in the investment decision making process. As an asset class, private equity is particularly suited to the application of RI as a result of its long-term investment horizons and active ownership style.
Bowmark recognises the importance of RI and of developing sustainable businesses through the proactive management of ESG issues. Specifically, we understand the need to ensure that the management of ESG factors is embedded within our investment evaluation and ongoing portfolio management processes, as outlined in this policy.
Bowmark commits to consider material ESG issues in the course of its due diligence, and in the ongoing monitoring, of portfolio investments. For these purposes, material ESG issues are defined as those issues that have, or have the potential to have, a direct substantial impact on an organization’s ability to create, preserve, or erode economic value, as well as environmental and social value for itself and its stakeholders (including its employees).