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Bowmark Capital

PRI reporting framework 2020

You are in Strategy and Governance » Investment policy

投資ポリシー

SG 01. RI policy and coverage

この指標には新しい設問が追加されています。事前に入力されている回答を精査してください。

01.1. 責任投資アプローチをカバーする投資ポリシーを策定しているかどうかを明示してください。

01.2. ポリシーの構成要素/種類と対象範囲を示してください。

当てはまるものをすべて選択してください。
ポリシーの構成要素/種類
AUMの対象範囲

01.3. 投資ポリシーが以下のどの項目をカバーしているか明示して下さい:

01.4. 組織の投資原則および全体の投資戦略、受託者義務(または同等のもの)の解釈、ならびに、ESGファクターおよび実体経済の影響をどのように考慮に入れているかについて説明してください。

Bowmark’s investment strategy is to make active investments in UK mid-market companies, with the aim of generating superior investment returns through fundamental value creation, driven by sales and profit growth. The investment strategy has four key elements being

  • a focus on transformational growth;
  • proactive deal origination in target sectors;
  • high impact investing; and
  • a disciplined and conservative investment philosophy.

Underpinning this strategy, we carefully consider our fiduciary duties and the ESG credentials of any companies in which we invest, as outlined below.

01.5. 責任投資アプローチをカバーする組織の投資ポリシーの重要な構成要素、バリエーション、例外事項を簡潔に説明してください。[任意]

Bowmark has a ESG specific policy that sets out our approach to responsible investment. This policy is consistent with our overall investment policy which focuses on identifying the highest quality businesses and undertaking rigorous due diligence before completing a potential investment.

The objectives of Bowmark’s ESG policy are to ensure that the firm i) acts at all times as a good corporate citizen, ii) enhances the successful development of the businesses in which it invests, and iii) is a responsible custodian of its investors’ capital.

In particular, its objectives are to ensure that the firm:

  • fully explores environmental, public health, safety, social and governance issues associated with target companies when evaluating whether to invest;
  • monitors and continuously improves the ESG credentials of the companies in which it invests;
  •  uses governance structures to provide appropriate levels of oversight in the areas of audit, risk management, and potential conflicts of interest, and to ensure alignment with the interests of other investors and management;
  •  supports the employees of Bowmark portfolio companies through the provision of a safe and healthy workplace and the payment of competitive wages and benefits;
  • respects the human rights of those affected by Bowmark’s investment activities; and
  • provides timely information on ESG matters to Bowmark’s limited partners, and works to foster transparency about Bowmark’s activities in this field.

We recognise that strong governance and ethical business practices create shareholder value, as well as enabling a positive contribution to the wider community and society as a whole.

01.6. 補足情報 [任意]

          
        

SG 01 CC. Climate risk

01.6 CC. 投資期間において特定され、組織の投資戦略・商品に組み込まれている気候関連のリスクおよび機会について記述してください。

特定された気候関連の移行リスク・物理的リスクおよび機会、ならびに投資戦略・商品にそれらがどのように組み込まれているかを説明してください。(500 語以内で自由に記載)

Assessment of climate-related risks now forms part of our due diligence for new investments, and a review of the relevant risks regarding the current portfolio is underway. They key areas of risk identified are: 

Transitional

  • Government policy and legal obligations
  • Technology and investment
  • Market disruption
  • Reputational

Physical

  • One-off extreme weather
  • Chronic long term climate changes

The Bowmark portfolio is principally comprised of service businesses and thus the more material risks relate to the transitional elements.

01.7 CC. 組織はそれら気候リスクの可能性および影響を評価しましたか?

これらのリスクおよび機会に関連する時間の尺度について説明してください。(500語以内)

Each portfolio company has completed an informal assessment of climate-related risks and opportunities as part of their wider ESG planning. During 2020, these assessments are being formalised into a standard format.

Generally, the risks are long-term in nature, other than a small number of instances where company's operate properties that are exposed to flooding risks. Where this is the case, contingency plans have been developed.

01.8 CC. 組織はTCFDを公式に支持しますか?

01.9 CC. 重大な気候関連リスクおよび機会を特定・管理する組織全体の戦略がありますか?

説明してください。

Each portfolio company is in the process of completing a standardized assessment of climate related risks

1.10 CC. TCFD開示を発表するために組織が使用する文書/通信を示してください。


SG 02. Publicly available RI policy or guidance documents

この指標には新しい設問が追加されています。事前に入力されている回答を精査してください。

02.1. 一般に入手できる組織の投資ポリシー文書を記載してください。その文書のURLを記入し、該当文書を添付してください。

URL/添付ファイル

URL/添付ファイル

02.2. 一般に入手できる組織の投資ポリシー文書を記載してください。その文書のURLを記入し、該当文書を添付してください。

URL/添付ファイル

URL/添付ファイル

URL/添付ファイル

URL/添付ファイル

URL/添付ファイル

02.3. 補足情報 [任意]


SG 03. Conflicts of interest

03.1. 組織として、投資プロセスにおける潜在的な利益相反を管理するポリシーを策定しているかどうかについて明示して下さい。

03.2. 投資プロセスにおける潜在的な利益相反を管理するポリシーについて説明してください。

The Compliance Officer acts as the central co-ordination point in relation to conflicts of interest. Accordingly, any actual or potential conflict of interest,  is reported to the Compliance Officer.

Upon receipt of a notification of potential or actual conflict, the Compliance Officer will manage the conflict by:

  • Logging the conflict on the Conflicts of Interest Register; and
  • Assessing the conflict to determine whether it is a perceived rather than actual conflict, and one in relation to which no further action is required or a conflict which does not have a commercial impact on the Firm, whereby, the Compliance Officer will resolve and manage such conflict in the client‘s best interests.

In most cases, conflicts will be resolved by the Compliance Officer in one of the following ways:

  • An acknowledgement that existing controls are sufficient to mitigate the conflict. An example here might be where established Chinese walls exist, or where the individuals concerned are subject to a policy of independence;
  • Implementation of additional control measures specific to the conflict concerned;
  • Declining to act for the client concerned; or
  • Disclosure of the conflict to the parties concerned and seeking their consent to continue with the transaction.

 

03.3. 補足情報 [任意]


SG 04. Identifying incidents occurring within portfolios (Private)


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