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Permira Holdings Limited

PRI reporting framework 2020

You are in Strategy and Governance » Promoting responsible investment

Promoting responsible investment

SG 09. Collaborative organisations / initiatives

09.1. Select the collaborative organisation and/or initiatives of which your organisation is a member or in which it participated during the reporting year, and the role you played.

Select all that apply

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Permira is a signatory to the United Nations-supported Principles for Responsible Investment (PRI). PRI provides a useful framework for progressing the integration of ESG into the investment processes of the Permira private equity funds and the PDM private credit funds.

In 2018/2019, Permira Debt Managers contributed to the development of a new PRI Guide: 'Spotlight on Responsible Investment in Private Credit' (2019). In previous years, Permira was involved in a working group supporting the development of PRI's Guidance on ESG monitoring, reporting and dialogue in private equity (2018). The guide was designed to align GP and LP approaches and expectations on monitoring and reporting. 

 

 

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Adinah Shackleton, Permira’s Head of ESG, has been an active member of the BVCA’s Responsible Investment Advisory Group since 2016, and chaired the group during 2018 and 2019. Through the BVCA and this Group, Permira has:

  • Developed and delivered training sessions on ESG as part of the BVCA Private Equity Foundation course, training the next generation of investment professionals
  • Contributed to developing the BVCA's Guide to Responsible Investment for BVCA members
  • Supported the development of the BVCA Responsible Investment e-Learning Course as a Founding Member

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Adinah Shackleton has been an affiliate member of the Invest Europe Responsible Investment Roundtable since 2017.  In 2018/19, she was involved in the consultation on the recommendations of the High-Level Expert Group on Sustainable Finance. These recommendations support the European Commission in developing its strategy and roadmap on sustainable finance. 

          UK “Guidelines for Disclosure and Transparency in Private Equity” (formerly the Walker Guidelines)
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Permira was engaged in the development of the UK "Guidelines for Disclosure and Transparency in Private Equity" (formerly the "Walker Guidelines") and was an early adopter of its recommendations. In 2019, no Permira funds' portfolio companies met the reporting thresholds for the "Guidelines for Disclosure and Transparency in Private Equity".


SG 09.2. Assets managed by PRI signatories (Not Applicable)


SG 10. Promoting RI independently

10.1. Indicate if your organisation promotes responsible investment, independently of collaborative initiatives.

10.2. Indicate the actions your organisation has taken to promote responsible investment independently of collaborative initiatives. Provide a description of your role in contributing to the objectives of the selected action and the typical frequency of your participation/contribution.

Description

          Permira is involved in the BVCA RI Working Group which helps shape RI training for Investment Professionals.
        

Frequency of contribution

Description

          In 2019 Adinah Shackleton worked with AIFI, the Italian Private Equity, Venture Capital and Private Debt Association to help develop their ESG guidelines. Permira Debt Managers also contributed to the development of a new PRI Guide: 'Spotlight on Responsible Investment in Private Credit' (2019).
        

Frequency of contribution

Description

          During 2019, Permira attended PRI in Person and participated in a number of ESG-related panels (further details below)
        

Frequency of contribution

Description

          Permira encourages adoption of PRI through conference speaking slots and other external communications (further details below).
        

Frequency of contribution

Description

          During 2019, articles included thought leadership pieces with the BVCA on Permira's approach to integrating ESG in the investment process.
        

Frequency of contribution

Description

          Permira Debt Managers contributed to the development of a new PRI Guide: 'Spotlight on Responsible Investment in Private Credit' (2019).
        

Frequency of contribution

10.3. Describe any additional actions and initiatives that your organisation has taken part in during the reporting year to promote responsible investment [Optional]

In order to actively promote responsible investment in the industry and support in shaping the evolving ESG agenda, Permira participates in panels at conferences and thought leadership opportunities more broadly. For example, in 2019, Permira presented on a panel at the Private Equity International (PEI) Responsible Investment conference in London on Reputational Risk. 


SG 11. Dialogue with public policy makers or standard setters (Private)


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