Throughout the life of the investment, Permira investment professionals regularly review progress on ESG issues, both against the objectives that are included in the value creation plan and against other relevant criteria that emerge subsequently. Updates are provided, as appropriate, to the Portfolio Review Committee (PRC). The ESG working group is available for support and guidance during these reviews, and more broadly during the holding period. Where issues arise unexpectedly, they are monitored closely by both the investment team and the Head of ESG. Detailed reporting is expected from the company on a real-time basis.
Permira has implemented iLevel, a portfolio monitoring solution, to collect a range of information from portfolio companies, including financial performance metrics. Permira has introduced ESG metrics in iLevel to support portfolio ESG monitoring and reporting. These include a set of core ESG KPIs (applicable to all companies regardless of sector and region) and tailored initiatives. Permira is committed to engaging with portfolio companies to improve both the level of reporting and the quality of data reported by portfolio companies in iLevel.