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Ninety One

PRI reporting framework 2020

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Outputs and outcomes

PE 14. ESG issues affected financial/ESG performance

14.1. Indicate whether your organisation measures how your approach to responsible investment in Private Equity investments has affected financial and/or ESG performance.

Describe the impact on:
Impact
Financial performance of investments
Describe the impact on:
Impact
ESG performance of investments

14.2. Describe how you are able to determine these outcomes.

We measure the following:

  • Improvement in lost time ratios
  • Awarding of larger contracts
  • Reduced resource costs (water and electricity)
  • Reduction in staff turnover
  • Certification of systems
  • Gender diversity
  • Training expenditure and number of employees trained
  • Additional client mandates or client audits.

PE 15. Examples of ESG issues that affected your PE investments

15.1. Provide examples of ESG issues that you identified in your potential and/or existing private equity investments during the reporting year.

Investment Stage
ESG issues

ESG issues

          No operational licence to operate was in place in 5 stores
        
Sector(s)
          Consumer discretionary
        
Impact (or potential impact) on the investment

The stores could be shut down and not allowed to operate.

Activities undertaken to influence the investment and its response

This action item was included as a CP and the company had to apply for the licence to operate for all 5 stores. Once this was in place, the investment could be completed.

Investment Stage
ESG issues

ESG issues

          Fire safety
        
Sector(s)
          Education
        
Impact (or potential impact) on investment

Lack of fire equipment was identified throughout the campus and this could result in fatalities and damage to the facilities. 

Activities undertaken to influence the investment and its response

A fire Safety Consultant was brought in to identify the areas that required fire extinguishers and fire hoses. Following this, fire emergency drills were conducted. 

Investment Stage
ESG issues

ESG issues

          Security safety
        
Sector(s)
          Telecommunications
        
Impact (or potential impact) on investment

A number of security guards were targeted due to the equipment on site. This results in potential fatalities and injuries and lose of assets.

Activities undertaken to influence the investment and its response

Increased security training was provided, a strict no engage policy was developed so that the security guard could call for help. Cameras were also placed to provide additional security. 

Investment Stage
ESG issues

ESG issues

          Driving safety
        
Sector(s)
          Logistics
        
Impact (or potential impact) on investment

Unsafe driving of trucks can result in fatalities to both drivers and civilizations. Damage to trucks and cargo can also be affected. 

Activities undertaken to influence the investment and its response

All drivers undertake defensive driving courses. Trucks are equipped with GPS and speed limiters. Regular maintenance is conducted and recorded on each truck.

15.2. Describe how you define and evaluate the materiality of ESG factors.

Materiality is assessed based on the companies operations and risk exposure. The IFC performance standards and sector standards highlight key areas for consideration. Third party consultants are also commissioned to assess risks and provide an analysis of company’s risk exposure and current mitigation measures. If the company is required to make adjustments these are included in action plans and presented to the board for review, costing and delegation of responsibility within the company.


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