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Pacific Equity Partners

PRI reporting framework 2020

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Post-investment (monitoring)

PE 09. Proportion of companies monitored on their ESG performance

09.1. Indicate whether your organisation incorporates ESG issues in investment monitoring of portfolio companies.

09.2. Indicate the proportion of portfolio companies where your organisation included ESG performance in investment monitoring during the reporting year.

 (in terms of total number of portfolio companies)

09.3. Indicate ESG issues for which your organisation typically sets and monitors targets (KPIs or similar) and provide examples per issue.

ESG issues

List up to three example targets of environmental issues

Example 1

          Resource efficiency/ sustainability initiatives at extraction, process and packaging facilities in Manuka Health were very important
        

Example 2 (optional)

          Increased Sustainability in packaging is a key objective for one of our Consumer Food Businesses
        

Example 3 (optional)

          
        

List up to three example targets of social issues

Example 1

          Consumer Health and Safety
        

Example 2 (optional)

          Staff retention and engagement
        

Example 3 (optional)

          In an education business: •	Board reporting of escalated student welfare incidents: commentary and response was enhanced
        

List up to three example targets of governance issues

Example 1

          Safety regulations for Factory operations - any injuries are recorded, compared to prior periods, changes are investigated to ensure Staff safety and regulations are adhered to.
        

Example 2 (optional)

          Food Safety regulation are reviewed regularly to ensure proper processes are maintained and to provide improvement where necessary.
        

Example 3 (optional)

          Privacy regulations with respect to confidential data  are reviewed continually, system testing for cyber theft is ongoing. Comparison to prior periods and industry norms.
        

09.4. Additional information. [Optional]

We do not always set targets, it depends on the area of review. We do continually monitor risks via our risk matrix process at the Board level. If there is an area that needs closer review then targets may be set to monitor against. We will determine the best course of action for the specific area under review.

Where possible, targets are set, reviewed and reconsidered to ensure best practice.


PE 10. Proportion of portfolio companies with sustainability policy

10.1. Indicate if your organisation tracks the proportion of your portfolio companies that have an ESG/sustainability-related policy (or similar guidelines).

10.2. Indicate what percentage of your portfolio companies has an ESG/sustainability policy (or similar guidelines).

(in terms of total number of portfolio companies)

10.3. Additional information. [Optional]

Our portfolio Companies have Policies and Guidelines that apply to many components of ESG, ie Harrassment and Bullying Policies, Employee Health and Safety, Biological and Consumer Food Waste management, Diversity and flexible work polices etc.

From a governance level the Board reviews the need for reporting against these policies, and also the need for additional policies, in line with the industry they each operate within in and the risks and opportunities that each company takes. In other words, each Company has a tailored approach to ESG guidelines and policies.


PE 11. Actions taken by portfolio companies to incorporate ESG issues into operations

11.1. Indicate the types of actions taken by your portfolio companies to incorporate ESG issues into operations and what proportion of your portfolio companies have implemented these actions.

Types of actions taken by portfolio companies

Implemented by percentage of portfolio companies

(in terms of total number of portfolio companies)

Implemented by percentage of portfolio companies

(in terms of total number of portfolio companies)

Implemented by percentage of portfolio companies

(in terms of total number of portfolio companies)

Implemented by percentage of portfolio companies
Implemented by percentage of portfolio companies

11.2. Describe how your organisation contributes to the portfolio companies’ resourcing and management of ESG issues.

The ESG process is reviewed at a Board level and where required we will provide guidance and resourcing as necessary depending on each Portfolio Company's specific needs.

We do not have Operating Partners who work within or with our businesses. Our model is to recruit a CEO and CFO who can run the business with full responsibility - reporting to the Board. PEP MDs will have a majority of Board seats. The PEP Board members will work closely with the CEO, but believes it is important to allow the CEO to run the business.

During 2018 we had an ESG Consultant present to the CFOs of our Portfolio Companies to enhance their knowledge in this area. External experts are engaged where the necessary skill set is not available in house.


PE 12. Type and frequency of reports received from portfolio companies

12.1. Indicate the type and frequency of reports you request and/or receive from portfolio companies covering ESG issues.

Type of reporting 

Typical reporting frequency 

12.2. Describe what level of reporting you require from portfolio companies, and indicate what percentage of your assets are covered by ESG reporting.[OPTIONAL]

The Board reports of all Portfolio Companies include material items with respect to ESG, including Health and Safety data 


PE 13. Disclosure of ESG issues in pre-exit (Private)


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