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Paine Schwartz 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

          Greenhouse Gas Emissions (GHG) Scope 1 and Scope 2

Example 2 (optional)

          Energy Usage (incl. energy mix)

Example 3 (optional)

          Water/Waste (percentage waste sent to landfills, recycled, composted; and percentage of recycled water usage)

List up to three example targets of social issues

Example 1

          H&S (total recordable incident rate)

Example 2 (optional)

          Diversity & Inclusion (percentage female share of total workforce and females in management positions; breakdown of workforce by underrepresented groups)

Example 3 (optional)

          Philanthropic involvement/charitable contributions (financial contributions to community organizations/charities; number of employee volunteer hours)

List up to three example targets of governance issues

Example 1

          Code of Conduct (yes/no—including tracking whether companies have policies related to the following—Corruption and bribery; Discrimination; Confidentiality of information; Antitrust/anti-competitive practices; Money-laundering and/or insider trading/dealing)

Example 2 (optional)

          Stakeholder/Supplier Engagement (percentage of suppliers that have undergone screening for labor/human rights issues)

Example 3 (optional)

          ESG Policy/mgmt. (yes/no). The goal is to have nearly 100% of portfolio companies with an ESG Policy.

09.4. Additional information. [Optional]

The Firm has not established targets for portfolio companies to date; however, following the CY2019 reporting period, the Firm will have baseline data on each portfolio company and will consider establishing more specific goals as applicable. 

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]

ESG has been integrated into the "PSP Way", which is an effort to codify Paine Schwartz Partners' approach to delivering successful outcomes in investments and includes an aspiration for how portfolio companies operate, and how the Firm's various stakeholders work together to achieve common objectives. The PSP Way specifically calls out the need for companies to maintain an ESG policy. This should help drive improvement of the percentage of companies with an ESG policy over time.

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

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

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