Bregal funds aim to support our management teams in building and growing high-quality businesses, which includes ensuring high environmental, social and governance standards (ESG). This investment philosophy is an integral part of our responsible investment policy. We apply negative screenings and exclusion criteria (ie. weaponry, tobacco, pornography, gambling, etc.) to make sure we do not invest in industries with a structural negative impact on society, both environmentally and socially. In addition, Bregal seeks to actively address ESG aspects of our businesses and support management teams in improving ESG performance. The internal responsibilities are defined in our policy as well as the portfolio companies' boards.