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PAI Partners

PRI reporting framework 2020

You are in Strategy and Governance » Promoting responsible investment

Promoting responsible investment

SG 09. Collaborative organisations / initiatives

09.1. Select the collaborative organisation and/or initiatives of which your organisation is a member or in which it participated during the reporting year, and the role you played.

Select all that apply

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Member of the PRI plastic WG and assisting with the organisation of a panel at the PRI In erson in September 2019.

Participation in the PRI In Person events since 2012 (excluding 2018). In 2019, PAI was a speaker at two sessions of the event:

- Private equity workshop: Get Up To Speed on Climate Change

- The Innovation Hub

 

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

In 2019:

- Member of the Steering Committee of the France Invest (ex AFIC) ESG commission (100+ members)
- Leading the workgroup in charge of collecting ESG data from all France Invest members, redacting and publishing the annual ESG report of France invest

- Member of the LP-GP communication workgroup in charge of building a common ground for LP-GP communication and reporting

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

PAI is an Investor Signatory of the Carbon Disclosure Project (CDP) to drive greater corporate transparency and to provide the market with comparable environmental data.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

We have adopted the Invest Europe code of conduct (European Private Equity and Venture Capital Association).

Cornelia Gomez was a member of the affiliate network for RI over 2018/19 and now a member of the RI Core Roundtable (as Q4 2019).

          iCI (former Initiative Climat 2020)
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

We are a founding member of the Initiative Climat 2020 (ex iC20) - first private equity initiative to manage and reduce greenhouse gas emissions for their portfolio companies - and a signatory of the iC20 manifest.

More recently, our head of ESG, Cornelia Gomez, has played a key role in the recent evolution of the organisation:

  • as a member of its Operational Committee in 2019
  •  and as part of a taskforce with Eurazeo and PwC to collaborate in 2018/19 with the PRI on the official endorsement of the initiative by the PRI but also the revamping of the initiative to bring it to the international stage.
  • Starting from January 2020, the ESG representative from Eurazeo who was coordinating the initiative will be replaced by a coordinator for iC France (from Antin) and a coordinator for iC International, Cornelia Gomez.

SG 09.2. Assets managed by PRI signatories (Not Applicable)


SG 10. Promoting RI independently

10.1. Indicate if your organisation promotes responsible investment, independently of collaborative initiatives.

10.2. Indicate the actions your organisation has taken to promote responsible investment independently of collaborative initiatives. Provide a description of your role in contributing to the objectives of the selected action and the typical frequency of your participation/contribution.

Description

          Since 2011, we have organised a bi-annual meeting: the PAI Sustainability Club, to encourage dialogue between ESG managers of portfolio companies. As described previously, we changed the format of those meetings in 2019 (annual, during 1,5 days with an offsite learning experience).  

These meetings are a key feature of our ESG programme: 

- Firstly, they provide CSR managers with expertise, either from external consultants or from their peers. 

- Secondly, they allow portfolio companies to discuss common issues and learn from the experiences of their peers whose CSR strategies are more advanced. 

The Sustainability Club is also a privileged channel of communication between PAI and portfolio companies. Our ESG strategy is presented during these meetings, and policies are introduced within the group in order to ensure continuous improvement.
        

Frequency of contribution

Description

          UN PRI
        

Frequency of contribution

Description

          Working group within the ESG commission of France Invest related to ESG reporting and disclosure (GT5). 
Member of the CDP (Carbon Disclosure Project).
        

Frequency of contribution

Description

          As mentioned in more details above, PAI’s annual ESG Labs, organised during PAI's Investor Days, is a new collaborative initiative for our investors to discuss and share views on responsible investment.  

During the London ESG Lab in 2019, we invited a member of the UN PRI as a main speaker. 

Our Head of ESG spoke at various conferences in 2019: VC/PE conference in Vienna, AVCJ ESG Summit in Hong Kong, SuperReturn ESG Summit in Berlin, ESG Fund Forum in Amsterdam, LPEA annual conference in Luxembourg, PEI Responsible Investment conference on cyber security in London.
        

Frequency of contribution

Description

          We published in 2019 a position paper on the Plastic Issue, following our ESG lab in  London on the topic. It is publicly available following this link: https://www.paipartners.com/media/
        

Frequency of contribution

Description

          In 2019, our Head of ESG shared her thoughts on the ”S” of ESG in an interview with Supereturn365, published in the online media
        

Frequency of contribution

Description

          We are an active member of the PRI plastic working group
        

Frequency of contribution

Description

          PAI is a founding member of the ESG commission of France Invest (ex AFIC) and part of the ESG commission's steering committee
        

Frequency of contribution

10.3. Describe any additional actions and initiatives that your organisation has taken part in during the reporting year to promote responsible investment [Optional]

In September 2018 and September 2019, we organized a challenge with all our portfolio companies, for the World Clean-up Day. The goal was to raise awareness among the portfolio companies on topics like biodiversity and plastic pollution. In 2018 we gathered 416 participants, from 5 different companies, in 6 countries, to battle the issue of  plastic waste.

In 2019, we almost tripled the number of participants (1 200), from 7 companies, in 7 countries. Tendam, who won the Awareness prize thanks to a great internal campaign and the personal involvement of its CEO, was awarded 1 hectare of forest planted in Zambia by PAI. This is an initiative proposed by WeForest, a partner specialized in reforestation and carbon offsetting.


SG 11. Dialogue with public policy makers or standard setters (Private)


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