This report shows public data only. Is this your organisation? If so, login here to view your full report.

PAI Partners

PRI reporting framework 2020

You are in Direct – Private Equity » Post-investment (monitoring)

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

          Energy efficiency
        

Example 2 (optional)

          Carbon emissions
        

Example 3 (optional)

          Water consumption
        

List up to three example targets of social issues

Example 1

          Health and Safety
        

Example 2 (optional)

          Turnover
        

Example 3 (optional)

          Absenteism
        

List up to three example targets of governance issues

Example 1

          Business ethics (code of conducts or ethics, bribery and corruption cases etc.)
        

Example 2 (optional)

          CSR resources (dedicated CSR manager, CSR report, CSR charter etc.)
        

Example 3 (optional)

          Diversity (% of women at the board)
        

09.4. Additional information. [Optional]


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]


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

(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.

We help good companies become great companies. Better ESG management has improved the performance of portfolio companies, and has allowed them to have positive effects on societies in which they operate.
Once the companies integrate into our portfolio, they also benefit from a favourable stimulating ecosystem for the development and improvement of their ESG strategies.


We carry out an ESG review with an external consultant after each acquisition
Upon investing in a company, we review existing processes and systematically introduce new guidelines. For this purpose, we carry out an ESG audit with an external consultant after each acquisition we make. The audit is the groundwork for an ESG Post Investment Action Plan based on a deeper analysis of the findings during the due diligence process.


We ensure that ESG will be tracked at board level
During ownership, we encourage portfolio companies to work toward continuous improvement and ensure ESG issues are consistently tracked by their respective board of directors. It increases the coverage of ESG decisions from the top to the entire group.


We constantly monitor indicators through our reporting system
The reporting system is the pillar of our ESG monitoring procedure. Thanks to the system, PAI can provide information on an aggregated basis across the entire portfolio. Our objective is to be able to measure the positive impacts of our Responsible Investment strategy in tangible terms.


We carry out on-site visits to maintain direct communication with managers
PAI's team conducts regular visits to the portfolio companies in order to directly ensure their ESG progress. These meetings are the best way to build trust with portfolio companies and to guarantee direct communication with their top management.


We set up once a year the Sustainability Club with all portfolio companies
The Sustainability Club is a privileged channel of communication between PAI and portfolio companies. Our ESG strategy is presented during these meetings, and policies are introduced in order to ensure continuous improvement.


We share views and co-create ESG with our investors at the annual ESG Lab
The ESG LAB, organised during PAI's Investors' Days, is a new collaborative initiative for our investors to discuss and share views on responsible investment. At PAI, we believe that sharing best practice and co-creation is instrumental in building an efficient ESG strategy.

 


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 

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]

In 2015, the launch of our own reporting system, and its improvement over the years, was an important step forward in developing ESG management. This online platform allows us to collect qualitative and quantitative ESG data.

Every year, through the system, we collect data on more than 100indicators from each company in the portfolio. Once the data is collected, it can be both analysed at the company or portfolio level, and be exported in a number of formats to match the full range of LP reporting requirements. It is the foundation of a highly efficient monitoring process, helping us to collect precise information, compare results between portfolio companies, and observe evolution over time.

The system offers full traceability of data, as well as automated comparison with previous entries to reduce errors. It is fully flexible and scalable, allowing for additional indicators, reporting formats and companies to be added, as well as taking portfolio disposals into account.

It is also through the reporting system that we collect the data we need to assess the carbon footprint of our portfolio.

100% of the companies that are in our portfolio for more than one year are covered within our online platform.

 


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


Top