ESG-related targets are re-evaluated on an annual basis through an internally administered ESG KPI annual survey, quarterly ESG engagement updates, and annual ESG workshops attended by a C-Suite ESG champion, operational-level champion and other relevant personnel from the portfolio company. The goals of these monitoring activities are to:
1. Provide insight into how companies are performing on high-priority ESG topics and identify areas for continued improvement;
2. Strengthen the relationship between PG Industry Value Creation team (the team responsible for post-investment management of PG's private equity assets) and the ESG team in managing ESG performance at portfolio companies;
3. Facilitate the sharing of ESG best practices among portfolio companies.