Triton's RI Policy defines requirements for ESG engagement to be incorporated into the portfolio companies' plans, including specific management strategies to deal with any issues identified during due diligence. It then defines requirements for periodic monitoring and reporting on ESG matters to Triton on a defined schedule.
ESG issues are incorporated into the investment monitoring process in the following ways:
- Tri-annual risk report, which tracks any material ESG breaches at Triton portfolio companies (“PCs”) through to closure
- Triton’s ESG KPI scorecard which is submitted by PCs bi-annually through on an online system. For the avoidance of doubt, the items listed above are a small selection of KPIs that we track.
- Monitoring also takes place through periodic review calls with portfolio companies, annual face-to-face meetings, and ad-hoc calls and meetings when specific issues arise.
In 2019, over 90% of Triton's PCs were monitored for ESG performance through one or more of the above mechanisms.