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Triton Investment Management Limited (TIML)

PRI reporting framework 2020

You are in Strategy and Governance » Governance and human resources

Governance and human resources

SG 07. RI roles and responsibilities

07.1. Indicate the internal and/or external roles used by your organisation, and indicate for each whether they have oversight and/or implementation responsibilities for responsible investment.

Roles

Select from the below internal roles

          CFO/COO & Head of ESG
        

07.2. For the roles for which you have RI oversight/accountability or implementation responsibilities, indicate how you execute these responsibilities.

The relevant General Partner Boards of the Triton Funds are responsible for our commitment to being responsible investors and have delegated this responsibility to TIML, who has in turn delegated this to Mats Eklund, Triton’s CFO/COO. Mats is responsible for Finance, Compliance, Tax and Legal, Enterprise Services, portfolio and risk monitoring, ESG and Procurement at Triton. He joined Triton from GE Capital where he was the Chief Financial Officer for GE Capital EMEA, M&A and Private Equity.

Responsibility for day-to-day implementation of responsible investment activities has been delegated to the Head of ESG, Graeme Ardus, and the Legal Counsel Portfolio Governance, Amandeep Johal. Graeme joined May 2013 and was previously a Director of Occupational Health, Safety, Environment and Sustainability at Amcor. Prior to that he held the post of Director of Environment, Health and Safety and Sustainability at Alcan Packaging. Amandeep was Triton’s Head of Compliance for eight years before his current role. Prior to joining, he worked in private practice with SJ Berwin. He spent four years with the in-house legal team and enforcement division of the UK Financial Services Authority, and carried out misconduct investigations for the Law Society of England and Wales.

In 2018, the ESG team was strengthened by the recruitment of two ESG Associates, Louise Davis and Matthew Johns, to support implementation of Triton’s ESG activities. Louise is a qualified solicitor and spent nine years in other functions at Triton, working as a Compliance Officer for five years and in Investor Relations for four years. Matthew previously spent seven years in PwC’s Sustainability and Climate Change team, where, in addition to supporting PE clients and their portfolio companies with ESG approaches, he advised companies to develop and implement sustainability strategies.

Triton also utilises external research and technology providers to conduct ESG screening and ongoing monitoring. External technical consultants and lawyers are engaged on a case-by-case basis, typically to conduct pre-acquisition ESG due diligence.

07.3. Indicate the number of dedicated responsible investment staff your organisation has.

4 Number

07.4. Additional information. [Optional]

The dedicated RI staff are the Head of ESG, Legal Counsel Portfolio Governance and two ESG Associates. 


SG 07 CC. Climate-issues roles and responsibilities

07.5 CC. Indicate the roles in the organisation that have oversight, accountability and/or management responsibilities for climate-related issues.

Board members or trustees

Chief Executive Officer (CEO), Chief Investment Officer (CIO), Chief Risk Officer (CRO), Investment Committee

Other Chief-level staff or heads of departments

Investment analysts

Dedicated responsible investment staff

07.6 CC. For board-level roles that have climate-related issue oversight/accountability or implementation responsibilities, indicate how these responsibilities are executed.

Consideration of climate-related issues is integrated into Triton's overall ESG approach. The IAC, TIML and the relevant General Partner Board are responsible for our overall commitment to being responsible investors (including how we consider climate-related issues) and have delegated this responsibility to the CFO/COO.

After discussion with the ESG Team, ESG issues, including climate-related issues, are raised by the investment team with the IAC and TIML Board. Where appropriate, the ESG Team attends relevant IAC meetings. In addition, the ESG due diligence forms part of the Preliminary Investment Recommendation which is submitted to the IAC. The IAC will provide its recommendation to Triton Investment Advisors LLP ("TIA LLP") who will refer the investment opportunity, along with its advice, to TIML who will then make a final decision on the opportunity. Where relevant, this includes a summary of material ESG considerations, including climate-related issues. In the processes described, climate-related issues are assessed from a financial materiality perspective alongside other ESG risks where appropriate.

The IAC receive regular updates from the Head of ESG and Legal Counsel Portfolio Governance on Triton's portfolio company ESG programme, including management of climate-related risks and opportunities where appropriate.


SG 08. RI in performance management, reward and/or personal development (Private)


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