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Triton Investment Management Limited (TIML)

PRI reporting framework 2020

You are in Direct – Private Equity » Fundraising of private equity funds

Fundraising of private equity funds

PE 03. Fund placement documents and RI

03.1. Indicate if your most recent fund placement documents (private placement memorandums (PPM) or similar) refer to responsible investment.

03.2. Indicate how your most recent fund placement documents (PPM or similar) refer to the following responsible investment:

03.3. Describe how your organisation refers to responsible investment in fund placement documents (PPMs or similar). [Optional]

The most recent Private Placement Memorandum (which summarises the investment strategy) has a dedicated chapter to responsible investing and clearly commits to responsible investment through reference to the items below. Similar commitments have been made in due diligence.

Responsible investing and assessing ESG (“Environmental, Social and Governance”) matters form an integral part of Triton's due diligence analysis and decision-making. The strength of the ESG programme is that it spans the investment cycle and is applied to preserve and create value. There is a commitment to embrace ESG principles and a timeline of how ESG has evolved at the firm, including the fact that Triton is a signatory to the UNPRI.

Triton has established a broad set of investment criteria that includes ESG considerations, mitigates risk and helps to capture long-term value.

Triton is engaging proactively with all of its portfolio companies, ensuring they are aligned with Triton's ESG Programme through its ESG/Compliance Toolkit. This programme includes:

  • Triton's Portfolio Company Compliance Policy;
  • Triton's Portfolio Company Monitoring and Reporting Framework; and
  • a requirement to prepare an ESG Action Plan that is reviewed and approved by the Board.

This process ensures that both Triton and its portfolio companies will have appropriate policies, programmes and ultimately KPIs to address the ESG risks and opportunities relevant to their business activities.

Triton also commits to developing a well-rounded, inclusive workplace and works to attract, develop, retain, and promote the best possible talent.

PE 04. Formal commitments to RI (Private)