This process is defined in funds' By-Laws. ESG incident are diclosed to LPs in the quarterly reports. If a significant event occurs, a specific communication or calls can be organised with LPs to discuss the issues.
To illustrate our approach:
During 2017 summer, one of the portfolio companies was directly impacted by the "Fipronil crisis". An information letter was quickly sent (end August) to the LPs to inform them on the impact of this crisis on the company and the actions undertaken.
Specific communication is currently carried out regarding coronavirus epidemia, acoording to each portfolio company situation