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Stirling Square Capital Partners

PRI reporting framework 2020

You are in Strategy and Governance » Investment policy

Investment policy

SG 01. RI policy and coverage

New selection options have been added to this indicator. Please review your prefilled responses carefully.

01.1. Indicate if you have an investment policy that covers your responsible investment approach.

01.2. Indicate the components/types and coverage of your policy.

Select all that apply

Policy components/types

Coverage by AUM

01.3. Indicate if the investment policy covers any of the following

Other description (1) Application of ESG to the management company itself

01.4. Describe your organisation’s investment principles and overall investment strategy, interpretation of fiduciary (or equivalent) duties,and how they consider ESG factors and real economy impact.

We invest in a range of core industries (subject to an exclusion list) across a variety of European countries. As a control investor, we have the ability to significantly influence the development of an investee company over the years. We do this via a joint effort of both the direct investment team and the dedicated ESG team at the level of the GP.

ESG factors play an increasingly important role to us, both in terms of risk mitigation but also as value creators. Our portfolio companies range from primary buy-outs of previously family-run businesses that are at the beginning of their institutionalisation journey to mature companies that are very advanced in their level of institutionalisation. Therefore, the maturity of the ESG approach in each company varies significantly, but the intensity of our oversight of ESG topics is the same for all companies.

Some of our companies have ESG matters at the core of their business: for example, SAR, Itelyum and our exited investment Cartonplast are positioned squarely in the "circular economy" segment, whereas Outcomes First Group provides critical social care services to vulnerable people. 

01.5. Provide a brief description of the key elements, any variations or exceptions to your investment policy that covers your responsible investment approach. [Optional]

We have implemented ESG considerations in our investment selection, evaluation and stewardship processes. Today our RI approach is perhaps rather traditional as it is geared mainly to evaluating risks. Our development effort is towards emphasising the value creation opportunities stemming from ESG considerations. Some of our portfolio companies are already very much focused on the value creation and our immediate goal is to ensure that this approach is shared by most of the portfolio companies.

Our ESG policy was developed in 2017, approved by the Management Committee and is being reviewed / revised regularly to adjust to our expanding understanding of how to incorporate ESG into our daily business. As our RI approach matures we aim to constantly reflect it in our policies, approaches, tools and templates.

Our overall direction of development as a responsible investor is summarised in an ESG 2025 Vision, an umbrella document that includes a large number of initiatives that will directly determine our ESG posture in the years to come

01.6. Additional information [Optional].

          
        

SG 01 CC. Climate risk (Private)


SG 02. Publicly available RI policy or guidance documents

 

02.1. Indicate which of your investment policy documents (if any) are publicly available. Provide a URL and an attachment of the document.

02.2. Indicate if any of your investment policy components are publicly available. Provide URL and an attachment of the document.

02.3. Additional information [Optional].

The answer to the above questions is "Not yet". We are in the process of revamping both our RI approach and our website and aim for our RI related documents to be available publicly by the end of 2020.


SG 03. Conflicts of interest

03.1. Indicate if your organisation has a policy on managing potential conflicts of interest in the investment process.

03.2. Describe your policy on managing potential conflicts of interest in the investment process.

The first stage of the process to manage conflicts of interest consists of a discussion of the perceived conflict in the investment committee (IC) forum. The IC may decide to terminate an investment idea if the conflict cannot be resolved to its satisfaction or amend elements of the investment that would eliminate the conflict entirely.

Should the IC approve a way forward that appears to place safeguards against the perceived conflict of interests, the solution is presented to the LP Advisory Committee (LPAC) that serves as a final arbiter of the proposed approach. 

03.3. Additional information. [Optional]


SG 04. Identifying incidents occurring within portfolios (Private)


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