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Equistone Partners Europe

PRI reporting framework 2020

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Overview

PE 01. Description of approach to RI

01.1. Provide a brief overview of your organisation’s approach to responsible investment in private equity.

Equistone believes that aligning the interests of our clients and portfolio companies with those of society at large can enhance returns for our investors. We believe that businesses must preserve the trust of stakeholders in order to create long-term value for investors, and we therefore take an interest in how companies in our portfolio manage these issues, and, on behalf of our clients, encourage companies to adhere to the highest standards of business conduct. As a signatory of the UNPRI, Equistone is committed to promoting industry best practice ESG initiatives throughout our own organisation and the organisations we interact with.

Equistone will continue to seek opportunities to create outstanding value for investors whilst making a positive impact on the communities our companies serve.

In making investment decisions, we aim to avoid investing in companies that do not:

- Respect human rights
- Comply with current legislation (including environmental and social legislation)
- Seek to comply with their industry standards and best practice

Furthermore, under the terms of our fund documentation, we will have regard to the following when making our investments:

We will not make any investment in a portfolio company whose principal business is either (i) the manufacturing, distribution or sale of arms or ammunition or (ii) the manufacturing, distribution or sale of pornography, without the prior consent of our Investor Advisory Committee;
- We will not knowingly make an investment in a portfolio company which seeks to exploit child labour;
- In our review and consideration of prospective investments, we consider the ethical ramifications of our investment activities;
- We endeavour not to invest in enterprises which deliberately and repeatedly violate the rules laid down by the national authorities in which such enterprises operate;
- We will include specific commentary on relevant ESG issues in our communication around new investments and in our reporting.


PE 02. Investment guidelines and RI

02.1. Indicate whether your organisation’s investment activities are guided by a responsible investment policy / follow responsible investment guidelines.

02.2. Describe how your organisation outlines expectations on staff and portfolio companies’ approach towards ESG issues in investment activities.

Equistone has developed robust Environmental, Social and Governance policies to ensure we are targeting a level of industry best practice. Equistone’s Responsible Investing Policy is implemented across the investment and portfolio management process and is also embedded into our European Investment Committee discussions.

Equistone's investment executives are expected to engage with each of their portfolio companies to identify specific sector and country ESG risks related to supply chain, governance, marketplace, community, workplace and environment. 


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