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Miura Partners

PRI reporting framework 2020

You are in Direct – Private Equity » Pre-investment (selection)

Pre-investment (selection)

PE 05. Incorporating ESG issues when selecting investments

05.1. During due-diligence indicate if your organisation typically incorporates ESG issues when selecting private equity investments.

05.2. Describe your organisation`s approach to incorporating ESG issues in private equity investment selection.

At pre-due diligence stage Miura has an initial screening checklist for new investment prospects which include matters such as whether the company has risk management procedures set, or has an internal code of conduct and whether it complies with all relevant standards and regulations.

At due-diligence stages, specific ESG analysis is carried out by our external advisors, Deloitte, of the prospect portfolio company.

This due-diIligence is based on a material analysis to identify the risk, opportunities and red flags related to the company business model and activity.

The results of these due-diligence are also taken into account along with other ones such as financial, tax, labour, etc. meaning that they also have a weight in the final decision to invest or not.

During the investment period our portfolio companies are strengthened with regards to ESG capacities and we encourage them to implement their own ESG policies and SDG contributions, with a set or yearly reviewed action plans and a reporting of specific KPI's.

At divestment stages we encourage that the standards achieved on ESG aspects continue being fulfilled by the new managers.

05.3. Additional information. [Optional]

PE 06. Types of ESG information considered in investment selection

06.1. Indicate what type of ESG information your organisation typically considers during your private equity investment selection process.

          We look into external resources (e.g. media) to assess their ESG reputation

06.2. Describe how this information is reported to, considered and documented by the Investment Committee or similar.

Results of due diligence reports, as well as other relevant documentation regarding the company, are presented to the Investment Committee Board of Directors prior to agreeing on the go ahead of any investment.

PE 07. Encouraging improvements in investees (Private)

PE 08. ESG issues impact in selection process (Private)