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NorthEdge Capital LLP

PRI reporting framework 2020

You are in Strategy and Governance » Governance and human resources

Governance and human resources

SG 07. RI roles and responsibilities

07.1. Indicate the internal and/or external roles used by your organisation, and indicate for each whether they have oversight and/or implementation responsibilities for responsible investment.

Roles

Select from the below internal roles

          CFO
        

07.2. For the roles for which you have RI oversight/accountability or implementation responsibilities, indicate how you execute these responsibilities.

Our two Managing Partners and CFO are responsible for driving RI/ESG from the "top down". They provide the budget, senior endorsement and support required to progress RI/ESG at NorthEdge. Our Managing Partner engages directly with the CEO of each portfolio company, to ensure RI and ESG has a place on their agenda.

Our Investment Committee (or IC) will review the ESG screen for every new investment opportunity that progresses to IC. They will influence the scope of DD and value creation plan, accordingly, and ultimately opine on whether we invest in the business. IC also act as the review point for any material ESG/RI issues arising from the portfolio. 

At implementation level, we have a dedicated Investment Director who updates all RI/ESG related literature according to best practice & trains new joiners with regard the importance and implementation of RI/ESG at NorthEdge & engages with institutions (including competitors) to disseminate best RI/ESG practice.

The investment and portfolio team is then required and accountable to ensure all investments are "screened" according to our RI/ESG policy ahead of completion. They will then conduct visits to 'their' portfolio companies annually, in order to "baseline" their ESG score and set bespoke targets for the year ahead.

We are a relatively small firm (c.30 FTE's) and therefore classify ourselves as having one "dedicated" RI member of staff, given a specific Investment Director is charged with leading our RI approach and is supported by our Managing Partners and CFO. 

07.3. Indicate the number of dedicated responsible investment staff your organisation has.

1 Number

07.4. Additional information. [Optional]

We are a relatively small firm (c.30 FTE's) and therefore classify ourselves as having one "dedicated" RI member of staff, given a specific Investment Director is charged with leading our RI approach and is supported by our Managing Partners and CFO. 

We additionally utilise consultant expertise where additional resource or expertise is required. 


SG 07 CC. Climate-issues roles and responsibilities (Private)


SG 08. RI in performance management, reward and/or personal development (Private)


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