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Norvestor Advisory

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.

ESG forms an important part of the investment process in the potential acquisition screening process. The approach we use during due diligence is similar to the approach we use in our annual sustainability reviews, that is, describing the relevance of ESG in the industries that the companies are operating in, highlighting the key material ESG themes specific to each company, assessing the company’s performance on those themes, and providing an action plan that aims both at reducing or mitigating risks and identifying value creation opportunities. However, during due diligence, we focus more on identifying red flags (unmanageable ESG risks) that may affect the investment decision. Findings are summarized in a due diligence ESG report, which is the result of an independent review by a third-party. 

 

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.

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

An ESG due diligence report is part of the investment documentation which is considered by the investment committee and compliance committee before an investment is made.


PE 07. Encouraging improvements in investees (Private)


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


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