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PRI reporting framework 2020

Basic information [OO 01 - 09] Asset class implementation gateway indicators [OO 10 - 12] Peering questions [OO LE 01 - HF 01]

Strategy and Governance

Investment policy [SG 01 - 04] Objectives and strategies [SG 05 - 06] Governance and human resources [SG 07 - 08] Promoting responsible investment [SG 09 - 11] Outsourcing to fiduciary managers and investment consultants [SG 12] ESG issues in asset allocation [SG 13 - 15] Innovation [SG 18] Communication [SG 19]

Direct – Private Equity

Overview [PE 01 - 02] Fundraising of private equity funds [PE 03 - 04] Pre-investment (selection) [PE 05 - 08] Post-investment (monitoring) [PE 09 - 13] Outputs and outcomes [PE 14 - 15] Communication [PE 16]

Confidence building measures

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Confidence building measures

CM1 01. Assurance, verification, or review

01.1. Indicate whether the reported information you have provided for your PRI Transparency Report this year has undergone:

Third party assurance over selected responses from this year’s PRI Transparency Report

Third party assurance over data points from other sources that have subsequently been used in your PRI responses this year

Third party assurance or audit of the correct implementation of RI processes (that have been reported to the PRI this year)

Internal audit of the correct implementation of RI processes and/or accuracy of RI data (that have been reported to the PRI this year)

Internal verification of responses before submission to the PRI (e.g. by the CEO or the board)

Whole PRI Transparency Report has been internally verified

Selected data has been internally verified

Other, specify

None of the above

01.2. Additional information [OPTIONAL]

CM1 02. Assurance of last year`s PRI data

02.1. We undertook third party assurance on last year’s PRI Transparency Report

Whole PRI Transparency Report was assured last year

Selected data was assured in last year’s PRI Transparency Report

We did not assure last year`s PRI Transparency report

None of the above, we were in our preparation year and did not report last year.

02.3. Additional information [OPTIONAL]

CM1 03. Other confidence building measures

03.1. We undertake confidence building measures that are unspecific to the data contained in our PRI Transparency Report:

We adhere to an RI certification or labelling scheme

We carry out independent/third party assurance over a whole public report (such as a sustainability report) extracts of which are included in this year’s PRI Transparency Report

ESG audit of holdings

03.4. Describe the process of external/third party ESG audit of holdings, including which data has been assured.

WE use consultant firm MJ Hudson Spring to make a review of all our portfolio companies and us internally and present findings in a Portfolio Report.

Other, specify

None of the above

03.5. Additional information [OPTIONAL]

CM1 04. Assurance of this year`s PRI data (Not Applicable)

CM1 05. External assurance

05.1. Provide details related to the third party assurance over selected responses from this year’s PRI Transparency Report and/or over data points from other sources that have subsequently been used in your PRI responses this year

What data has been assured

Financial and organisational data

Data related to RI activities

RI Policies

RI Processes (e.g. engagement process)

ESG operational data of the portfolio

Other

Relevant modules

Organisational Overview

Strategy and Governance

Direct – Private Equity

Who has conducted the assurance

          MJ Hudson Spring

Assurance standard used

ISAE/ASEA 3000

ISAE 3402

ISO standard

AAF01/06

AA1000AS

IFC performance standards

ISAE/ASAE 3410 Assurance Engagements on Greenhouse Gas Statements.

National standard

Specify

Other

Level of assurance sought

Limited or equivalent

Reasonable or equivalent

Please provide:

Link to external assurance provider`s report [URL] http://-

Link to original data source (if public) [URL]

Attach a file

05.2. Additional information [OPTIONAL]

CM1 06. Assurance or internal audit

06.1. Provide details of the third party assurance of RI related processes, and/or details of the internal audit conducted by internal auditors of RI related processes (that have been reported to the PRI this year)

What RI processes have been assured

Data related to RI activities

RI policies

RI related governance

Investment selection process in non-listed assets

ESG incorporation in selection process for private equity investments

Other

Who has conducted the assurance

          MJ Hudson Spring

When was the process assurance completed(dd/ mm/yy)

31/12/2019

Assurance standard used

IIA’s International Standards for the Professional Practice of Internal Auditing

ISAE 3402

ISO standard

AAF 01/06

SSE18

AT 101 (excluding financial data)

Other

Specify

Level of assurance sought

Limited or equivalent

Reasonable or equivalent

06.2. Additional information [OPTIONAL]

CM1 07. Internal verification

07.1. Indicate who has reviewed/verified internally the whole - or selected data of the - PRI Transparency Report . and if this applies to selected data please specify what data was reviewed

Who has conducted the verification

CEO or other Chief-Level staff

Sign-off or review of responses

Sign-off

Review of responses

The Board

Investment Committee

Compliance Function

RI/ESG Team

Investment Teams

Legal Department

Other (specify)

07.2. Additional information [OPTIONAL]

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