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Unison Capital

PRI reporting framework 2020

You are in Strategy and Governance » Investment policy

Investment policy

SG 01. RI policy and coverage

New selection options have been added to this indicator. Please review your prefilled responses carefully.

01.1. Indicate if you have an investment policy that covers your responsible investment approach.

01.2. Indicate the components/types and coverage of your policy.

Select all that apply

Policy components/types

Coverage by AUM

01.3. Indicate if the investment policy covers any of the following

01.4. Describe your organisation’s investment principles and overall investment strategy, interpretation of fiduciary (or equivalent) duties,and how they consider ESG factors and real economy impact.

The corporate philosophy of Unison which provides the base of our investment principles and strategy is to enhance corporate value (our “fiduciary duty”) in harmony with people (Unison). We invest in mid-cap companies with an emphasis on consumer retail service, niche manufacturing, healthcare and high-growth businesses.

We have developed an ESG policy to meet the expectations of stakeholders, including investors, regarding compliance with environment and social norms, contribution to society, and risk management and value creation from investee companies. Through our ESG Policy, we seek to better manage risk and pursue sustainable return and corporate value enhancement in unison with all of our stakeholders.

In implementing our policy, we have established a set of principles and processes to incorporate environmental, social and governance (ESG) factors into all investment decisions and monitoring processes. Implemented across the firm, the policy aims to holistically account for all relevant ESG information which could be material to investment performance when assessing risk and return. 

01.5. Provide a brief description of the key elements, any variations or exceptions to your investment policy that covers your responsible investment approach. [Optional]

Our ESG policy, implemented across the firm, was established in 2015 and approved by our  Board of Directors. External consultants provided training to investment staff on its implementation. The policy is subject to periodic review reflecting changes in the business environment in which we operate. 
The policy defines the ESG factors we take into consideration through the investment lifecycle. Examples of ESG factors typically included in our investment process include:
1. Environment: regulatory compliance covering air, wastewater, waste and soil and groundwater contamination etc
2. Social: elimination of anti-social forces, remuneration systems, labour relations, health & safety, training and education, working conditions, customer health & safety and customer information privacy
3. Governance: corporate governance compliance, independence of the Board of Directors, diversity

01.6. Additional information [Optional].


SG 01 CC. Climate risk

01.6 CC. Indicate whether your organisation has identified transition and physical climate-related risks and opportunities and factored this into the investment strategies and products, within the organisation’s investment time horizon.

Describe the identified transition and physical climate-related risks and opportunities and how they have been factored into the investment strategies/products.

The main climate related risks and opportunities associated with our portfolio are related to physical risks, not transition risks. Physical risks, in particular linked to large-scaled disasters, have been assessed with companies developing business contingency plans as appropriate. 

01.7 CC. Indicate whether the organisation has assessed the likelihood and impact of these climate risks?

Describe the associated timescales linked to these risks and opportunities.

For climate-related risks that we identified, we assess whether they are likely to occur during the investment period (or every year) and to what extent they will impact our business.

01.8 CC. Indicate whether the organisation publicly supports the TCFD?

Explain the rationale

Considering how the TCFD framework fits into private equity.

01.9 CC. Indicate whether there is an organisation-wide strategy in place to identify and manage material climate-related risks and opportunities.


Climate change is an ESG factor and as such is incorporated into our organisation wide ESG management system.


1.10 CC. Indicate the documents and/or communications the organisation uses to publish TCFD disclosures.

SG 02. Publicly available RI policy or guidance documents


02.1. Indicate which of your investment policy documents (if any) are publicly available. Provide a URL and an attachment of the document.

02.2. Indicate if any of your investment policy components are publicly available. Provide URL and an attachment of the document.



02.3. Additional information [Optional].

We recognize that it is important from an RI standpoint to widely disclose Unison's approach to RI. As a result, we have prepared and disclosed our investment policy on ESG. The policy is updated on a periodic basis reflecting the changes in the business environment. 

The investment policy describing our core investment methodology is considered as a one of our “trade secrets” and shared only with LP investors.

SG 03. Conflicts of interest

03.1. Indicate if your organisation has a policy on managing potential conflicts of interest in the investment process.

03.2. Describe your policy on managing potential conflicts of interest in the investment process.

We have established and implemented “Management Rules for the Conflict of Interest” to prevent conflicts of interest issues.

The rules establish the process to be implemented in managing conflicts, including the approach to their identification. Conflicts are managed on a case-by-case basis using approaches such as management with internal firewalls or transparency through disclosure or obtaining consent from the affected party implemented.

03.3. Additional information. [Optional]

SG 04. Identifying incidents occurring within portfolios

04.1. Indicate if your organisation has a process for identifying and managing incidents that occur within investee entities.

04.2. Describe your process on managing incidents

Unison maintains close relations with our portfolio companies which supports our process for identification of incidents. 
Incidents that occur in the portfolio company (“the Company”) are monitored by the administration department of the Company, promptly reported to the board of the Company, and simultaneously reported to the responsible Unison team member.  Incidents are notified to our compliance team and investment committee, who have oversight responsibility for incidents in portfolio companies.
We share information regarding critical incidents with investors our investment team and the Company’s executives work together to resolve them. In addition, we have implemented a whistle-blowing system into the Company in an effort to identify potential incidents.