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APAX PARTNERS LLP

PRI reporting framework 2020

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Post-investment (monitoring)

PE 09. Proportion of companies monitored on their ESG performance

09.1. Indicate whether your organisation incorporates ESG issues in investment monitoring of portfolio companies.

09.2. Indicate the proportion of portfolio companies where your organisation included ESG performance in investment monitoring during the reporting year.

 (in terms of total number of portfolio companies)

09.3. Indicate ESG issues for which your organisation typically sets and monitors targets (KPIs or similar) and provide examples per issue.

ESG issues

List up to three example targets of environmental issues

Example 1

          Usage of natural resources - electricity, fuel, water, paper; CO2 emissions where relevant
        

Example 2 (optional)

          Waste management
        

Example 3 (optional)

          Compliance with environmental regulations
        

List up to three example targets of social issues

Example 1

          Gender diversity
        

Example 2 (optional)

          Employee Turnover
        

Example 3 (optional)

          Health &  Safety
        

List up to three example targets of governance issues

Example 1

          Anti bribery and corruption policies and infringements
        

Example 2 (optional)

          Governance improvements
        

Example 3 (optional)

          Supply chain issues
        

09.4. Additional information. [Optional]

Environmental Issues

The Apax Funds portfolio consists of a large number of “asset light” businesses which do not have a significant environmental impact. Across the Funds portfolio, there are a high number of initiatives in place that reduce complexity, waste and energy consumption. These initiatives range from: reducing electricity usage via replacing traditional light bulbs into led, reducing paper usage by setting default double sided printing in all of the offices and reducing water usage by investing in low flow fixtures, auto shut off faucets and other water reducing features.

Social Issues
The Apax Funds portfolio employs a large and very diverse workforce.  Across the board portfolio companies strive to foster strong employee engagement and develop the qualifications and expertise of their employees with career development programmes and training.

Governance Issues

Robust corporate governance systems are in place across the Apax Funds portfolio. Almost all companies have a code of conduct and/or a code of ethics which guides their business activities and anti-corruption/anti-competition processes in place which are monitored regularly. Portfolio companies that are new to Apax or which have historically had less focus on governance will be encouraged to adopt appropriate codes and processes.

 


PE 10. Proportion of portfolio companies with sustainability policy

10.1. Indicate if your organisation tracks the proportion of your portfolio companies that have an ESG/sustainability-related policy (or similar guidelines).

10.2. Indicate what percentage of your portfolio companies has an ESG/sustainability policy (or similar guidelines).

(in terms of total number of portfolio companies)

10.3. Additional information. [Optional]


PE 11. Actions taken by portfolio companies to incorporate ESG issues into operations (Private)


PE 12. Type and frequency of reports received from portfolio companies (Private)


PE 13. Disclosure of ESG issues in pre-exit (Private)


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