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.
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.
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.