Our investment and dedicated impact teams work with the management team of the prospective portfolio company to identify and manage ESG factors, using in-house risk assessment and the B Impact assessment (powered by BLab) to identify opportunities. These both inform the 100-day plan and bespoke Impact scorecard which are used to track performance and monitor progress towards targets and compare it to industry benchmarks. Given that we typically hold a majority stake in our portfolio companies and Board seats, our investment team is able to engage on an ongoing basis on ESG matters.
ESG issues are reviewed regularly at Board meetings with investee companies, as well as at our own monthly firm-level portfolio review meetings. Once a year, each investee provides a snapshot of any new or outstanding ESG issues, as well as progress against targets, through our Impact Scorecard covering a set of impact KPIs across the different stakeholders (direct beneficiary, employees, environment and community). Bridges impact management team will then work closely with the organisations to take stock and develop new impact targets and impact initiatives for the year.