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Bridges Fund Management

PRI reporting framework 2020

You are in Direct – Private Equity » Post-investment (monitoring)

投資後(モニタリング)

PE 09. Proportion of companies monitored on their ESG performance

09.1. 組織がポートフォリオ構成企業の投資モニタリングにESG問題を組み入れているかどうかを明示してください。

09.2. 報告年度のポートフォリオ構成企業の中で、投資のモニタリングにESGパフォーマンスを組み入れた割合を記載してください。

(ポートフォリオ構成企業の合計数に占める割合)

09.3. 組織が通常目標(KPIなど)を設定し、モニタリングしているESG問題を記載し、問題別に例を挙げてください。

ESG問題

問題別に例を3つまで挙げてください

例1

          Reduction in tonnes CO2 emitted (e.g. World of Books, estimating the tonnes of GHG emissions averted through their re-use and recycling of books)
        

例2 (optional)

          Tonnes waste avoided from landfill (e.g. Wholebake, a manufacturer of healthier snack bars, is reducing ingredient and packaging waste and increasing recycling)
        

例3 (optional)

          Carbon savings from ingredients which are direct meat or dairy replacements (Vegetarian Express, UK’s leading supplier of specialist plant-based ingredients to the food service industry)
        

問題別に例を3つまで挙げてください

例1

          Status of young people: Number in education, employment or training (e.g after completion of one of our SOCs aimed at improving life chances)
        

例2 (optional)

          Patient satisfaction with care (e.g. % Alina patients satisfied with comfort and convenience of care provided at-home)
        

例3 (optional)

          Number of people in stable accommodation (e.g. through our SOC investments that offer access to supported accommodation)
        

問題別に例を3つまで挙げてください

例1

          % portfolio companies Boards reviewing impact/ESG performance at least annually, using Impact scorecard
        

例2 (optional)

          % companies reviewing Board diversity
        

例3 (optional)

          Gender pay gap and action plans
        

09.4. 補足情報 [任意]


PE 10. Proportion of portfolio companies with sustainability policy

10.1. 組織がESG/サステナビリティに関連するポリシー(または同様のガイドライン)を有するポートフォリオ構成企業の割合を追跡しているかどうかを記載してください。

10.2. ESG/サステナビリティポリシー(または同様のガイドライン)を有するポートフォリオ構成企業の割合を記載してください。

(ポートフォリオ構成企業の合計数に占める割合)

10.3. 補足情報 [任意]

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.


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

11.1. ポートフォリオ構成企業がESG問題を業務に組み入れるため実施している対策の種類およびこれらの活動を実施しているポートフォリオ企業の割合を記載してください。

ポートフォリオ企業が実施している活動の種類

実施しているポートフォリオ企業の割合​
(ポートフォリオ構成企業の合計数に占める割合)
実施しているポートフォリオ企業の割合
(ポートフォリオ構成企業の合計数に占める割合)
実施しているポートフォリオ企業の割合
(ポートフォリオ構成企業の合計数に占める割合)
実施しているポートフォリオ企業の割合
(ポートフォリオ構成企業の合計数に占める割合)
実施しているポートフォリオ企業の割合

11.2. ポートフォリオ構成企業のリソーシングとESG問題の管理に組織がどのように貢献しているかを説明してください。

Our investment team works 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 BLabs) to identify opportunities. These both inform the 100-day plan and bespoke Impact scorecard (which includes targets and benchmarks), reviewed regularly at Board meetings with investee companies. 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 and inform progress. We also identify and engage 3rd party stakeholders to support our companies on ESG/ impact management (e.g. 3rd party sustainability consultancy to build a bespoke carbon tracking tool for our portfolio companies).


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

12.1. ポートフォリオ企業に請求するESG問題に関する報告書の種類および頻度、報告書を受領する頻度を記載してください。

報告書の種類 

標準的な報告頻度 ​
標準的な報告頻度 ​

12.2. ポートフォリオ企業に対し、どの程度の報告を要求しているか説明してください。また、ESG報告が対象としている資産の割合を示してください。 [任意]

90%+ of our assets are required to report ESG KPIs


PE 13. Disclosure of ESG issues in pre-exit

13.1. 報告年度に、プライベートエクイティ投資をエグジットする前に、組織がESG問題に関する情報を潜在的な買い手に開示したかどうかを記載してください。

13.2. 開示以外に、エグジット時に組織がESG問題をどのように考慮しているかを説明してください。

Bridges' considers ESG risks and opportunities at every stage of the investment process. Before every investment we make, our deal team works with management to identify ESG risks - which are graded as high, medium or low priority, based on a materiality assessment - and also, very importantly, to identify ESG opportunities where we can create value. After we invest, this analysis feeds into the 100-day plan - and we review progress in all of these areas at regular intervals throughout the course of our ownership, as a standing item in board meetings, biannual portfolio reviews and annual full scorecard reporting. So when it comes to exit, ESG considerations are already an intrinsic part of the business' strategy and a critical part of how it thinks about risk and opportunity. That's going to be of interest to any potential buyer. Prospective buyers' value it because they recognise that businesses that do this well tend to be better-run, more sustainable companies.

13.3. 補足情報 [任意]


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