As part of the ESG manual, an initial ESG risk assessment (sample) was included at the ESG Due Diligence Toolkit to be used at the first due diligence. It contains the main environmental and social issues addressed by some sustainability initiatives, inspired in the International Finance Corporation (IFC) Performance Standards, and a preliminary assessment of the material issues per sector that VINCI invests or plans to invest. For each new investment analysis, VINCI shall complete the risk assessment table to confirm the material issues.
As part of the second phase of the due diligence, when the deal team reviews the target company’s accounting, legal, tax, regulatory and information technology operations with the objective of identifying potential liabilities and the systems and controls necessary to manage the business effectively, VINCI typically hires a consulting firms in order to review the industry fundamentals, business model of the target companies and ESG topics identified as material during the previous phases of the process.