The board of each portfolio company signs up to our Responsible Investment Code (RIC).
The fund managers’ ESG team assists with implementation of the RIC at each portfolio company. This includes training, implementation of social and environmental management systems (SEMS), reporting and ongoing management of ESG aspects within the businesses.
ESG topics are reported to and discussed by the board of each portfolio company.
Management and implementation of ESG aspects by each portfolio company is reviewed by external consultants and reported to the fund manager and investors. Each annual review results in an action plan which portfolio companies are required to implement.