Deal teams are required to undertake pre-investment ESG due diligence for each new investment made by its funds. Drawing on the UN Sustainable Development Goals, the due diligence is based on a detailed questionnaire which seeks to identify both potential ESG risks and opportunities for improvement and enhancement of practises.
The findings of this due diligence exercise are reviewed by the Head of ESG and incorporated into the final investment recommendation, which is reviewed and ultimately signed off by Pollen Street's Managing Partner, General Counsel and Head of Risk prior to the completion of any transaction.
Where ESG improvement areas are identified during the due diligence process, these will be fed into an improvement plan, alongside input from the management teams, to be actioned shortly thereafter.