Act in the long-term interests of the environment and the companies in which our funds invest.
Apax is conscious of its role as temporary stewards of the companies in which our funds invest. Apax is guided by the principle that it should leave its funds investee companies in a better position than when it invested in them.
Apax applies this principle internally by having institutional processes which govern the passing of ownership from one generation to the next.
Socially Responsible Investing
The concept of socially responsible and sustainable investing is embedded in the Apax investment and portfolio management processes.
Environmental, Social and Governance issues are assessed by the Approval and Investment Committees prior to the investment and monitored by the Portfolio Review Committee. During the investment process, ESG risks and opportunities are assessed alongside more traditional financial and market aspects.
The Apax Value Programme
Once approval has been granted to invest, each new investment is subject to an external ESG audit. The aim of this audit is to systematically assess each company and quantify the ESG opportunities as well as risks. After this rigorous assessment has been completed, areas for improvement are identified and management are given targets on which they will be monitored over the life of the investment.
Apax is a signatory to the Private Equity Council's Guidelines for Responsible Investment and the UN's Principles on Responsible Investment.