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
Apax is a signatory to the Private Equity Council's Guidelines
for Responsible Investment and the UN's
Principles on Responsible Investment.