Chief Executives' Statement
Fully Embedded in the Investment Process
At Apax Partners we believe that a focus on sustainable investing can lower risk and enhance financial returns for the Apax Funds’ portfolio, all while creating a net benefit for society. Sustainable investing has become an integral part of the investment team’s approach and is fully embedded in our investment process, to help release the full potential of the Apax Funds’ portfolio companies.
Comprehensive Sustainability Programme
The Firm became a signatory to the Principles for Responsible Investing in 2011 and over the course of the last five years has developed a robust set of processes culminating in a comprehensive sustainability programme which is embedded in the lifecycle of a business in which Funds advised by Apax invest. In our view sustainable investing is not only the right thing to do but should also have a powerful and measurable business logic. This belief has become the core tenet of the Apax Partners sustainability programme.
Driving Measurable Progress
A distinctive feature of the Apax Partners sustainability programme is the annual collection of approximately 100 Environmental, Social and Governance (ESG) related KPIs from the Apax Funds’ underlying portfolio companies. Now in its fourth year and with all relevant portfolio companies contributing non-financial data, it is proving an invaluable tool in driving measurable progress in the overall ESG footprint of the Funds and also in creating value through dedicated programmes at the individual portfolio company level.
Maintaining Industry Leadership
In recognition of the Firm’s commitment to responsible investment, we were very pleased to be selected in 2015 as the winner of the BVCA Responsible Investment Award both for our ESG Framework and for our Engagement on ESG matters with portfolio companies. In addition, for the past four years, the firm has received ESG leader status in the well-respected RobecoSAM ESG assessment programme, providing further validation of the Apax sustainability approach.
Contributing to Global Sustainable Development Goals
In a landmark agreement in the battle against climate change, in December 2015 and as part of COP21, the United Nations set 17 Sustainable Development Goals supported by 195 nations. Already several of the Apax Funds’ portfolio companies such as EVRY and Azelis S.A. are integrating one or more of these goals into their operating activities and over time we expect other portfolio companies to follow their lead in setting measurable targets for a better planet.
The 4th edition of the Apax Partners Sustainability Report highlights the actions the Firm and the Apax Funds’ portfolio companies are undertaking to contribute to the global effort for a more sustainable world. We trust you will find it informative reading..
Andrew Sillitoe Mitch Truwit