The recent financial crisis has put into question the value we create as investors. We as an industry need to explain why we are a socially valuable entity. It is a question asked by politicians of all persuasions and countries. It is a question posed by media and the public at large, and it is a question asked increasingly by LPs who subscribe to the concepts of social and sustainable investing.
We believe that Apax needs to be a leader in sustainable investing. We have been able to formulate and then substantiate the value we create in terms of social and sustainable investing and therewith gain the social license to operate. The key insight is that it will be the firms that are most conscious of this responsibility that will deliver the best economic returns. Not only because they will be the better run firms but more importantly because, done right, it is hard-nosed business to disaggregete the value chain of a business and to look for efficiency, the reduction of transportation, waste and pollution costs, and to look for the optimal use of human resources and knowledge. Economic returns are not a contradiction to social and sustainable investing; it is the way leading firms will deliver value.
Martin Halusa, CEO
Sustainability in the Apax Portfolio and Offices