Chief Executives' Statement
Sustainable Value Creation
At Apax Partners we believe that sustainable investing is not only the right thing to do but should also have a powerful and measurable business logic.
The Firm adopted the Private Equity Council’s Guidelines for Responsible Investment in 2009 and became a signatory to the Principles for Responsible Investing in 2011. Over the course of the last four years Apax 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 (“Apax Funds”) invest; from pre-investment due diligence to post investment value creation, monitoring and reporting.
Integrated Sustainable Investment Approach
Sustainable investing is vital to Apax Partners’ success and it has become an integral part of the investment team’s approach. Sustainability is embedded in our investment process, to help release the full potential of the Apax Funds’ portfolio companies. This means that issues relating to sustainability are raised in the early stages of any potential investment opportunity and are monitored throughout Apax’s stewardship of the company. Additionally the Firm’s sustainable investment activities have been embedded within the Operational Excellence Practice in 2014 providing a strong expertise base for Environmental, Social and Governance (“ESG”) related value creation projects.
As validation of the Firm’s commitment to responsible investment, Apax Partners was selected as the winner of the BVCA 2015 Responsible Investment Award both for its ESG Framework and for its Engagement on ESG matters with portfolio companies. In addition, for the last three years, the firm has received ESG leader status in the highly detailed RobecoSAM assessment programme.
Commitment to Transparency
A core tenet of the Apax Partners sustainability programme is the annual collection of more than 80 Environmental, Social and Governance related KPI’s from the Apax Funds’ underlying portfolio companies.
For Apax Partners the key goal of this project is to have visibility and relevant information in order to drive improvement of the ESG footprint of the overall Apax Funds portfolio. To create value through dedicated programmes at the individual portfolio company level. It also gives us the unique ability to meet the increasing demand from our investors and the broader stakeholder community for further and measurable transparency on the ESG profile of the Apax Funds portfolio.
The Apax Partners Sustainability Report showcases the progress our investment team and our portfolio companies have made in our ESG journey. We will measure our success by the degree to which we will have passed on our responsibility and duty as shareholders to ensuring that our portfolio companies embrace the integration of corporate responsibility into their day to day business activities.
Andrew Sillitoe Mitch Truwit