Strategy in focus:
The General Partners (GPs) we partner with vary in terms of size, scale, geographical or sector focus, and ESG (environmental, social and governance) maturity. That is why we carefully evaluate the ESG credentials of potential deals, both of GP partners and underlying assets, and make engagement on ESG matters a crucial component of ICG’s approach.
Ongoing ESG engagement and monitoring is achieved through a combination of board seats, information rights, active engagement with the GP/sponsor on material ESG issues and the Annual GPs Survey and follow up dialogues to discuss progress.
The Strategic Equity team, with support from ICG’s Sustainability & ESG team, targets engagement with GP partners to support them in further enhancing their approach to ESG integration by sharing our experience and networks, as well as resources for portfolio monitoring and reporting. For the first time in 2022, we utilised our corporate Annual ESG survey to assess the ESG practices of underlying assets, and we plan to share key findings with our GP partners to support further ESG improvements.
Continued focus on aligning with GP partners on:
Of managers have an ESG policy which is broadly aligned with ICG’s Responsible Investing Policy
Of managers have dedicated ESG resource
Are UN PRI signatories
Use board influence to engage on ESG matters
Have a formalised approach to managing climate-related risks and opportunities
Already monitor the carbon footprint of portfolio companies
Diversity and inclusion
Of GP partners state that they actively support D&I in their firms
Female investment professionals on average among GP partners