ESG is not a one-size-fits-all approach. Each company faces unique challenges and priorities based on its sector, activities, and impact, and not all topics are equally relevant for every company. As an investor with a broad portfolio spanning a diverse range of sectors, understanding and overseeing ESG efforts can be challenging. To navigate this complexity, we have developed ESG Dimensions that ensure our ESG approach is both consistent and meaningful. Our three ESG Dimensions, ESG Compliance, ESG Awareness, and ESG Opportunity provide a structured framework to identify and address the most critical ESG factors while aligning with the principle of materiality—helping us focus on what truly matters.

We believe addressing ESG requires a multi-layered and comprehensive engagement across the entire company and investment process. That is why ESG responsibility lies not with one person. Instead, ESG ownership is shared across all levels, teams and seniorities. From deal sourcing to ownership, internal to external, our team covers the various different ESG aspects. Our teams can rely on in-house or external expertise to upskill their knowledge, ensuring they have the necessary resources to identify ESG risks and opportunity effectively and integrated them into the investment process.

More detail on our approach can be found in our Responsible Investment Policy, published on our website. It details the principles we strive to uphold and the processes we employ to incorporate these principles into our operations.

To drive positive change across our portfolio, we have developed tools and processes to ensure ESG is fully integrated into our decision-making and interactions with our investments. ESG considerations are embedded at every stage of the investment cycle, from deal sourcing to ownership and exit, ensuring a consistent and structured approach to managing ESG throughout our investment cycle.