Investing Responsibly
Having a long-term, responsible approach is an important part of our funds’ investment strategy and delivering a better outcome for our investors, consistent with our fiduciary duties.
We believe that having a well-defined, responsible and proactive approach to considering sustainability risks in the investment lifecycle can positively drive the performance and value of portfolio companies and position them for the future long after exit.
Values-based investing
We apply Permira’s own values of Partnership, Integrity and Creativity to everything that we do, including our values-based investing approach supports our buyout and selected credit funds' investment teams in identifying sub-sectors or activities that are excluded from investment, and those which have heightened sustainability risk profiles or sustainability value creation opportunities. The purpose of the approach is to protect Permira and its funds from material sustainability related risks and support value creation initiatives in underlying portfolio companies, aligning with our fiduciary duties.
Integrating sustainability throughout the investment lifecycle
Understanding the key levers that drive business improvement, including sustainability considerations, is an important part of our investment approach for our Buyout funds.
From the very beginning, we are committed to actively engaging with portfolio company management teams as they seek to address material risks and realise value creation opportunities relating to sustainability.
We believe that having a well-defined, responsible and proactive approach to sustainability can support resilience and positively drive the performance and success of our portfolio companies, positioning them for the future after our exit.
Potential investments for certain funds are evaluated pre-investment on a case-by-case basis, taking into account sustainability risks*
Sustainability considerations and risks are core to our due diligence, including compliance, reputational risks and value creation opportunities
Material sustainability risks are integrated into value creation plans and ongoing monitoring over the lifetime of each investment, as relevant
Generally, progress made on sustainabilityis closely monitored during our ownership, ensuring each investment is well-positioned for the future
Engaging with the industry
We are active in multiple industry-wide sustainability initiatives. We also encourage and support relevant portfolio companies in following this lead.
The PRI is an independent body supported by the UN which provides a framework for investors to integrate responsible investment practices to enhance returns and manage risk. There are six principles for responsible investment with actions to incorporate ESG issues into investment practice. Permira has been a signatory since 2011 and reports annually on the approach to integrating ESG.
The Sustainability Markets Initiative, which was founded by the former Prince of Wales, has a mission to enable the private sector to transition to a sustainable future rapidly. Permira is a member of the private equity taskforce for the SMI.
The BVCA is the industry and public policy advocate for the private equity and venture capital industry in the UK. Permira joined BVCA Responsible Investment Advisory Group in 2015. The BVCA recognised Permira with its Excellence in ESG award in 2022.
The goal of the EDCI is to create meaningful, performance based ESG data from private companies and enable greater transparency by converging on a standardised set of ESG metrics for private markets across six themes (carbon, renewables, new hires, employee engagement, health and safety and Board diversity). Permira is a founding member of the steering committee and collects EDCI metrics from the private equity and direct lending funds.
A global community of private market investors seeking leadership in improving the industry’s understanding and management of the risks and opportunities associated with climate change. Permira is a founding member of the UK iCI.
LPA is an industry association with around 600 member institutions representing more than 2 trillion USD of private equity assets under management. The ILPA Diversity in Action initiative brings together limited partners and general partners. The goal is to motivate members to engage to create more diverse and inclusive firms and portfolios. Permira joined ILPA Diversity in Action in 2021.
Invest Europe is the world’s largest association of private capital providers. Invest Europe represents Europe’s private equity, venture capital and infrastructure investment firms, as well as their investors, including some of Europe’s largest pension funds and insurers. Permira has been a member of the Invest Europe ESG Steering Committee since 2003.
Responsible Investing Report 2023
Responsible Investing Report 2023
Portfolio company sustainability reports
As part of our ongoing commitment to provide greater visibility to investors on sustainability and related issues, we encourage sustainability reporting across the portfolio. Additional reporting is also provided for our Buyout fund investors.
BestSecret 2023 ESG Report
Sustainability Team
A statement made by relevant Permira Entities in accordance with Articles 3(1), 4(1)(b) and 5(1) of the EU Sustainable Finance Disclosure Regulation is available here.
Click here to view Permira’s responsible investment policy, which applies to the Permira group, including the Private Equity business and Private Credit business.
Click here to view Permira's Climate-related Financial Disclosure 2023 which seeks to align with the recommendations of the Taskforce on Climate-related Financial Disclosures (TCFD) and is published in satisfaction of the TCFD entity-level disclosure obligations applicable to Permia Advisers LLP (PALLP) and Permira Credit Limited (PCL) under chapter 2 of the FCA’s ESG Sourcebook.