ESG Review


Download the Cinven ESG Review in PDF format

ESG Report 2016

Our ESG procedures

We have embedded ESG processes throughout all stages of our involvement in an investment.

Pre-investment due diligence

  • Before an offer is made to acquire a business we consider whether there are any ESG risks. This forms part of due diligence and the overall risk assessment of the business.
  • Assurance is sought that the company is fully compliant with relevant ESG laws and regulations.
  • If an ESG issue is raised during due diligence, we fully consider whether it is unacceptable or simply a risk to be addressed.
  • Independent analysis and expert advice is sought from specialist third party consultants, for instance environmental consultants, as required.
  • Where any ESG risks are identified, we develop a plan, agreed with management, to address and remedy the issues raised.
  • Legal advice is sought. This can lead to decisions on whether further obligations or warranties are appropriate, for instance in the purchase documents or as on-going obligations.

Post-investment monitoring

  • As part of our active ownership approach we ensure that allour portfolio companies regularly review any ESG issues that have been raised as part of the due diligence process.
  • Where action has been agreed, we monitor delivery and outcomes.
  • An update of any actions undertaken is incorporated into our quarterly reviews and ESG is a regular agenda item on our Portfolio Review Committee.
  • If we become aware of any additional ESG matters during the period of our ownership of a portfolio company we seek rectification of the situation through discussion with management and the development of an action plan.
  • If a serious ESG risk is identified the issue is escalated immediately to our Portfolio Review Committee and, depending on the gravity of the issue, to our Executive Committee.
  • In terms of corporate governance, we seek to ensure that portfolio companies’ boards take responsibility for all ESG topics.


  • We always seek to ensure that our portfolio companies continue to thrive under their new ownership when our involvement ceases.
  • As part of the exit process, we sometimes commission a further independent environmental audit.
  • If such an audit raises any issues of which we have been unaware, we seek to agree with management remedial steps to address the issues prior to our exit.