Overview

Responsible investment, and subsequently responsible ownership, require proper analysis, judgement and mitigation of risk. Cinven aims to invest in companies that take a responsible approach towards environmental, social and corporate governance risk.

 

In 2009, Cinven became a signatory of the United Nations’ Principles for Responsible Investment.

ESG Approach

Cinven’s ESG Procedures comprise three distinct phases: pre-investment, post-investment and exit.

Our ESG Procedures are underpinned by Cinven’s governance procedures and our portfolio company ESG Guidelines.

A typical timeline for us to engage
with our portfolio companies

  • Pre-investment due diligence

    Initial ESG assessment

  • Transaction signed

  • Transaction completed

  • 1 Month

    Initial meeting/call to discuss Cinven's ESG approach and Cinven's 'ESG guidelines for portfolio companies'

    Request for company to complete Cinven ESG and cyber risk questionnaires

  • 3 Months

    Company to complete ESG and cyber questionnaires

    Assessment by Cinven/advisers of questionaire results and pre-investment ESG due dilligence reports.

    Follow-up between Cinven/company/advisers to agree ESG Action plan and priorities (aligned with Value Creation Plan)

  • 6 Months

    Development and refinement of Value Creation Plan (with material ESG-related work streams, where relevant)

  • 9 Months

    Provision of first quarterly ESG KPI data

  • 11 Months

    Cinven annual ESG Portfolio Conference (usually in November)

  • 12 Months

    Publication of annual CSR/ESG report (optional unless required by the EU Non-financial Reporting Directive)

  • Pre-exit

    Assessment of pre-exit ESG requirements; potentially commission pre-exit ESG audits(s)

A brief outline – how we work
with portfolio companies during
our ownership

External
advisers

External
advisers

External
advisers

Cinven
Annual ESG
Portfolio
Conference

External
advisers

Introduction to Cinven's ESG approach and requirements

Assessment of company’s ESG approach and reporting

Agree Action Plan with Cinven

Provide ESG performance and reporting updates to Cinven

Access to best practice and networking through Cinven portfolio and advisers

Ongoing engagement to encourage continuous improvement

Portfolio
Company

Designated Board member
responsible for ESG

Board
meetings

Regular ESG
updates

Policy and
performance
review

Introductory meeting/call to go through Cinven’s ‘ESG Guidelines for Portfolio Companies’; explain ESG and cyber questionnaires.

Cinven and its external advisers review the company’s ESG and cyber questionnaires and pre-investment ESG diligence; materiality/reporting and disclosure assessment undertaken.

Cinven and the company agree ESG priorities, ESG KPI reporting and timetable and discuss resourcing/external advisery support.

Company to provide quarterly ESG KPI data; ongoing dialogue/updates; Value Creation Plan update (where relevant); ongoing peer comparison.

Cinven annual ESG portfolio conference; regular access to Cinven ESG advisers; portfolio company networking.

Cinven and the company undertake an ongoing review of ESG KPI data and progress; redefine priorities; and support requirements.

1
Introduction to Cinven's ESG approach and requirements
Introductory meeting/call to go through Cinven’s ‘ESG Guidelines for Portfolio Companies’; explain ESG and cyber questionnaires.
2
Assessment of company’s ESG approach and reporting
Cinven and its external advisers review the company’s ESG and cyber questionnaires and pre-investment ESG diligence; materiality/reporting and disclosure assessment undertaken.
3
Agree Action Plan with Cinven
Cinven and the company agree ESG priorities, ESG KPI reporting and timetable and discuss resourcing/external advisery support.
4
Provide ESG performance and reporting updates to Cinven
Company to provide quarterly ESG KPI data; ongoing dialogue/updates; Value Creation Plan update (where relevant); ongoing peer comparison.
5
Access to best practice and networking through Cinven portfolio and advisers
Cinven annual ESG portfolio conference; regular access to Cinven ESG advisers; portfolio company networking.
6
Ongoing engagement to encourage continuous improvement
Cinven and the company undertake an ongoing review of ESG KPI data and progress; redefine priorities; and support requirements.

Our internal process for
overseeing and monitoring our
portfolio company ESG
performance and progress

Our portfolio companies and ESG

Allegro

Downloads

2017 Corporate Social Responsibility report

Download

Envirotainer

Downloads

Sustainability Report FY2018

Download

Envirotainer - Modern Slavery And Human Trafficking Statement

Download

The Cinven Foundation

The Cinven Foundation is a vehicle for the firm's corporate giving. The Foundation mainly supports education-related programmes, making a substantial donation to a limited number of charities each year.

The charities we back include:

  • Impetus

    The Foundation makes an annual donation to Impetus, of which Cinven is a member. Impetus raises significant sums from the private equity industry and its business partners to support charities that help young people to succeed.

    https://impetus.org.uk/ 

  • School Home Support (SHS)

    Working with schools, local authorities and other children's settings, School Home Support provides personalised support to children and families, tackling the underlying barriers to a successful education to improve the life chances of children. 

    www.schoolhomesupport.org.uk

  • The Children's Literacy Charity

    The Children's Literacy Charity is a leader in providing high-quality, one-to-one literacy teaching for children and young people who struggle to learn to read, write, speak and listen. 

    www.thechildrensliteracycharity.org.uk

     

  • Place2Be

    Place2Be is the UK's leading provider of school-based mental health support. The costs of not providing early mental health support are considerable: children suffer, financial burden on taxpayers rise and society loses the full potential of that individual. 

    www.place2be.org.uk 

  • IntoUniversity

    IntoUniversity provides local learning centres where young people are inspired to achieve. At each local centre IntoUniversity offers an innovative programme that supports young people from disadvantaged backgrounds to attain either a university place or another chosen aspiration. 

    www.intouniversity.org

  • ThinkForward

    ThinkForward, an initiative developed by venture philanthropy organisation Impetus, runs early intervention mentoring schemes to enhance the prospects of disadvantaged young people. 

    www.think-forward.org.uk

  • Level 20

    Founded by a group of 12 senior women in the private equity industry, including Alexandra Hess of Cinven, Level 20 is a not for profit organisation which aims to inspire women to join and succeed in the private equity industry, and provide greater representation for women at all levels of the industry.

     

    Core to Level 20's ethos is the belief that gender diversity and, in particular at senior levels in the private equity industry, will lead to improved investment performance. 

     

    Level 20 plans to achieve its vision through a career mentoring programme, a formalised network and a commitment to philanthropy. Alexandra leads the mentoring programme for Level 20 with two of the co-founders.
    https://www.level20.org/

  • SEO/London

    SEO prepares talented students from ethical minorities or low socio-economic backgrounds for career success. 

    www.seo-london.org

  • Stonewall

    Stonewall campaigns for the equality of lesbian, gay, bi and trans people across Britain.
    Their priorities include empowering individuals, transforming institutions to create inclusive and accepting cultures, changing hearts and minds, and changing and protecting laws for equality of the LGBT community.

    www.stonewall.org.uk 

  • City Gateway

    City Gateway is a charity based in East London, offering support, employment and apprenticeship opportunities for young people, women and families. Based in East London, they are a charity working with young people, women and families to give them the skills, experience and qualifications they need to achieve their ambitions. And through what they do, they help change society.

    www.citygateway.org.uk

The Foundation provides a way for Cinven to support charitable causes that are important to staff members. Subject to the Trustees' approval, it double-matches any charitable donation made by a Cinven employee up to a limit of £1,000 per person per year, and matches any charitable donation on the same basis up to £2,000. In addition, it makes ad-hoc donations to other individuals who are close to the firm who request sponsorship for participation in charitable events.