Now in their seventh year we have seen a continued improvement of the impressive work submitted in previous years, demonstrating the growing commitment to responsible investment across our industry, both at LP, GP and portfolio-level.
This year, the BVCA is launching a new category to recognise portfolio companies who are demonstrating progress in embedding ESG in their commercial activity: Responsible Portfolio Company Award.
The BVCA Responsible Investment Awards constitute a positive opportunity for firms and their portfolio companies to get recognition for their progress on the ESG journey.
There are two awards categories open to firms: Overall ESG Framework and ESG Engagement with Portfolio Companies. Both awards are available for two groups of firms – firms with more and with less than £1bn under management. The Overall ESG Framework category is open to GPs as well as LPs whilst the ESG Engagement with Portfolio Companies is only open to GPs.
A third category ‘Outstanding Individual Contribution’ is open to individuals. This award introduced in 2016 aims to recognise an individual working for a BVCA member organisation that has made the most substantial contribution to promoting Responsible Investment within the private equity and venture capital sector.
The BVCA is launching a new category this year dedicated to portfolio companies. This Award will recognise companies who are demonstrating progress in embedding the management of ESG issues in their commercial activity.
Please note that the following judging criteria are by no means exhaustive - you do not have to address them all and should feel free to provide evidence on any other area that is key and relevant for your firm.
1. ESG Framework Award - for GPs and LPs firms
The judges will be looking for evidence of good practice of an overall ESG framework, including the following areas but not limited to:
The judging panel will be reviewing the submissions against the following judging criteria:
Please provide a maximum of a page summary accompanied by as much documented evidence as you would like.
2. ESG Engagement with Portfolio Companies Award - for GP firms
The judges will be looking for case studies illustrating the firm’s engagement with portfolio companies in the following suggested areas:
3. Outstanding Individual Contribution Award - for any individual from any BVCA member firm
The Outstanding Individual Contribution award will be presented to an individual who meets the following criteria:
Nominations for the Outstanding Individual Contribution award can be made by anyone, including from outside the BVCA membership, as long as the nominated individual is employed by a BVCA member organisation.
Nominations will be made by an application ranging between 150 and 700 words, making the case for the individual, submitted via this nomination form.
4. Responsible Portfolio Company Award – for any portfolio company backed by a BVCA member organisation
Any portfolio company with a UK presence which has had equity involvement from a BVCA member GP at some point during calendar year 2016 is eligible for this award.
The judges will be looking for evidence of commercial activities, which stand out for their positive impact on the environment, the workplace, the marketplace, the community or governance. Progress demonstrated by the companies in embedding ESG issue management will be recognised.
This includes any business initiatives in place where portfolio companies demonstrate positive engagement with their employees, clients and customers, suppliers and/or local communities in a sustainable way; as well as those that address environmental or governance-related concerns.
Please provide a maximum of a one-page summary accompanied by as much documented evidence as you would like.
All submissions should be emailed to firstname.lastname@example.org
Nominations will close on 28 September 2017.
The winners will be selected in early October by an independent judging panel composed of the following members:
The 2017 BVCA Responsible Investment Award will be presented at the BVCA Annual Summit on 12th October 2017 in London.
“From a Palatine perspective, winning several Responsible Investment awards from the BVCA has helped build our reputation for delivering good returns within a strong Responsible Investment Framework and attract into the Funds new investors with a strong ESG focus like the Church Commissioners.”
Beth Houghton, Partner, Palatine Private Equity
“Year on year, Palatine have continued to demonstrate incredibly strong commitment to the improvement and evolution of their approach to responsible investment.”
BVCA Responsible Investment Awards judging panel.
FOR FURTHER INFORMATION PLEASE CONTACT THE BVCA
+44 (0)20 7492 0400
Doughty Hanson received a special judges’ commendation for excellence in both their framework and engagement with portfolio companies.